TECHDATA LOSS WIDENS

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TECHDATA LOSS WIDENS

 user 2006-08-30 at 11:59:00 am Views: 47
  • #16347

    Tech Data loss widens
    August
    2006 — Clearwater (FLA): Tech Data has reported a wider Q2 net loss of
    $155.5 million, compared to a loss of $59.4 million a year earlier.Q2
    revenue amounted to $4.94 billion, up slightly from $4.81 billion in Q2
    2005.The company was subject to a non-cash charge of $136.1 million for
    goodwill impairment as a result of the company’s performance in the
    Europe, Middle East and export sales to Africa.Excluding these charges
    and other costs, Q2 net income totalled $0.3 million or $0.01 per
    diluted share.