Tech Data Q2 had net sales of $9.1bn, an increase of 2% compared to the prior-year quarter. On a constant currency basis, net sales increased 5%. Europe’s net sales were $4.4bn, a decrease of 2% compared to the prior-year quarter. On a constant currency basis, net sales increased 2%.
“We are pleased to report that Tech Data delivered an outstanding second quarter performance marked by broad-based improvement across our geographies. A stable demand environment, combined with strong execution by our teams, resulted in a number of key achievements, including: solid sales growth in constant currency, double-digit growth in operating income and earnings per share, positive cash flow, and an industry leading return on invested capital,” said Rich Hume (pictured), chief executive officer. “We achieved all of this while continuing to advance our strategy, invest for the future and return cash to our shareholders in the form of share repurchases.”
Return on invested capital for the trailing twelve months was 13%, compared to 5% in the prior year
