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.
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.