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Tech Data Corp Comments On Q1 2014 Revenue Guidance

Monday, 4 Mar 2013 06:00am EST 

Tech Data Corp announced that for the first quarter of 2014, on a reported basis, the Company expects high single-digit year-over-year sales growth. On a regional basis, the Company expects flat year-over-year sales in the Americas and in Europe in euros, excluding SDG. The Company estimates the average U.S. dollar to euro currency exchange rate to be $1.28 to EUR1.00 for fiscal 2014. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $6.39 billion for the first quarter of 2014. 

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