Tech Data Corporation reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2018. For the quarter, the company reported net sales of $8,886,101,000 compared to $8,092,353,000 a year ago. Operating income was $110,365,000 compared to $103,531,000 a year ago. Income before income taxes was $81,411,000 compared to $74,975,000 a year ago. Net income was $75,866,000 or $1.97 per basic and diluted share compared to $47,459,000 or $1.24 per diluted share a year ago. Non-GAAP operating income was $134,980,000 compared to $127,848,000 a year ago. Non-GAAP results was $77,684,000 or $2.01 per diluted share compared to $66,732,000 or $1.74 per diluted share a year ago. Net cash generated by operations during the quarter was $561 million.

For the six months, the company reported net sales of $17,434,420,000 compared to $15,115,973,000 a year ago. Operating income was $180,861,000 compared to $178,609,000 a year ago. Income before income taxes was $124,068,000 compared to $119,460,000 a year ago. Net income was $109,565,000 or $2.84 per diluted share compared to $78,113,000 or $2.06 per diluted share a year ago. Non-GAAP operating income was $259,040,000 compared to $251,053,000 a year ago. Non-GAAP results was $148,511,000 or $3.85 per diluted share compared to $136,791,000 or $3.61 per diluted share a year ago.

The company provided earnings guidance for the third quarter ending October 31, 2018. For the quarter, the company expects earnings per share – diluted to be in the range of $1.19 to $1.49 and non-GAAP earnings per share – diluted to be in the range of $2.00 to $2.30. The company anticipates worldwide net sales to be in the range of $8.7 billion to $9.0 billion. The company anticipates its effective tax rate will be in the range of 24% to 26%.