Results for latest quarter show margins rising, but turnover down Tech Data has lifted margins at the cost of losing some sales; it was a bit buffeted by the strong dollar in its Q4. Tech Data Europe's net sales were $4.8bn (approximately 65% of worldwide net sales), a decrease of 9% in dollars, but an increase of 1% in euros from the prior-year quarter, as a result of the strong currency.
Global Gross profit was $372.3m, or 5.07% of net sales, compared to $398.0m, or 4.99% of net sales in the prior-year quarter.
"Our fourth quarter capped a successful fiscal year for Tech Data a year in which we achieved profitable revenue growth and improved non-GAAP earnings, while making considerable progress on a number of operational fronts,” says Robert M. Dutkowsky (above), chief executive officer. "Our focus on the market and operations produced good leverage, delivering double-digit growth in annual non-GAAP operating income, net income and earnings per share on low-single-digit net sales growth. “