Tech Data net sales up

21 November 2006 — Clearwater (FL): Tech Data has reported its Q3 results.

Net sales were $5.4 billion, an increase of 7 percent from $5.1 billion a year earlier.

 

Net income was $9.6 million, or diluted EPS of $0.18 compared to $23 million, or diluted EPS of $0.40 (including income from discontinued operations of $1.0 million) for the prior-year period.

 

Q3 results include $6.1 million of restructuring charges and $2.8 million of consulting costs related to the company’s EMEA restructuring programme.