TechData财年收入增利润亏
作者： 西岸
责任编辑： 阚智
来源： 《电脑商情报》
时间： 2007-03-09 00:18
Tech Data Corporation, a leading distributor of IT products, today announced results for the fourth quarter and fiscal year ended January 31, 2007.
“We completed fiscal 2007 on a very positive note achieving record sales for the quarter and for the full year,” commented Robert M. Dutkowsky, Tech Data’s chief executive officer. “Our performance in Europe exceeded our expectations ? the result of better-than-expected sales volume and a strengthening of the gross margin as we continue to drive improvements and stabilize our European operations. Our Canadian and Latin American operations performed exceptionally well, contributing to the America’s solid fourth quarter performance. I'm very proud of the Tech Data team, and want to thank each and every one of them for their contributions this year. As we move forward in the new fiscal year, we will continue to leverage our infrastructure, concentrating on responsible growth in worldwide net sales and measured improvements in profitability.”
Fiscal Year Results
Net sales for the fiscal year ended January 31, 2007, were $21.4 billion, an increase of 4.7 percent from $20.5 billion in the fiscal year ended January 31, 2006. On a regional basis, net sales in the Americas represented 46 percent of net sales, and increased 5.3 percent to $9.9 billion from $9.5 billion in the prior-year period. Europe represented 54 percent of net sales and increased 4.1 percent to $11.5 billion (1.5 percent increase on a local currency basis) from $11.0 billion in the fiscal year ended January 31, 2006.
Gross margin for the fiscal year ended January 31, 2007 was 4.70 percent, down from 4.99 percent in the prior-year period. The decline in gross margin was primarily attributable to challenges in the European operations, competitive market conditions in both regions, and to a much lesser extent, changes in customer and product mix.
For the fiscal year ended January 31, 2007, the company incurred an operating loss of $(4.2) million or (.02) percent of net sales compared with operating income of $163.3 million or .80 percent of net sales in the prior-year. On a non-GAAP basis, operating income for the fiscal year ended January 31, 2007, totaled $164.3 million, or .77 percent of net sales. This compares to non-GAAP operating income of $203.9 million, or 1.00 percent of net sales for the fiscal year ended January 31, 2006.
The company incurred a net loss of $(97.0) million, or $(1.76) per diluted share, for the fiscal year ended January 31, 2007 compared to net income of $26.6 million, or $.45 per diluted share in the prior-year period. On a non-GAAP basis, net income was $77.3 million, or $1.40 per diluted share for the fiscal year ended January 31, 2007, compared to non-GAAP net income of $121.6 million, or $2.08 per diluted share for the fiscal year ended January 31, 2006. Net income for the fiscal-year periods ended January 31, 2007 and 2006, on both a GAAP and non-GAAP basis, included $3.9 million and $3.6 million, respectively, of income from discontinued operations related to the sale of the Europe training business. Results for the fiscal year ended January 31, 2007, also include $.10 per diluted share for stock-based compensation related to the adoption of Statement of Financial Accounting Standard No. 123R.
Business Outlook
Statements made regarding the company’s business outlook are based on current expectations and the company’s internal plan. These statements are forward-looking and, as outlined in the company’s periodic filings with the Securities and Exchange Commission, actual results may differ materially. For the first quarter ending April 30, 2007, the company anticipates net sales to be in the range of $5.20 billion to $5.35 billion. This assumes year-over-year mid-single digit growth in the Americas region and flat year-over-year growth in Europe on a local currency basis. The company also anticipates an effective tax rate for the first quarter of fiscal 2008 in the range of 42 percent to 44 percent.
“We completed fiscal 2007 on a very positive note achieving record sales for the quarter and for the full year,” commented Robert M. Dutkowsky, Tech Data’s chief executive officer. “Our performance in Europe exceeded our expectations ? the result of better-than-expected sales volume and a strengthening of the gross margin as we continue to drive improvements and stabilize our European operations. Our Canadian and Latin American operations performed exceptionally well, contributing to the America’s solid fourth quarter performance. I'm very proud of the Tech Data team, and want to thank each and every one of them for their contributions this year. As we move forward in the new fiscal year, we will continue to leverage our infrastructure, concentrating on responsible growth in worldwide net sales and measured improvements in profitability.”
Fiscal Year Results
Net sales for the fiscal year ended January 31, 2007, were $21.4 billion, an increase of 4.7 percent from $20.5 billion in the fiscal year ended January 31, 2006. On a regional basis, net sales in the Americas represented 46 percent of net sales, and increased 5.3 percent to $9.9 billion from $9.5 billion in the prior-year period. Europe represented 54 percent of net sales and increased 4.1 percent to $11.5 billion (1.5 percent increase on a local currency basis) from $11.0 billion in the fiscal year ended January 31, 2006.
Gross margin for the fiscal year ended January 31, 2007 was 4.70 percent, down from 4.99 percent in the prior-year period. The decline in gross margin was primarily attributable to challenges in the European operations, competitive market conditions in both regions, and to a much lesser extent, changes in customer and product mix.
For the fiscal year ended January 31, 2007, the company incurred an operating loss of $(4.2) million or (.02) percent of net sales compared with operating income of $163.3 million or .80 percent of net sales in the prior-year. On a non-GAAP basis, operating income for the fiscal year ended January 31, 2007, totaled $164.3 million, or .77 percent of net sales. This compares to non-GAAP operating income of $203.9 million, or 1.00 percent of net sales for the fiscal year ended January 31, 2006.
The company incurred a net loss of $(97.0) million, or $(1.76) per diluted share, for the fiscal year ended January 31, 2007 compared to net income of $26.6 million, or $.45 per diluted share in the prior-year period. On a non-GAAP basis, net income was $77.3 million, or $1.40 per diluted share for the fiscal year ended January 31, 2007, compared to non-GAAP net income of $121.6 million, or $2.08 per diluted share for the fiscal year ended January 31, 2006. Net income for the fiscal-year periods ended January 31, 2007 and 2006, on both a GAAP and non-GAAP basis, included $3.9 million and $3.6 million, respectively, of income from discontinued operations related to the sale of the Europe training business. Results for the fiscal year ended January 31, 2007, also include $.10 per diluted share for stock-based compensation related to the adoption of Statement of Financial Accounting Standard No. 123R.
Business Outlook
Statements made regarding the company’s business outlook are based on current expectations and the company’s internal plan. These statements are forward-looking and, as outlined in the company’s periodic filings with the Securities and Exchange Commission, actual results may differ materially. For the first quarter ending April 30, 2007, the company anticipates net sales to be in the range of $5.20 billion to $5.35 billion. This assumes year-over-year mid-single digit growth in the Americas region and flat year-over-year growth in Europe on a local currency basis. The company also anticipates an effective tax rate for the first quarter of fiscal 2008 in the range of 42 percent to 44 percent.
