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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tech Data Corporation    TECD

TECH DATA CORPORATION

(TECD)
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TECH DATA : ADDS G SUITE TO ITS GROWING PORTFOLIO OF CLOUD SAAS SOLUTIONS IN EUROPE; Workplace collaboration and productivity apps to be available to customers in Europe through StreamOne platform

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12/06/2019 | 05:59am EST

BARCELONA -- Tech Data (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=ae5060dd7a&e=244bc0ef58) (Nasdaq: TECD) today announced the addition of G Suite (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=564f4491db&e=244bc0ef58) to its portfolio of cloud software-as-a-service (SaaS) solutions in Europe. Through this agreement, partners can acquire and manage subscriptions to G Suite solutions through Tech Datas StreamOne Cloud Marketplace, which enables the provisioning and management of subscriptions on behalf of the end customer.

G Suite is composed of a set of intelligent apps Gmail, Docs, Drive, Calendar, Hangouts and more designed with real-time collaboration and machine intelligence to bring people together and help them work smarter and safer. The fully integrated solution includes flexible storage options, mobile device management and 24/7 live support and is compatible with other workplace platforms like Microsoft Office.

Tech Data will support adoption of G Suite among its customers by embedding the offering into its Cloud Practice Builder (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=899cdc9441&e=244bc0ef58) programs. These partner transformation programs provide a clearly structured four-step journey that enables partners to rapidly and affordably build a specialist next-generation cloud practice. Practice Builder programs start with assessment to understand the partners current competencies and then offers a defined process to build the capabilities and domain expertise needed to take cloud solutions to market, access new opportunities and accelerate digital transformation.

G Suite represents a great addition to Tech Datas comprehensive portfolio of SaaS solutions and enables us to offer an outstanding choice when it comes to the leading players in the cloud market, said Denis Fouquet, vice president, software and cloud, Europe, Tech Data. G Suite provides a low-cost, user-friendly, secure and reliable collaboration solution with licensing models adapted to the varying needs of SMBs and large enterprises. The combination of StreamOne and our value-added partner transformation methodology Practice Builder will enable our partners to quickly accelerate this offering.

We are thrilled to partner with Tech Data, as our collaboration will help partners to grow their Google Cloud practices and will bring G Suite to more customers across the mid-market and SMB segments, said Kevin OKane, Managing Director, Partnerships, Google Cloud. By working with organizations like Tech Data, we are able to offer more comprehensive support such as training and deployment services to customers in their digital transformations.

Tech Data is able to offer G Suite on top of a wider range of Google Cloud solutions, such as Chrome Enterprise Upgrade, Chrome Education Upgrade and Hangouts Meet hardware solutions. Tech Data customers in the UK and France will be able to acquire G Suite from mid-December; other countries in the region will follow in a phased approach in the coming months.

--- ENDS ---

About Tech Data

Tech Data connects the world with the power of technology. 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. Tech Data is ranked No. 88 on the Fortune 500^ and has been named one of Fortunes Worlds Most Admired Companies for 10 straight years.

To find out more, visit www.techdata.com (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=a2dcb38ed8&e=244bc0ef58) or follow us on Twitter (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=11fcdf98a4&e=244bc0ef58) , LinkedIn (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=dcba67e8be&e=244bc0ef58) , Facebook (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=3a9754b013&e=244bc0ef58) and Instagram (https://channelstar.us14.list-manage.com/track/click?u=cb64b975bf45371e740fe24cc&id=b00b2bc023&e=244bc0ef58) .

Media Contact George Troughton Communications Manager, Europe Tech Data Mobile: 0034 615 841 745 ** Neville Street Channelstar Media T: 01743 246917 M: 07967 717259 E: nev@channelstar.co.uk (mailto:nev@stellasix.com)

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(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2020 36 964 M
EBIT 2020 696 M
Net income 2020 383 M
Debt 2020 -
Yield 2020 -
P/E ratio 2020 13,7x
P/E ratio 2021 12,0x
Capi. / Sales2020 0,14x
Capi. / Sales2021 0,14x
Capitalization 5 107 M
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 148,67  $
Last Close Price 144,15  $
Spread / Highest target 4,75%
Spread / Average Target 3,13%
Spread / Lowest Target 0,59%
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Managers
NameTitle
Richard T. Hume Chief Executive Officer & Director
Robert M. Dutkowsky Executive Chairman
Charles Val Dannewitz Chief Financial Officer & Executive Vice President
John A. Tonnison Chief Information Officer & Executive VP
Charles Edward Adair Lead Independent Director
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