Tech Data's European operation has shrugged off an increasing sense of malaise in the IT market to grow its second quarter sales 30% - 14% on a Euro basis - to $3.75bn (£2.28bn), well over half of the distributor's global revenues.
CEO Robert Dutkowsky said the firm's "strategic focus on execution, diversification and innovation, together with our resilient business model" was behind 18% worldwide growth in sales to $6.45bn.
Operating income at the broadliner ticked up 20% to $78.8m, while net income was up 23% compared to Q2 2011, coming in at $50.1m.
In a statement put out today, Dutkowsky took an optimistic line, saying the firm expected to turn in mid-single digit growth in organic sales in both its EMEA and American divisions during the third quarter.
"We believe we will continue to make progress on our three-year operating margin target of exceeding 1.5%, before stock compensation expense, in fiscal 2013," the CEO added.