Releasing its results Thursday for the first quarter of its fiscal year 2009 (ending April 30th), distributor TechData reported a 12.3 per cent increase in global sales and operating income growth of 42.6 per cent.
“We are pleased with our first quarter performance which delivered solid net sales growth and a 43 per cent increase in operating income year-over-year amid a challenging environment,” said Robert M. Dutkowsky, TechData CEO, in a statement. “Our ability to deliver these results is confirmation of our focus on execution. While we are cognizant of the market uncertainty, our value-proposition is extremely strong, and our team remains focused on delivering exceptional service to our customers and vendor partners as we leverage our infrastructure for long-term success in the IT ecosystem.”
Net sales for the quarter were US$6.1 billion, an increase of 12.3 per cent from the US$5.4 billion in sales recorded in the same quarter one year ago. Net income for the quarter totaled US$23 million or US$.43 per diluted share, compared to net income of US$9.9 million of US$.18 in Q1 of FY2008.
Looking geographically, net sales in the Americas was US$2.7 billion, up eight per cent, and good for 44 per cent of worldwide net sales.