CLEARWATER, Fla., Feb. 28, 2014 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD), one of the world's largest distributors of IT products and services, today announced that it has been named a "World's Most Admired Company" by FORTUNE magazine for the fifth straight year. 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. Tech Data ranked fourth overall in the Wholesalers: Electronics and Office Equipment category.
"It is an honor to be named to this prestigious list for the fifth straight year, exemplifying our team's continued commitment to the success of our customers, vendor partners, shareholders, and each other," said Bob Dutkowsky, chief executive officer at Tech Data. "With more than 9,000 employees worldwide, we are committed to providing our channel partners with an industry-best customer experience while fostering a work environment that promotes diversity and inclusion. I am proud to once again congratulate our team for making Tech Data one of the 'World's Most Admired' companies."
FORTUNE's Most Admired list is the definitive report card on corporate reputations. Companies are ranked by nine key attributes, from investment value to social responsibility. 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 692 companies from 30 countries were surveyed.
The 2014 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 February 27, 2014 issue. In addition to FORTUNE's list of the Most Admired Companies, Tech Data is ranked #119 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 No. 119 on the Fortune 500®. To learn more, visit www.techdata.com, or follow us on Facebook and Twitter.