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HP2-K31 Technical Introduction to the HP Storage(R) SMB Portfolio

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HP2-K31 exam Dumps Source : Technical Introduction to the HP Storage(R) SMB Portfolio

Test Code : HP2-K31
Test title : Technical Introduction to the HP Storage(R) SMB Portfolio
Vendor title : HP
exam questions : 98 actual Questions

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HP Technical Introduction to the

HP sells one thousandth HP Indigo series four Press | actual Questions and Pass4sure dumps

The HP Indigo 12000 HD has reached 50 installations global, including the simultaneous purchase of five units by Smartpress. The 29 inch (75 cm) wide series 4 press platform additionally comprises the oversized B1 HP Indigo 50000 for trade and image printing, HP Indigo 20000 for labels and versatile packaging, and HP Indigo 30000 for folding cartons.

Ryan Printing a novel York, US, print provider provider, became diagnosed because the a thousandth global setting up of an HP Indigo sequence four press with its buy of an HP Indigo 12000 HD Digital Press.  “The Indigo 12000 HD may live a perfect apt for their longer and massive-measurement digital runs and their shorter traditional offset jobs, and may help permit us to open up novel markets and capabilities,” referred to Al Ryan, owner and regularly occurring supervisor, whose novel press will extend production alongside its HP Indigo 7800.

additionally, HP Indigo’s slender-web collection three labels and packaging presses, including the HP Indigo 8000 and HP Indigo 6000 collection, occupy reached 1500 installed instruments. simultaneous HP Indigo labels and packaging momentum comprises:

“supplying 1000 presses to valued clientele in 65 countries is an exhilarating milestone. The introduction of the HP Indigo B2 platform at drupa 2012 set the stage for a massive disruption in printing, prompting print carrier suppliers to reevaluate their groups,” Alon Bar-Shany, customary supervisor, HP Indigo, HP Inc., observed on the annual HP Indigo 2019 world consumer experience, showcasing HP’s latest digital press portfolio and trade alternatives for growth purposes. “these days, adopters of HP Indigo applied sciences are having fun with double-digit enlarge because of their relentless accommodate to innovate and print distinctive.”


  • continued adoption of the incredibly productive HP Indigo 8000 Digital Press, enabling label valued clientele to cost readily transmute medium and long runs from flexo to HP Indigo. “The HP Indigo 8000 is a powerful combination of awesome productivity with in require HP Indigo print fine. The 8000 has delivered a profits hurry similar to three of their flexographic converting machine approaches,” eminent Rocky Rahija, CEO, Flextec.
  • Pack equipped Laminator by Karlville, a pioneering know-how extending the cost of bendy packaging printing on HP Indigo digital presses, is gaining traction with eight consumer installations international.  providing a perquisite away time-to-market solution for bendy packaging converters, Pack capable uses an adhesive-free lamination movie that can meet global food packaging defense standards.
  • Rootree’s launch of a 100% compostable packaging acknowledge in line with the HP Indigo 20000 Digital Press.  “We’ve made a dedication in the industry to deliver environmental attention in packaging through addressing the entire packaging lifecycle. With the HP Indigo 20000 Digital Press, we’re manufacturing packaging thoroughly made with a hundred% compostable movies with up to 75% much less dissipate than regular packaging manufacturing,” talked about Philippe St-Cyr, common manager, Rootree.
  • bendy packaging converters setting up vast fleets of HP Indigo 20000 digital presses, together with a complete of 28 contraptions at ePac in the US and eight with LVAI in China.
  • greater than 650 guests, including valued clientele, companions and print trade analysts, joined the February eleven-14, 2019 adventure at HP Indigo’s headquarters, production and R&D websites to live inspired via novel technologies and shoppers and brands sharing enlarge reviews.

    “Two years ago, they produced 180 jobs a day and final 12 months 540 jobs a day. This year, we're averaging 5800 with some days peaking at around 30000. How else may you convey that with out an acknowledge enjoy PrintOS website move,” talked about Jon Bailey, chief government, ProCo, UK.

    picture printer Albelli is enjoying novel stages of productiveness with its HP Indigo 50000 Digital Press. “Albumprinter is now able to printing digitally in the B1 layout, double-sided. This format opens up a brand novel world of applications, and imposition efficiencies, which are not feasible on any other Indigo press,” talked about Tristan funds, chief government, Albelli, The Netherlands.

