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  • Previous Rank315
  • Revenues ($M)$37,239.00
  • Revenue Percent Change1.3%
  • Profits ($M)$340.6
  • Profits Percent Change192%
  • Assets ($M)$12,986.60
  • Employees14,000

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 1% 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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Company Information

CEO
Richard T. Hume
Sector
Wholesalers
Industry
Wholesalers: Electronics and Office Equipment
HQ Location
Clearwater, Fla.
Websitehttps://www.techdata.com
Years on Global 500 List21
Employees14,000
Figures are for fiscal year ended Jan. 31, 2019.

Tech Data Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$37,239.001.3%
Profits ($M)$340.6192%
Assets ($M)$12,986.60-
Total Stockholder Equity ($M)$2,936.70-

Profit Ratios

Profit as % of Revenues0.9%
Profits as % of Assets2.6%
Profits as % of Stockholder Equity11.6%