Tech Data profits, Sykes loses

Tech Data Corp.
CLEARWATER — Business continues to grow for Clearwater-based Tech Data Corp. (symbol: TECD) by every measure: net sales, operating income, margin and net income all increased over 2009.

Tech Data, a distributor of computer and communications office products, generated $24.4 billion in net sales in the year ended Jan. 31, 2011, up 10% from the prior year. Its operating income grew 29%, to $334 million; its operating margin grew by 0.2 percentage points to 1.37%; and net income grew 19% to $214.2 million.

“A healthy technology spending environment in both regions combined with our superior execution and targeted investments in infrastructure, M&A and business processes, resulted in one of the best years in our company's history,” said CEO Robert Dutkowsky.