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 CLEARWATER, Fla., Oct. 14 /PRNewswire/ -- Tech Data Corporation (NASDAQ: TECD) , a leading distributor of personal computer products, announced today that its fiscal year-to-date sales have exceeded $1 billion for the first time in the company's 19-year history.
 "Reaching this milestone is a tribute to every individual at Tech Data," commented Steven A. Raymund, the company's chairman and chief executive officer. "Our employees have made this achievement possible through hard work and an unwavering commitment to high quality customer service."
 Raymund noted that sales have been particularly strong during the company's third quarter which ends Oct. 31. "We had anticipated sales growth of 40 percent to 45 percent for the third quarter, and our projections now indicate that we will be at the top of that range."
 Industry analysts project sales to exceed $1.4 billion for the company's current fiscal year which ends Jan. 31, 1994. Sales for the company's previous fiscal year totaled $979 million.
 To help keep pace with its growth, Tech Data recently began development of a new three-story office building at its Clearwater headquarters campus. The 70,000-square-foot facility is scheduled for completion in late spring 1994, and occupancy is slated for early summer. Tech Data expects to add more than 300 employees during its current fiscal year.
 Tech Data Corporation is a leading distributor of personal computer products throughout the United States, Canada, Latin America and the Caribbean. The company offers comprehensive product lines in software, networking and communications, mass storage, peripherals, and computer systems. In addition to a wide range of products, Tech Data provides extensive pre-sale and post-sale training, service and support. Tech Data serves more than 35,000 value-added resellers and retail dealers its 11 distribution centers across the North America.
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 /CONTACT: Jeffery P. Howells, senior vice president and chief financial officer, 813-538-7825, or Arthur W. Singleton, treasurer and secretary, 813-538-7083, both of Tech Data/

CO: Tech Data Corporation ST: Florida IN: CPR SU:

AW-JV -- FL014 -- 2450 10/14/93 16:56 EDT
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Publication:PR Newswire
Date:Oct 14, 1993

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