Tech Data sees sales rise in all regions

Distributor sees share price climb nearly 15 per cent after beating expectations

Tech Data saw its share price surge nearly 15 per cent after reporting revenue increases across all geographic regions.

For the three months ending 31 October, Tech Data saw sales climb 11 per cent year on year to $9.3bn (£7.3bn), while operating income was up 85 per cent to $146.9m.

Tech Data breaks its business into three regions, with revenue in The Americas, Europe and Asia-Pacific climbing 13 per cent, nine per cent and six per cent respectively.

Europe made up over half of overall sales (53 per cent) at $4.9bn.

Tech Data CEO Rich Hume said: "I am pleased to report that our teams delivered a strong Q3 performance with great execution across our three regions.

"Our Q3 results reflect the powerful combination of our end-to-end portfolio and strong execution by our global teams.

"They also validate the strategic role we play in the IT supply chain - delivering high value through our end-to-end portfolio to channel partners across the broad spectrum of IT products and solutions."

Tech Data has endured an indifferent 2018, blaming a difficult Q4 on vendors altering their contracts.

The distributor however mounted a comeback in Q1, with revenue for that quarter climbing 22 per cent.

CEO Hume was installed in June, taking over from Bob Dutkowsky.

Tech Data said it expects sales for its current quarter, ending 31 January 2019, to be between $10.5bn and $10.9bn.