Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Tech Data Corp. (TECD) Continues to Thrive on Partnerships

3/10/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmtavmzkvnjg1l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Wholesale distributor of IT products, Tech Data Corp. (TECD - Analyst Report) continues to thrive on partnerships as a means of broadening its product portfolio. To-date, in fiscal 2014, the company has signed a number of partnership agreements with notable enterprises, which are expected to drive its top-line growth going forward.

Recently, the company expanded its partnership with Oracle (ORCL - Analyst Report), which will enable it to sell Oracle’s cloud applications in the United States.

Tech Data recently entered into a distribution agreement with Kanex, to provide the latter’s products to its channel of solution providers throughout the United States and Latin America. Kanex is a leading provider of innovative Apple and iOS connectivity solutions for homes and businesses worldwide.

Tech Data has also entered into a partnership with leading network and cloud solutions provider, Earthlink Holdings Corp. (ELNK - Snapshot Report). The deal enables Tech Data to provide EarthLink's suite of managed cloud and support services to solution providers in the United States through the company's TDCloud business unit.

Further, Tech Data expanded its distribution agreement with International Business Machines (IBM - Analyst Report) in an attempt to make IBM’s SoftLayer technologies available to its solution providers throughout the United States and Europe.

Moreover, Tech Data’s partnership with the likes of Cisco, VMware, Google and Xerox will drive its top line growth over the long term.

Recently, Gartner revised down its IT spending forecast to 2.1% from 2.8%. As Tech Data is heavily dependent on IT spending, we believe that this revised estimate does not bode well for the company. However, these partnerships will somewhat dilute the negative effect of lower IT spending in our view.

Moreover, we believe that Tech Data will benefit from pent-up demand for personal computers in the rest of 2014. Further, the company’s improving execution (particularly in Europe), superior customer service and improving market share in the Americas are the major positives.

This article has been extracted from http://www.zacks.com/, please click on this link to read the article in full http://www.zacks.com/stock/news/149113/tech-data-corp-tecd-continues-to-thrive-on-partnerships

Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtyvmtivmdcvmtavmdyvndkvntg0l0vudgvychjpc2ugcmvzb3vyy2ugcgxhbm5pbmcgy29wes5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Infor launches new mobile solution

2016-12-07 09:00:00 +0000

Infor, one of the global leaders in enterprise resource planning (ERP) software, has revealed that it is launching a new mobile solution. The company, which has focused on developing specialised business applications for a variety of industries, unveiled Infor Mobility for Field Service (MFS). The solution is a comprehensive mobility application that can streamline operations for employees working in the field. To ensure that field technicians are provi...

W1siziisijiwmtyvmtivmdyvmdkvmjcvmtavnze4l2nsb3vkihrly2hub2xvz3kgc2vydmljzxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

AI continues to infiltrate cloud computing se...

2016-12-06 09:00:00 +0000

With Google and Microsoft both already working on artificial intelligence (AI) software for their cloud services, it has been revealed that Amazon is now to join the battle. The internet giant is to prioritise developing AI for Amazon Web Services (AWS), the division that sells data storage and computing to IT professionals around the world. AWS is currently the fastest-growing division for Amazon, with the past year having seen sales soar by 60 per cen...