Tech Data Corporation announced unaudited consolidated earnings results for the first quarter and twelve months ended April 30, 2018. For the quarter, the company reported net sales of $8,548.3 million compared to $7,023.6 million a year ago. Operating income (GAAP) was $70.5 million compared to $75.1 million a year ago. Operating income (Non-GAAP) was $124.1 million compared to $123.2 million a year ago. Net income (GAAP) was $33.7 million compared to $30.7 million a year ago. Net income (Non-GAAP) was $70.8 million compared to $70.1 million a year ago. EPS - diluted (GAAP) was $0.87 compared to $0.82 a year ago. EPS - diluted (Non-GAAP) was $1.84 compared to $1.87 a year ago. Income before income taxes was $42.5 million compared to $44.5 million a year ago. Net cash used by operations during the quarter was $567 million.

For the twelve months ended April 30, operating income was $405,497,000 compared to $314,422,000 a year ago. Non-GAAP operating income was $603,559,000 compared to $404,583,000 a year ago.

For the three months ending July 31, 2018, the company expects earnings per share - diluted to be in the range of $1.13 to $1.43. Non-GAAP earnings per share - diluted to be in the range of $1.95 to $2.25. The company anticipates worldwide net sales to be in the range of $8.6 billion to $8.9 billion. For the quarter, and the fiscal year ending January 31, 2019, the company anticipates its effective tax rate will be in the range of 25% to 27%.