CLEARWATER, Fla., March 11, 2013 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD), a leading distributor of IT products and services, today announced its ranking as a "World's Most Admired Company" by FORTUNE magazine for the fourth straight year. Committed to excellence in distribution, Tech Data is the highest-ranked end-to-end distributor in the Wholesalers: Electronics and Office Equipment category, ranking third overall in the sector.
"I am pleased to recognize our dedicated team of more than 9,000 employees around the world for our inclusion on this prestigious list for the fourth straight year," said Bob Dutkowsky, chief executive officer at Tech Data. "Our team's continued strategic focus on execution, diversification, and innovation has helped us navigate challenging global environments and deliver results for our customers, vendor partners and shareholders. We also remain committed to serving the communities in which we operate and creating an environment of growth and engagement for our people."
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 3,800 company executives, directors, and industry analysts. Companies are ranked by nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services and global competitiveness. 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 687 companies from 30 countries were surveyed.
The 2013 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 18, 2013 issue. 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 120,000 resellers in more than 100 countries to efficiently and cost effectively support the diverse technology needs of end users. Tech Data generated $25.4 billion in net sales for the fiscal year ended January 31, 2013, and is ranked 109th on the Fortune 500®. To learn more, visit www.techdata.com.
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Source:Tech Data Corporation