Many developments point toward a new era of productivity and success for the company.
During the second quarter gross margins increased sequentially for the first time in nearly two years. We recently introduced a powerful e-procurement solution that gives Tech Data customers the ability to automate the entire requisition and order management process via the Web. Our achievements continue to receive industry accolades. This year the company ranked highest among its competitors and 10th overall in revenue, up 14 places from last year. In August, CIO magazine recognized our innovative and outstanding customer relationship management advances by selecting the company for its prestigious CIO 100 listing.