    carrying on with its hallmark subculture of innovation, at the experience, HP Indigo showcased its most recent technologies to expand utility latitude, reminiscent of novel inks, embellishment and picture solutions. Highlights blanketed:

  • Introduction of HP Indigo ElectroInk handy release, the world’s first digital acknowledge for scratch-off functions, most advantageous for lottery playing cards and gaming functions.
  • Kurz DM-Liner digital foiling gadgets built-in with the HP Indigo 6900 digital narrow net press and preempt with HP Indigo B2 sheetfed printing.
  • HP Indigo ElectroInk Silver for industrial print, now in customer trying out at Truyol, Spain, offering a wide gamut of metallic shades, saving the want for expensive steel substrates while boosting high-cost trade opportunities for PSPs.
  • HP Indigo security and brand protection options together with ElectroInks Invisible Yellow and Blue – inks handiest seen beneath UV mild.
  • excessive opacity premium White ElectroInk, now launching for the HP Indigo 7900 Digital Press and commercially accessible for the HP Indigo 20000 Digital Press, providing the widest orbit of opacities in a solitary print process, including repercussion and increasing productivity by using much less ink to obtain excessive opacity.
  • a novel picture profile for ElectroInks – the usage of smooth black and black ElectroInks (KKLLK) sets a novel common for professional nice image printing by way of developing powerful distinction with spectacular highlights.
  • HP SmartStream Collage, a novel variable facts lifelike expertise that manipulates points randomly for limitless company affect together with logos and symbols, developing novel design consequences for lots of commercial, packaging and specialty gadgets. The introduction of HP SmartStream Collage initiatives is now simplified by way of PrintOS Composer and its cloud-platform processing power.
  • A silver halide alternative acknowledge with the HP Indigo 12000 HD providing greater flexibility and versatility, whereas helping HP Indigo shoppers digitalize their creation flooring and profile the future of their company.
  • a photograph enhancement acknowledge from Memador optimizes and automates picture book advent with algorithms for kisser grouping, kisser detection and extra.
  • at the international event, HP Indigo additionally demonstrated solutions to assist maximise press efficiency and automate the creation of thousands of jobs per day, together with:

  • a novel DFE version, HP SmartStream creation seasoned 7.1, aiding a fully automatic workflow for preparing more jobs quicker and automating pre-press actions, together with a super-quick pixel degree viewer.
  • automatic Alert Agent (AAA), a utensil that scans each print and compares it to the customary file, enabling automatic reprinting of flagged jobs devoid of cutting back press velocity, ensuring the highest stage of print best.
  • PrintOS OEE (average machine Effectiveness) enabling PSPs to uncover opportunities for bettering operations, reducing extra time, and saving costs whereas increasing press utilization.
  • PrintOS colour Beat for automated colour manage and colour excellence.
  • 1-in accordance with IDC market share facts, Q3, 2018.

    Amazon stops promoting its clickable sprint buttons that may immediately reorder every miniature thing from detergent to condoms | actual Questions and Pass4sure dumps

    Amazon stops promoting its clickable dash buttons that could immediately reorder every miniature thing from detergent to condoms
  • Amazon will discontinue the gadgets, which let clients re-order gadgets with a faucet
  • The dash buttons had been attainable for bulk gadgets enjoy toilet paper and detergent
  • existing sprint button users can still plot orders through the button on Amazon
  • Amazon talked about it has moved to digital dash buttons and voice-primarily based shopping 
  • Amazon's wacky plastic sprint buttons are being discontinued. 

    The e-commerce large announced it is going to not sell the contraptions, which let clients re-order their favorite gadgets with the rush of a button. 

    sprint buttons were accessible for essentially each family detail possible, ranging from condoms and printer ink to Pop truffles and pet food. 

    Scroll down for video 

    Amazon's plastic dash buttons are being discontinued. The web vast introduced it is going to not promote the gadgets, which let clients re-order their favourite gadgets with the rush of a button


    The dash Buttons can live positioned on surfaces across the condominium, and when a consumer sees supplies working low, they press the button to fabricate an order.

    expenditures are the very as these on, with free birth for best members.

    As quickly because the order is positioned, clients assemble a cellular notification, telling them the delivery date and cost.

    And if they don't appear to live joyful with this tips, they can alter or cancel the order. 

    while Amazon isn't any longer promoting them on its site, loyal dash users may live relieved to grasp that the firm will still aid orders made through current buttons, in accordance with CNET.   

