Tech Data Corporation Reports Third Quarter Fiscal Year 2017 Results

CLEARWATER, Fla., Nov. 22, 2016 (GLOBE NEWSWIRE) -- Tech Data Corporation (NASDAQ:TECD) (the "Company") today announced its financial results for the third quarter ended October 31, 2016.
   Third quarter ended October 31, Nine months ended October 31,
($ in millions, except per share amounts)   2016     2015   Y/Y Change   2016      2015   Y/Y Change  
Net Sales $ 6,490.3   $ 6,428.5     1 % $ 18,807.4   $ 18,896.2     0 %  
               
Operating income (GAAP) $ 62.9   $ 68.1     -8 % $ 188.8   $ 256.2     -26 %  
Operating margin (GAAP)   0.97 %   1.06 %   -9 bps    1.00 %   1.36 %   -36 bps  
               
Operating income (Non-GAAP) $ 81.1   $ 70.9     14 % $ 216.8   $ 202.3     7 %  
Operating margin (Non-GAAP)   1.25 %   1.10 %   15 bps   1.15 %   1.07 %   8 bps  
               
Net income (GAAP) $ 36.5   $ 41.9     -13 % $ 116.3   $ 169.6     -31 %  
Net income (Non-GAAP) $ 50.9   $ 45.2     13 % $ 138.2   $ 127.3     9 %  
               
EPS - diluted (GAAP) $ 1.03   $ 1.18     -13 % $ 3.29   $ 4.66     -29 %  
EPS - diluted (Non-GAAP) $ 1.44   $ 1.28     13 % $ 3.91   $ 3.50     12 %  

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