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Tech Data Corporation Reports Fiscal 2010 First-Quarter Results.

Publication: Investment Weekly News
Publication Date: 13-JUN-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Tech Data Corporation (NASDAQ:TECD), a leading distributor of IT products, announced results for the first quarter ended April 30, 2009. Results At A Glance ($ in millions, except per share amounts)   Three months ended April 30, 2009   Three months ended April 30, 2008 (As Adjusted) (1) Net sales

 

$

4,991.0

 

$

6,065.8

Operating income

 

$

49.9

 

$

42.4

Net income attributable to shareholders of Tech Data Corporation

 

$

31.8

 

$

21.4

Net income per diluted share attributable to shareholders of Tech

Data Corporation

 

$

.63

 

$

.40 (1) In May 2008, the Financial Accounting Standards Board issued FASB Staff Position ("FSP") APB 14-1, "Accounting for Convertible Debt Instruments that May Be Settled in Cash Upon Conversion (Including Partial Cash Settlement)" ("FSP 14-1"). The provisions of FSP 14-1 were effective for the company's fiscal year beginning February 1, 2009 and require retrospective application of all...

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