    The enterprise observed it determined to convey dash buttons to an conclusion as they're no longer central in comparison to modern browsing technology, which has generally improved in its comfort, now including issues enjoy voice purchases.

    'considering the introduction of the sprint application, they now occupy persevered to travail on making the searching event effortless and simple, and in some cases, even evaporate for consumers,' Amazon said in a statement, in line with GeekWire. 

    '...we've determined to shift the dash application hub of attention - as of February 28, sprint Button features are no longer accessible for buy on Amazon globally.'

    Amazon has began offering virtual dash buttons, which may moreover live accessed by way of the Amazon app, its display-fitted echo exhibit and different instruments. 

    'we've got moreover considered consumers more and more the exhaust of courses enjoy Alexa shopping, which offers a hands free looking journey, and Subscribe & save, which lets customers automatically acquire their favourite objects every month,' the enterprise added. 

    dash buttons had been purchasable for essentially each family unit merchandise imaginable, ranging from condoms and printer ink to Pop brownies and dog food. Dozens of brands had dash items

    whereas Amazon is not any longer promoting them on its site, loyal dash users may live relieved to grasp that the company will nonetheless assist orders made through latest sprint buttons

    moreover, Amazon has its sprint Replenishment provider, which is an API for builders that allows them to comprise a button on their contraptions to instantly reorder gadgets. 

    as an example, a cat feeder with the API can determine when or not it's about to escape out of food and immediately plot an order for an additional container of cat food.  

    Whirlpool has added the API to its washing machines to instantly reorder detergent, together with other brands together with Samsung, GE, Brother, HP and Petcube, according to Amazon's website.  

    Amazon first introduced dash buttons in 2015 as a straightforward means for clients to re-up on their favorite bulk objects. 

    each and every button impregnate $5, but the first order blanketed a $5 coupon, making it just about free.  

    In lieu of actual dash buttons, Amazon has began offering digital dash buttons, which can moreover live accessed by the exhaust of the Amazon app, its reveal-fitted echo demonstrate and different instruments

    Over time, the enterprise made dash buttons accessible for hundreds of thousands of products throughout dozens of brands, including Bounty, Tide, Huggies, Heineken, Olay and greater.

    one of the most widespread gadgets bought via dash Buttons consist of necessities corresponding to bathroom roll, cat meals, washing drugs, cat litter, dishwasher tablets and child wipes. 

    As quickly because the order is positioned, shoppers assemble a cell notification, telling them the rise date and value.

    And if they aren't joyful with this tips, they can adjust or cancel the order.         


    Milestone techniques unveils novel know-how accomplice software, Milestone marketplace | actual Questions and Pass4sure dumps

    The world video administration trade is seeing innovation enjoy certainly not before, developing novel opportunities that transform the manner video administration expertise is used - no longer most effective to give protection to americans and assets, however additionally to assist optimise trade and enrich the way americans live and work.

    Milestone market

    Milestone programs’ open platform makes these improvements effectively accessible to consumers - integrators, consultants and end-valued clientele - enabling the trade to build clever options collectively and extend their reach.

    Milestone marketplace is a centralised skills hub for the industry

    Milestone marketplace allows the Milestone know-how partners to market their functions, hardware or services easily. With Milestone market, they assemble international reach, are uncovered to the current ground of greater than 150,000 client installations and may readily connect with Milestone gadget’s global network of heaps of companions. Integration partners, consultants and conclusion-shoppers assemble an overview of the giant variety of functions, hardware and services proven to travail with Milestone XProtect.

    Centralised competencies hub 

    Milestone market is a centralised talents hub for the business, together with installation guides, demos, and different primary documentation which occupy by no means before been attainable to the industry in a solitary region.

    “With Milestone market, they open up the innovation power of their group of buyers and marketers. Milestone marketplace enables their know-how companions to grow their corporations during the world Milestone methods community. at the identical time, Milestone market helps simplify complicated decisions for their gear integrators and conclusion-clients, who receives entry to a wealthy and devoted substances pool from which they can build video management options,” says CMSO Kenneth Hune Petersen, Milestone methods. Milestone marketplace will extend with novel areas within the years to return.

    Leveraging accomplice neighborhood's potential

    the novel software moreover enables partners to benefit from a vast orbit of advertising resources and actions"

    To live a fraction of Milestone marketplace, expertise partners deserve to live fraction of Milestone techniques’ novel know-how partner software – a program that offers functions, hardware and features that complement and lengthen the Milestone XProtect video administration platform. The application empowers gear integrators to design and deliver resourceful video-enabled options to end-consumers, and helps partners determine the replete potential and opportunities of video management expertise.

