IT products distributor Tech Data (TECD +0.6%) is outperforming after reporting FQ2 revenue of...

|About: Tech Data Corporation (TECD)|By:, SA News Editor

IT products distributor Tech Data (TECD +0.6%) is outperforming after reporting FQ2 revenue of $6.45B (+18% Y/Y) and EPS of $1.10, beating consensus by $320M and $0.14. The company is authorizing a new $100M share repurchase program. It expects "mid-single digit organic sales growth" in both the U.S. and Europe in FQ2.