Tech Data's Q3 profits dive by more than a fifth

The wheels on distribution juggernaut Tech Data (TD) are continuing to slow with sales and operating profits sliding in Q3. For the three months ended 31 October, turnover fell eight per cent to $6bn from $6.59bn a year earlier but operating profits dived more than 22 per cent to $69.5m. The distie, which recently closed the …

[The Godfather]

Tough times indeed...

Choppy waters out there for the really big boys in Distribution. Going to need some sound steering and a watchful sail to catch the right wind....