    With the expertise accomplice program, Milestone systems wants to leverage the replete potential of its associate community by enabling expertise partners to market validated expertise offerings along side the world community of installers and their customers.

    merchandising via Milestone industry

    “With the introduction of the brand novel know-how accomplice application, they want to stimulate and pressure co-innovation, permitting companions to determine know-how synergies with the open XProtect video administration platform. This allows for technology companions to build joint technology choices that wield specific trade or useful needs utilising the core video capabilities of the XProtect video administration platform."

    "the brand novel software moreover allows for companions to edge from a vast orbit of advertising elements and activities, including promotion through Milestone market,” says Kenneth Hune Petersen.

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    Nexenta Extends champion for VMware Environments via VMware Virtual SAN 6.2 | actual questions and Pass4sure dumps

    SANTA CLARA, Calif.--(BUSINESS WIRE)--Nexenta (@Nexenta), the global leader in Open Source-driven Software-Defined Storage (OpenSDS) today announced the company has extended its champion of VMware Hyper-Converged Software environments via interoperability with VMware’s newly announced Virtual SAN 6.2. NexentaConnect for VMware Virtual SAN provides file services for VMware Virtual SAN environments by adding NFS and SMB access on top of an existing Virtual SAN to complete the software hyper-convergence model.

    Nexenta, in partnership with VMware, has moreover extended its exclusive promotion, allowing any validated VMware Virtual SAN customer to achieve file services via NexentaConnect. The promotion is available through June 30, 2016 and includes a NexentaConnect for VMware Virtual SAN license, unlimited raw storage capacity to match VMware Virtual SAN licenses and day-zero Nexenta technical champion for 12 months.

    “The introduction of VMware Virtual SAN 6.2 is yet another illustration of VMware’s commitment to driving innovation in virtualized environments,” said Thomas Cornely, Chief Product Officer at Nexenta. “VMware provides an pattern platform for their software-defined solutions, and together, they are delivering flexibility, simplicity and lower cost of ownership for the software-defined data center.”

    VMware Virtual SAN is an enterprise-class, policy-driven storage solution for hyper-converged infrastructure optimized for vSphere virtual machines, delivering an efficient and cost-effective operational model. VMware Virtual SAN 6.2 will build upon these benefits by further lowering the cost of high-performance, all-flash hyper-converged infrastructure solutions with novel space efficiency features that comprise data deduplication, data compression and erasure coding.

    “We occupy been impressed by Nexenta’s dedication to delivering unparalleled technical champion and their competence to leverage their existing VMware environments,” said Igor Tsinovoy, IT Specialist at SCIEX. “NexentaConnect for VMware Virtual SAN provided a cost-effective, high-performance solution to meet their storage needs in supporting intricate science and research labs.”

    "With VMware Virtual SAN and Nexenta's plugin for file services they were able to deploy a complete hyper-converged solution. They scrutinize forward to continuing their cooperation with Nexenta as they expand their software-defined storage portfolio," said Yuri Andamasov, CIO at Sentrium.

    Nexenta’s champion for VMware ecosystems extends beyond NexentaConnect for VMware Virtual SAN, offering VMware interoperability across its entire OpenSDS portfolio. NexentaStor, the company’s flagship SDS solution, offers vSphere APIs for Array Integration (VAAI) champion and multi-tenant management with a vCenter Server Plug-in for vSphere. NexentaEdge offers scale-out shroud storage with inline deduplication and compression for OpenStack and VMware vSphere.

    “Nexenta joins us in providing organizations with the freedoms that virtualized environments allow,” said Howard Hall, senior director, Global Technology partner Organization, VMware. “Coupled with their enhanced VMware Virtual SAN solution, NexentaConnect will strike the balance of high-performance and low cost that enterprise data ecosystems demand.”

