Climbing 118 positions to place 201st, the 2001 listing is Tech Data’s third consecutive appearance since the list debuted in 1999. The company is the only broad-line technology distributor to be named to the Platinum 400, which appears in the Jan. 8 issue of the magazine.
Companies named to the Forbes Platinum 400 are chosen for their long- and short-term return on capital, growth in both sales and earnings as well as other financial metrics. Forbes describes Platinum companies as showing an innate ability to adapt to change; a hunger to innovate and go against the grain; resiliency in a down industry and amid doubts on Wall Street; and a relentless will to be miserly even in boom times.
Tech Data’s rapid rise in the Forbes Platinum 400 is a testament to the skill of our management team and the dedication of our employees worldwide, said Steven A. Raymund, Tech Data chairman and chief executive officer. Through their commitment and support, we’ve been able to consistently outperform competitors and respond appropriately to changing market conditions – enabling us to deliver superior results for our business partners, customers and shareholders.
