Ups And Downs In Channel Company Stocks For Q1 2017

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Tech Data Corp.

CEO: Robert Dutkowsky

Dec. 30, 2016: $84.68

March 31, 2017: $93.90

Change: +10.89%

On Feb. 27 distributor Tech Data closed its $2.6 billion acquisition Avnet's Technology Solutions business, announced in September, in a deal that reshapes the value-added distribution landscape. Acquiring Avnet's $9.65 billion Technology Solutions business is expected to boost Tech Data's data center business, growing that operation's share of Tech Data's total revenue from 29 percent to 45 percent.

In March Tech Data reported that sales in fiscal 2017 (ended Jan. 31, 2017) were $26.23 billion, down 1 percent from $26.38 billion in fiscal 2016. Net income for fiscal 2017 was $195.1 million, down 27 percent from $265.7 million one year before.