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Tech Data's Rich Hume On Distributor's Role In The Cloud And IoT: Exclusive

Rich Hume talks with CRN about how his company is helping solution providers engage with their clients' digital transformation activities, and explained why the company's share price dip after its fourth fiscal quarter financials is temporary.

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Why did Tech Data lower its guidance for the first fiscal quarter of 2020? 

A couple things. Number one is, [for] Q4 and the full year, we had outstanding results when you look at operating income, EPS (earnings per share) growth, revenue growth, all of the above have had a really strong outcome. And second, we provided some very strong guidance for the full year next year, saying that our operating income growth will be in mid-single digits and that our earnings-per-share growth will be approximately 10 percent. And then, on top of that, we said that we are actually incrementing our share repurchase program by another $100 million. So there's, in the rounding, $200 million of share repurchase in front of us that should actually improve that approximate 10-percent earnings-per-share growth.

 
 
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