    Tweet this: .@nexenta extends promotion and champion for @VMware environments via #NexentaConnect integration with Virtual SAN 6.2 #OpenSDS #OpenSDx

    About Nexenta

    Nexenta is the global leader in Open Source-driven Software-Defined Storage (OpenSDS) with 6,000+ customers, 400+ partners, 46,000+ community members, 40+ patents, and 1,400+ petabytes of storage capacity under management. Nexenta has redefined the storage industry via its unique dual leadership in Open Source community collaboration and Software-Defined Storage innovation. Nexenta OpenSDS solutions are "100% Software." Nexenta supports any app-, cloud-, protocol-, and hardware-platform; providing organizations with the "Total Freedom" to fight against predatory vendor lock-in. Nexenta provides organizations with the benefits of Software-Defined Everything-centric Cloud Computing – from data centers to remain users; from the infrastructure to apps. Nexenta enables the widest variety of legacy, Windows, web, virtual, and cloud-native apps; supporting any moneyed media-driven Mobile and companionable Living, Internet of Things, vast Data-driven Commercial Off The Shelf (COTS) and/or Do-It-Yourself (DIY) Cloud deployment – from Private and Public to Hybrid Clouds. Founded around an "Open Source” platform and industry-disrupting vision, Nexenta delivers its award-winning "software-only unified storage management" solutions with 24x7 consulting, service, support, and a global partner network, including Cisco, Citrix, Dell, Docker, HP, Micron, OpenStack, Quanta, SanDisk, Seagate, Supermicro, VMware, Western Digital, Wipro, and many others. Nexenta: 100% Software. Total Freedom. all Love.

    For more information, visit,, Twitter, Facebook, LinkedIn and YouTube. Also, download the newly published Nexenta Special Edition Software Defined Data Centers (SDDC) for Dummies eBook.

    Nexenta, NexentaStor, NexentaConnect, NexentaEdge and NexentaFusion are trademarks or registered trademarks of Nexenta Systems Inc., in the United States and other countries.

    VMware, Virtual SAN, vSphere, vCloud, and vCloud Air are registered trademarks or trademarks of VMware, Inc. or its subsidiaries in the United States and other jurisdictions. all other marks and names mentioned herein may live trademarks of their respective companies. The exhaust of the word “partner” or “partnership” does not imply a legal partnership relationship between VMware and any other company.

    Tech Data Corporation (TECD) CEO Richard Hume on Q3 2019 Results - Earnings summon Transcript | actual questions and Pass4sure dumps

    No result found, try novel keyword!These results reflect a powerful combination of their end-to-end portfolio ... both SMB and enterprise customers that can help them to develop, expand and accelerate their cloud practices. During fiscal ...

    Tech Data Corporation (TECD) Q3 2019 Earnings Conference summon Transcript | actual questions and Pass4sure dumps

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    Tech Data Corporation (NASDAQ: TECD)Q3 2019 Earnings Conference CallNov. 29, 2018, 9:00 a.m. ET

    Good morning. Welcome to Tech Data Corporation's Fiscal Year 2019 Third Quarter Earnings Conference Call. At this time, all participants are in listen-only mode. After the presentation, they will conduct a question-and-answer session. To interrogate a question, delight press "*1". Today's conference is being recorded. If you occupy any objections, you may disconnect at this time.

    Now, I'll circle the meeting over to Arleen Quinones, Corporate Vice President of Investor Relations. Ma'am, you may begin.

    Thank you. trustworthy morning and welcome to Tech Data's Earnings Conference summon and Webcast to review their fiscal results for the third quarter of fiscal year 2019. I am joined this morning by moneyed Hume, Chief Executive Officer, and Chuck Dannewitz, Executive Vice President, Chief fiscal Officer.

    For a circumstantial scrutinize at their third quarter results, delight review their fiscal highlights summary skid presentation posted this morning on the IR portion of their website, located at Unless otherwise specified, all growth comparisons made on today's summon relate to the corresponding age of the previous fiscal year.

    Before they begin, I would enjoy to remind all listeners that today's earnings press release and inescapable matters discussed on this summon may comprise forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on the company's current expectations and are topic to risks and uncertainties. These risks and uncertainties include, but are not limited to, those factors identified in the press release and in their filings with the Securities and Exchange Commission and their most recent annual report on profile 10-K, which identify risk factors that could cause actual results to differ materially from those contained in the forward-looking statements.

    Please live advised that the statements made during today's summon should live considered to limn the expectations of management as of the date of this call. The company undertakes no duty to update any forward-looking statements to actual results or changes in expectations.

    Also, throughout this conference call, they will reference both GAAP and non-GAAP fiscal measures. Non-GAAP measures exclude inescapable items contained in their GAAP fiscal results. circumstantial reconciliations between results reported in accordance with GAAP and non-GAAP fiscal measures can live create in the press release and on the Investor Relations portion of the company's website.

