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Earnings
By Times Wires
Published March 5, 2008
Tech Data Corp. A surge in sales worldwide delivered the Clearwater-based computer products distributor a 39 percent profit gain for the fourth quarter ended Jan. 31. Wall Street cheered the results Tuesday, bumping shares by 3.2 percent to close at $34.24. The company also said it is buying the assets of Europe-based Scribona AB for $20-million to $25-million. The acquisition would allow the Tech Data to serve its customers and vendors throughout the Nordic region. 4th Qtr Yr ago Revenue $6.48B $6.12B Net income$50.2M $36.1M Per share 92 cents 66 cents 2007 2006 Revenue 23.4B $21.4B Net income$108.3M -$97M Per share $1.96 -$1.76
[Last modified March 4, 2008, 23:41:25]
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