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Courtesy of Tech Data


Tech Data


It started off as a pretty bumpy ride for new Tech Data CEO Rich Hume. The long-time IBM executive took over in June 2018 after two years as chief operating officer at the tech-product distributor. As COO, Hume had masterminded the $2.6 billion acquisition of Avnet’s technology services unit. That was intended to bolster Tech Data’s higher-margin cloud offerings. But for much of the year, Tech Data’s growth came in the low margin PC area, disappointing Wall Street. Even as net revenue grew 11% to $37 billion, the company’s gross profit margin declined to 6.06% from 6.30% the prior year. Tech Data’s stock price dropped 16% in 2018. (Though it’s since bounced back sharply in 2019.) Now Hume’s task is to get his huge sales force more focused on selling cloud software and infrastructure services over cheap computers and phones.

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Richard T. Hume

CEO Title

Chief Executive Officer & Director




Wholesalers: Electronics and Office Equipment

HQ Location

Clearwater, Fla.

Years on Fortune 500 List




Figures are for fiscal year ended Jan. 31, 2019.
Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$37,2391.3%
Profits ($M)$340.6192.0%
Assets ($M)$12,986.6
Total Stockholder Equity ($M)$2,936.7
Profit Ratios
Profit as % of Revenues0.9%
Profits as % of Assets2.6%
Profits as % of Stockholder Equity11.6%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)8.89
EPS % Change (from 2017)191.5%
EPS % Change (5 year annual rate)13.5%
EPS % Change (10 year annual rate)14.0%
Total Return
Total Return to Investors (2018)-16.5%
Total Return to Investors (5 year, annualized)9.7%
Total Return to Investors (10 year, annualized)16.5%
()0.00 0.00 (0)
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