CLEARWATER, Fla., Feb. 19, 2015 (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 sixth straight year. The World's Most Admired list is compiled on behalf of FORTUNE by the Hay Group, a global management consulting firm, through surveying more than 4,100 company executives, directors, and securities analysts. Tech Data ranked fourth overall in the Wholesalers: Electronics and Office Equipment category.
"In the past year, Tech Data celebrated its 40th anniversary in business, a milestone that was made possible by the tremendous efforts and dedication of our more than 9,000 employees worldwide," said Bob Dutkowsky, chief executive officer at Tech Data. "It is the strength of our people—the best and brightest in the industry—that will propel us forward into the next 40 years and beyond. We share this honor with our customers, vendor partners and with our shareholders. We congratulate our team for making Tech Data one of the 'World's Most Admired' companies for the sixth straight year."
FORTUNE's Most Admired list is the definitive report card on corporate reputations. Companies are ranked by nine key attributes, from investment value to social responsibility. The Hay Group compiled its data from approximately 1,400 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 668 companies from 29 countries were surveyed.
The 2015 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, 2015 issue, which will be available February 23 on newsstands. In addition to FORTUNE's list of the Most Admired Companies, Tech Data is ranked #111 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 115,000 resellers to efficiently and cost effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $26.8 billion in net sales for the fiscal year ended January 31, 2014. It is ranked No. 111 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.
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Source:Tech Data Corporation