Florida (ap) - Tech Data of the fourth quarter net income increased 53% year-on-year, drive a big tax benefit.
Information technology products dealers won $82500000, or $2.17 a share. By contrast, $54100000, or $a share, 29, and the same period last year.
In Europe the release of deferred tax assessment reserve does not include 69 cents per share, income for $1.48 a share, far less than Wall Street expectations of $1.75, according to FactSet, according to a survey.
Chief executive Robert Dutkowsky Tech Data company said in a statement, in the race and transformation from highly profitable products, such as server, in low profit products, such as tablet PC, cell phone and software.
Revenue grew 5% to $7.46 billion, $7.11 billion, thanks in part to purchase. Wall Street expected an income of $723 million.
Income grew by 12%, in Europe, but in America fell 6%, including North America and South America.
Gross profit rate down to 5.09%, part of the reason is due to low profit margin products transferred to 5.27%.
Annual net income of up to $214600000, or $5.48 a share, from $206400000, or $4.66 a share.
Adjusted earnings for $4.81 a share.
Annual turnover fell 4% to $2.536 billion, $2.649 billion.
Tech Data company, headquartered in Florida clearwater, is expected to high single-digit percentage of revenue growth.
Analysts predict dollars, an income of $634 million.



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