Tech Data 3Q17 Earnings Call Notes

Tech Data’s (TECD) CEO Bob Dutkowsky on Q3 2017 Results

Bought Avnet’s Technology solutions business

“we remain especially excited about the pending acquisition of Avnet’s Technology Solutions business. Since we spoke to you last on September 19, we’ve established an integration management office which consists of key functional leaders from both teams across the regions who are responsible for putting plans in place that will ensure our integration goes smoothly for our customers, vendors and employees. I’m pleased to report that the teams have made good progress on our integration planning effort including two major integration milestones.”

election did have an impact on the environment but it’s not changing the way that we think about our business going forward

“Yes, so first off the impact of the election, I think the election had the whole infrastructure in an unstable environment. How close the election was made it very difficult for management teams and CFOs to project forward? How investments and infrastructure may play out? How tax rates may play out et cetera, et cetera, etcetera? So, I think it had a cooling effect on the market and you may now see that some of that’s been lifted. In terms of the capital impacts on tax rate, we’ve looked back on it and we’ve seen de minimis impact on our business when one of those changes happen. So in terms of our thought process going forward, we don’t have a lot of, it’s not impacting the way we think of the business.”