CLEARWATER, Fla., March 2, 2012 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD), one of the world's largest distributors of IT products, has been named a "World's Most Admired Company" by FORTUNE magazine for the third straight year. Tech Data is the highest-ranked end-to-end distributor in the Wholesalers: Electronics and Office Equipment category, ranking third overall in the sector.
"Tech Data and our 8,300 employees around the world are proud to again be named to this prestigious list," said Bob Dutkowsky, Chief Executive Officer of Tech Data Corporation. "In challenging times, our team has worked tirelessly to deliver solutions for our customers, drive results for our vendor partners, generate returns for our shareholders, serve the communities in which we operate and foster an engaging environment for each other. In addition to our great people, this is also a testament to our proven strategy of execution, diversification and innovation, which has helped us to successfully adapt to the changing needs of our markets."
The World's Most Admired list is compiled by the Hay Group, a global management consulting firm, through surveying company executives, directors, and industry analysts. The Hay Group compiled its data from approximately 1,400 companies: the 1,000 largest U.S. companies ranked by revenue, non-U.S. companies in FORTUNE's Global 500 database with revenue of $10 billion or more, and the top foreign companies operating in the U.S. Overall, a total of 698 companies from 32 countries were surveyed.
The 2012 list of FORTUNE's World's Most Admired Companies is available online at FORTUNE.com. The complete list will be featured in FORTUNE's March 19 issue, available on newsstands next week. In addition to FORTUNE's list of the Most Admired Companies, Tech Data is ranked #109 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 125,000 resellers in more than 100 countries to efficiently and cost effectively support the diverse technology needs of end users. Tech Data generated $26.5 billion in net sales for the fiscal year ended January 31, 2012, and is ranked 109th on the Fortune 500®. To learn more, visit www.techdata.com.
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