Tech Data sees top and bottom lines slip in full-year results

Josh Budd
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Tech Data sees top and bottom lines slip in full-year results

Operating income slips by 27 per cent annually while sales dip by one per cent

Tech Data has seen its top and bottom lines slip in its full-year financial results, as operating income fell by more than a quarter year over year. Global sales fell one per cent annually in Tech Data's full year ending 31 January to $26.2bn (€24.84bn), while GAAP operating income saw a steeper 27 per cent year over year drop to $291.9m. On a constant currency basis, revenues saw a one per cent boost. From a geographical perspective, sales in the Americas - which represent 40 per cent of worldwide...

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