Date: Wednesday August 30, 2006 11:58:00 am
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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.
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