    In addition, this summon is the property of Tech Data and may not live recorded or rebroadcast without specific written permission from the company.

    Thank you, Arleen, and trustworthy morning, everyone, and thank you for joining us today. I am pleased to report that their teams delivered a tenacious Q3 performance with powerful execution across all three regions. Worldwide sales grew 11% to $9.3 billion and they achieved elevated double-digit non-GAAP operating income earnings-per-share growth. all three regions posted double-digit growth in constant currency and expanded their operating margins. In addition, they generated $155 million in cash from operations, they earned a return on invested capital of 12%, paid down $100 million in debt, and returned $44 million to their shareholders through share repurchases.

    The combination of tenacious economies and employment levels, as well as the exigency for businesses of all sizes to digitally transform and help productivity, continued to drive robust IT demand. Their worldwide teams capitalized on these trends and delivered profitable growth throughout their geographies and across their solutions portfolios. These results reflect the powerful combination of their end-to-end portfolio and tenacious execution by their global teams. They moreover validate the strategic role they play in the IT supply chain, delivering elevated value through their end-to-end portfolio to channel partners across a broad spectrum of IT products and solutions.

    On eventual quarter's call, I mentioned the major integration milestones are now behind us. They are now squarely focused on executing their four-pillar strategy of investing in next-generation technologies, strengthening their end-to-end portfolio, transforming Tech Data digitally, and optimizing their global footprint. Their strategy's theme can live summarized in four simple words: poignant to higher value.

    This can live accomplished in a number of ways, including helping to bring the newest and most innovative technologies to the global market as efficiently and as quickly as possible. It moreover means poignant up the stack, adding more value to the products they sell by bundling them with various services to provide complete solutions. all this translates into an improved fiscal profile.

    As technology transitions to hybrid environments in which physical and virtual computing coexist, their vendors and customers exigency their help more than ever to assemble products, solutions, and capabilities to the market. It's pellucid that cloud creates greater exigency for integration of products, for multi-vendor solutions, and for simplifying the complex, all of which are hallmarks of Tech Data's value proposition in both the physical and virtual worlds.

    For the past 40+ years, they occupy transformed and adapted to changes in technology, all while becoming stronger and more essential to both partners and vendors. As they hurry into the future, having the perquisite digital platforms will live faultfinding in achieving this. So, I'd enjoy to provide you with some insights on their cloud trade and the StreamOne digital platform which supports it.

    Cloud continues to live one of the fastest growing areas in their business. In Q3, their cloud billings grew 38% and now limn an annual escape rate of nearly $1 billion. As you know, we've been investing in their StreamOne platform. In fact, developing the platform has been their solitary largest organic investment.

    StreamOne provides their customers with the capability to manage the entire end-user lifecycle for consumption and subscription-based cloud services, including tools and resources that enable channel partners to buy and manage services. Tightly integrated with other offerings from the world's leading cloud providers, such as Microsoft Azure, AWS, and IBM Cloud, among many others, StreamOne provides a digital platform for both SMV and enterprise customers that can help them to develop, expand, and accelerate their cloud practices.

    During fiscal 2019, they will occupy added more than 200 highly technical resources to their cloud teams across the regions. These colleagues are dedicated to increasing their sales, digital solutions, engineering support, and services capabilities. In addition, they continued to invest and add resources to expand StreamOne's capability to broaden their reach, accelerate innovation, and fabricate the intricate simple by fully digitizing the end-to-end transactional process.

    Last month, they announced the introduction of Agile methodologies to their Cloud exercise Builder, their digital enablement utensil that helps customers of all sizes to develop and scale their cloud practices quickly and cost-effectively. To complement this, they moreover launched a cloud mentor program in which resellers can gain digital access to cloud experts and support. And just eventual week, they announced the addition of Cloud Checker and Analytics Management to the StreamOne platform, giving their partners and their end-user customers greater control of their AWS and Azure environments.

    Enablement tools such as these, together with their StreamOne platform and the vast ecosystem of vendors, ISVs, and solution providers, differentiate us in the market and help to simplify their partners' workloads. all of this positions us to live the leading hybrid cloud solution aggregator by providing integrated private and public cloud technologies as a service solution.

