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TECH DATA CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed Jun 3, 2020. Its latest SEC filing is a 15-15D from Jul 10, 2020.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Sells technology hardware, software and related services to resellers, retailers and managed service providers, who build solutions for business and consumer end users.

How Did They Make Money?

Customers pay for technology products when they ship or software keys are delivered electronically; Tech Data also earns fees for support and other services as it performs them.

FY2020 revenue

Who Were Their Customers?

Value-added resellers, retailers and managed service providers order through Tech Data's sales teams or electronic ordering systems; some retailers and corporate resellers also buy their highest-volume products directly from vendors. Orders may ship from Tech Data's logistics centers or directly from vendors.

Did Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in FY2020 and turned 1 cent into free cash flow.

Operating income, FY2020
2% of revenue
▲ +18% vs FY2019 ($493.8M, 1%)
Net income, FY2020
1% of revenue
▲ +10% vs FY2019 ($340.6M, 1%)
Free cash flow, FY2020
1% of revenue
▲ +61% vs FY2019 ($339.1M, 1%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q1 FY2021, the three months to Apr 30, 2020
Revenue
▼ −3%
vs $8.4B in Q1 FY2020
Net income
▼ −13%
vs $55.4M in Q1 FY2020
  • Jun 30, 2020 Apollo affiliate completed its acquisition; Tech Data shares stopped trading on Nasdaq. Tech Data planned approximately $750 million in digital-transformation investment over five years.

Grew. Revenue grew 40% in 4 years, from $26.4B in FY2016 to $37B in FY2020, about 9% a year.

Data-center solutions The older report described Avnet Technology Solutions as a pending acquisition; the latest report says Tech Data completed that acquisition and includes data-center technologies and specialized solution businesses in its Advanced Solutions portfolio.

Who Did They Compete With?

Competes with Ingram Micro, Synnex, Arrow Electronics, ALSO Holding, Esprinet, and Westcon Group

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