Tech Data Sees These Verticals as Future Revenue Drivers


Aug. 29 2016, Updated 1:05 p.m. ET

Revenues in the range of $6.25 billion to $6.45 billion

For the quarter ending October 2016, or fiscal 3Q17, Tech Data (TECD) expects revenue in the range of $6.3 billion–$6.5 billion. It expects non-GAAP (generally accepted accounting principles) earnings per share (or EPS) of between $1.2 and $1.3, with 35.5 million weighted average shares outstanding.

Article continues below advertisement

Tech Data expects cloud, IoT, and data center technology to drive future revenue

According to Tech Data, its strategic investments in business verticals such as mobility, cloud, data center technology, and consumer electronics will enable it to take advantage of emerging third platform technologies such as IoT (Internet of Things), cloud computing, and analytics.

Tech Data’s StreamOne platform allows solution providers and managed service providers to customize their own private cloud stores. Companies can also integrate Tech Data’s cloud services to their existing e-commerce environments.

Tech Data’s CEO Robert Dutkowsky stated, “Our ability to provide the right mix of cloud solutions coupled with our expertise in new and emerging datacenter technology and the strategic investments we’ve made in mobile, security, cloud and IoT markets uniquely position Tech Data to assist our resellers as they transition to an increasingly hybrid IT market.”

Tech Data believes that its broad product offering provides it with opportunities to drive profitability and strengthen channel relationships in challenging market conditions. TECD continues to focus on improving its profit margins and gaining market share in key geographies.


More From Market Realist

  • Honeywell sign
    Earnings Report
    CNBC Pro Stocks to Buy Before Q1 Earnings
  • Men walking by Morgan Stanley headquarters
    Morgan Stanley’s (MS) Stock Forecast Before Q1 Earnings
  • Carnival cruise ship sailing
    Carnival's (CCL) Stock Forecast Before Q1 Business Update
  • GameStop store
    GME's Earnings Are Coming: Will It Be Mayday for Shorts or WallStreetBets?
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.