Tech Data Named One of FORTUNE's "World's Most Admired Companies"
CLEARWATER, Fla., Feb. 19, 2016 (GLOBE NEWSWIRE) -- Tech Data Corporation (NASDAQ:TECD) today announced that it has been named a "World's Most Admired Company" by FORTUNE magazine for the seventh straight year. The World's Most Admired list is compiled on behalf of FORTUNE by the Korn Ferry Hay Group, a global management consulting firm which surveyed more than 4,000 executives, directors, and securities analysts. Tech Data ranked fourth overall in the Wholesalers: Electronics and Office Equipment category.
"Our people are Tech Data's greatest asset, and this honor is a direct reflection of their continued dedication to the success of our customers, vendor partners, shareholders, and communities throughout the world," said Bob Dutkowsky, chief executive officer at Tech Data. "Tech Data's 9,000 employees showcase our core values every day, and their commitment to each other enables Tech Data to be agile and succeed in a rapidly evolving IT industry. We commend our Tech Data teams throughout the world for achieving the ‘World's Most Admired' honor for the seventh straight year."
FORTUNE's Most Admired list is the definitive report card on corporate reputations. Companies are ranked by nine key attributes, from investment value to social responsibility. The Korn Ferry Hay Group compiled its data from approximately 1,500 companies: the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in FORTUNE's Global 500 database with revenue of $10 billion or more. A total of 652 companies from 30 countries were surveyed.
The 2016 list of FORTUNE's World's Most Admired Companies is available online at www.FORTUNE.com. The complete list will be featured in FORTUNE's March 1, 2016 issue, which will be available February 22, 2016 on newsstands. In addition to FORTUNE's list of the Most Admired Companies, Tech Data is ranked #107 on the FORTUNE 500.
About Tech Data
Tech Data Corporation is one of the world's largest wholesale distributors of technology products, services and solutions. Its advanced logistics capabilities and value added services enable 115,000 resellers to efficiently and cost effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $27.7 billion in net sales for the fiscal year ended January 31, 2015. It is ranked No. 107 on the Fortune 500® and one of Fortune's "World's Most Admired Companies." To learn more, visit www.techdata.com, or follow us on Facebook and Twitter.
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