The IT distie titan reported group sales of $6bn, up one per cent year-on-year for Q1 ended 30 April; revenues in the Americas and Europe were up two and one per cent respectively to $2.4bn and $3.6bn.

The Americas pursued the right mix of business, gained select market share and deselected less profitable business .

The exec said the US team has moved technical and field sales folk to higher growth areas of cloud, supply chain and unspecified services.

Tech Data's growth in Europe during recent quarter was in the mid-single digit range, so the latest numbers represent a slowdown.

Operating expenses jumped to $246m from $209m but this was almost entirely related to a $38.5m settlement from LCD vendors for price fixing that was paid to Tech Data in Q1 of fiscal 15.

This caused a drop in operating profits, which slipped to $52.5m from $81.9m.

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