Tech Data Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2017. For the quarter, net sales were $9,135,728,000 against $6,490,265,000 a year ago. Operating income was $79,567,000 against $62,872,000 a year ago. Income before income taxes was $54,885,000 against $51,650,000 a year ago. Net income was $37,268,000 against $36,506,000 a year ago. Earnings per diluted share were $0.97 against $1.03 a year ago. Non-GAAP operating income was $135,700,000 against $81,130,000 a year ago. Non-GAAP net income was $76,749,000 or $2.00 per diluted share against $50,901,000 or $1.44 per diluted share a year ago. Net cash generated by operations during the quarter was $70 million.

For nine months, net sales were $25,682,482,000 against $18,807,366,000 a year ago. Operating income was $258,176,000 against $188,785,000 a year ago. Income before income taxes was $174,345,000 against $167,938,000 a year ago. Net income was $115,381,000 against $116,273,000 a year ago. Earnings per diluted share were $3.03 against $3.29 a year ago. Non-GAAP operating income was $386,753,000 against $216,785,000 a year ago. Non-GAAP net income was $213,540,000 or $5.60 per diluted share against $138,236,000 or $3.91 per diluted share a year ago.

For the quarter ending January 31, 2018, the company anticipates worldwide net sales to be in the range of $10.25 billion to $10.80 billion. The company anticipates EPS to be in the range of $2.39 to $2.69 and non-GAAP EPS to be in the range of $3.35 to $3.65. This guidance assumes weighted average diluted shares outstanding of 38.5 million and an effective tax rate in the range of 29% to 31%.