CLEARWATER, Fla., Feb. 16, 2017 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD) today announced that it has been named a "World's Most Admired Company" by Fortune magazine for the eighth straight year. The World's Most Admired list is compiled on behalf of Fortune by the Korn Ferry Hay Group, a global management consulting firm which surveyed more than 3,800 executives, directors, and securities analysts. Tech Data ranked second overall in the Wholesalers: Electronics and Office Equipment category.
"We applaud our 9,000 colleagues around the globe for earning the prestigious ‘World’s Most Admired’ honor for the eighth consecutive year,” said Bob Dutkowsky, chief executive officer at Tech Data. “Our employees are Tech Data’s greatest asset, unwaveringly dedicated to the success of our customers, vendors, shareholders, and each other. This achievement is a testament to their continued commitment to building a culture that values integrity and respect, teamwork, and a passion for winning.”
Fortune's Most Admired list is the definitive report card on corporate reputations. Companies are ranked by nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. The Korn Ferry Hay Group compiled its data from approximately 1,500 companies: the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune's Global 500 database with revenue of $10 billion or more. A total of 680 companies from 28 countries were surveyed.
The 2017 list of Fortune's World's Most Admired Companies is available online at www.fortune.com. The complete list will be featured in Fortune's March 1, 2017 issue, which will be available February 20, 2017 on newsstands. In addition to Fortune's list of the Most Admired Companies, Tech Data is currently ranked No. 108 on the Fortune 500 and No. 409 on the Fortune Global 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 105,000 resellers to efficiently and cost effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $26.4 billion in net sales for the fiscal year ended January 31, 2016. It is ranked No. 108 on the Fortune 500® and one of Fortune’s “World’s Most Admired Companies.” To learn more, visit www.techdata.com, or follow us on Facebook and Twitter.