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tech data Annual report 2003
This document provides a summary of Tech Data Corporation's annual report for the fiscal year ending January 31, 2003. It summarizes that Tech Data saw declining sales of 8.5% to $15.7 billion due to a challenging economic environment. The company reported a net loss of $199.8 million including special charges, but net income of $136.3 million excluding special charges. It also highlights steps Tech Data took to reduce costs, including workforce reductions and exiting unprofitable markets. The summary discusses Tech Data's focus on specialized business units and expansion of key partnerships to drive future growth.
