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  • Previous Rank107
  • Revenues ($M)$36,775.00
  • Revenue Percent Change40.2%
  • Profits ($M)$116.6
  • Profits Percent Change-40.2%
  • Assets ($M)$12,652.60
  • Employees14,000
  • Market Value — as of March 29, 2018 ($M)$3,248.90

Technology product distributor Tech Data moved solidly into the data center market with its $2.6 billion acquisition of Avnet’s technology services unit in February. The deal helped boost revenue 40% in 2017 to a record $36.8 billion and move the company up the food chain from reselling items like phones, PCs, and servers to the more expensive data center equipment. That’s a smart move by CEO Robert Dutkowsky to follow his customers, as businesses increasingly move from running their own servers to relying on the huge centers run by Amazon, Google, and others. Still, hardware sales hit a road bump over the summer, sending Tech Data’s stock plunging, and Wall Street remains worried about the business. Change could be coming, however, as 30-year IBM veteran Rich Hume takes over for Dutkowsky as CEO in June.

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Company Info

CEO
Robert M. Dutkowsky
CEO Title
Chairman & Chief Executive Officer
Sector
Wholesalers
Industry
Wholesalers: Electronics and Office Equipment
HQ Location
Clearwater, Fla.
Websitehttp://www.techdata.com
Years on Fortune 500 List24
Employees14,000
Figures are for fiscal year ended Jan. 31, 2018.

Tech Data Rank History

Key Financials (Last Fiscal Year)

$ millions% change
Revenues ($M)$36,775.0040.2%
Profits ($M)$116.6-40.2%
Assets ($M)$12,652.60-
Total Stockholder Equity ($M)$2,921.50-
Market Value — as of March 29, 2018 ($M)$3,248.90-

Profit Ratios

Profit as % of Revenues0.3%
Profits as % of Assets0.9%
Profits as % of Stockholder Equity4%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)3.05
EPS % Change (from 2016)-44.6%
EPS % Change (5 year annual rate)-7.5%
EPS % Change (10 year annual rate)4.5%

Total Return

Total Return to Investors (2017)15.7%
Total Return to Investors (5 year, annualized)16.6%
Total Return to Investors (10 year, annualized)10%