Stock-based compensation expense was $8.5 million, an increase of $0.7 million, compared to the prior-year quarter. Certain non-GAAP measures presented in this release or other releases, presentations and similar documents issued by the Company include sales, income or expense items as adjusted for the impact of changes in foreign currencies (referred to as “constant currency”), non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP earnings per diluted share and Adjusted Return on Invested Capital. The non-GAAP financial information contained in this release is included with the intention of providing investors a more complete understanding of the Company’s operational results and trends, but should only be used in conjunction with results reported in accordance with Generally Accepted Accounting Principles (“GAAP”). The transaction is expected to close during the first half of 2020, subject to the receipt of regulatory approvals. We ended the year by reaching our biggest milestone yet—the agreement to be acquired by Apollo. Tech Data disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments. For additional information on the merger, please see Tech Data’s definitive proxy statement filed on January 10, 2020 as supplemented by the Current Report on Form 8-K filed on February 4, 2020. As one of the world’s largest wholesale IT distributors, Tech Data is the conduit through which the power of technology flows to the world. A reconciliation of GAAP to non-GAAP financial measures is presented in the financial tables of this press release. Tech Data is ranked No. Tech Data cautions investors that any forward-looking statements made by Tech Data are not guarantees of future performance. If you experience any issues with this process, please contact us for further assistance.Tech Data and Tech Data logo are registered trademarks of Tech Data Corporation in the United States and other countries.
100+ countries served; Nearly 9,000 employees worldwide ; Tech Data Corporation. The Merger Agreement provides that Parent will acquire all of the outstanding shares of Tech Data common stock for $145 per share in cash. A detailed reconciliation of the adjustments between results calculated using GAAP and non-GAAP in this release is contained in the attached financial schedules. For all other questions and requests, you may e-mail To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. * Twelve months ended January 31, 2019 includes a $25 million benefit ($18 million net of tax; $0.47 cents per diluted share) from the collection of an accounts receivable balance previously considered uncollectible. It’s a major issue for those still running the operating system (OS), as it means either shifting to a new OS, or continuing with Windows 7 without future security updates from Windows. Our end-to-end portfolio of products, services and solutions, highly specialized skills and expertise in next-generation technologies enable channel partners to bring to market the products and solutions the world needs to connect, grow and advance.As the worldâs leading end-to-end technology distributor, we put singular focus on our customersâ needs and goals with the objectivity of a true strategic partner. You can sign up for additional alert options at any time.At Tech Data Corporation, we promise to treat your data with respect and will not share your information with any third party. On February 12, 2020 Tech Data’s shareholders voted to approve and adopt the Merger Agreement at a special meeting of shareholders, which was one of the conditions to the closing of the merger. 90 on the Fortune 500® and has been named one of Fortuneâs âWorldâs Most Admired Companiesâ for ten consecutive years.
This communication includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Ensuring minimal disruption to your customers’ operations, and perhaps even enhancing them, presents a great opportunity for you the reseller. 88 on the Fortune 500
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