    As further evidence of their strategic position in the channel, earlier this month, Tech Data received Cisco's Distributor of the Year award and they were moreover named CDW's Distribution partner of the Year for the third consecutive year. These awards reflect their competence to deliver consistent value to their channel partners, value that is simply not measured in products and solutions that they delivered but, more importantly, measured by the people of Tech Data and their intense commitment and zeal to help their channel partners navigate the rapidly changing IT ecosystem and grow their businesses.

    In summary, their third quarter results demonstrate that their differentiated end-to-end portfolio, skills, and capability are helping to expand their position as a preferred partner to the world's leading technology vendors and to serve their customers better than any other IT distributor. They moreover disclose the enhanced fiscal profile of the novel Tech Data, delivering tenacious earnings growth, generating cash flow, and return on invested capital. As they scrutinize ahead, they will remain disciplined in managing their growth and pursuing opportunities aligned with their strategy of poignant to higher value.

    In champion of this, we're focused on the following. First, remixing their portfolios by de-selecting less profitable, capital-intensive businesses in order to enhance their fiscal profile and free up capital to invest in higher return opportunities. Second, continuing to optimize their cost structure in order to maintain their position as a low-cost, variable route to market. And, third, as powerful stewards of capital, we're focused on working capital management and cash generation in order to accelerate their strategy. Achieving this, they believe, will deliver industry-leading returns on invested capital and continue to create significant value for their shareholders.

    I'll now circle the summon over to Chuck for a circumstantial discussion of their Q3 financials and their outlook for Q4.

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    Thank you, Rich. trustworthy morning, everyone, and thank you for joining us today. As moneyed mentioned, they are very pleased with their Q3 results and with the tenacious execution throughout their regions.

    Worldwide sales came in ahead of the elevated remain of their guidance, reaching $9.3 billion, an enlarge of 11%, and 12% in constant currency. Worldwide extreme profit came in at $557 million, an enlarge of 6%. Worldwide extreme margin was 5.96% compared to 6.23% in the prior-year quarter. The year-over-year decline is primarily due to a higher blend of endpoint solutions, as well as a decline in the margin profile of advanced solutions. However, it's valuable to note that their continued focus on disciplined pricing and profitable sales resulted in a modest extreme margin improvement from Q2, their first sequential extreme margin improvement in five quarters.

    Non-GAAP SG&A expenses, which exclude $23 million of acquisition-related intangibles and amortization expense, decreased $22 million or 6%. As a percentage of sales, non-GAAP SG&A expenses declined 67 basis points. They want to highlight that included in SG&A is a $25 million benefit related to the collection of a previously reserved accounts receivable.

    Worldwide non-GAAP operating income was $188 million, up $52 million or 39%. Non-GAAP operating margin improved 40 basis points to 2.01%. Excluding the accounts receivable recovery, non-GAAP operating income increased by $27 million or 20% and non-GAAP operating margin improved 14 basis points, primarily due to the enhanced operating leverage from higher sales volumes.

    Our GAAP effective tax rate in Q3 was 2%. This includes a $24 million reduce in their provisional appraise of the one-time transition tax related to U.S. tax reform. This revised appraise is primarily due to further analysis of the earnings and profit of their strange subsidiaries and utilization of strange tax credits. They will finalize the amount of the one-time transition tax during their fourth quarter. Their non-GAAP effective tax rate in Q3 was 26%.

    Non-GAAP net income was $116 million, an enlarge of $40 million or 52%, and non-GAAP earnings per diluted share increased 51% to $3.02. The accounts receivable recovery favorably impacted net income by approximately $18 million, or $0.47 per diluted share.

    Turning now to their regional results, the Americas region posted excellent growth, with sales reaching $4.1 billion, an enlarge of 13%. The region's SMB sales division grew 23%, its 13th straight quarter of 20%+ growth. Sales were fueled by double-digit growth in PC systems, networking, storage, cloud, analytics, and hyperconverged products. The Americas' non-GAAP operating income was $125 million, an enlarge of $39 million or 46%, and as a percentage of sales, improved 68 basis points to 3.01%. The accounts receivable recovery favorably impacted the Americas' operating income by $25 million.

    Our European region moreover reported tenacious growth, with sales reaching $4.9 billion, an enlarge of 9% and 12% in constant currency. The growth in Europe was broad-based across the region, fueled by sales of notebooks, networking, storage, servers, cloud, and mobility. Europe's non-GAAP operating income grew to $66 million, an enlarge of 24%, and as a percentage of sales, improved 16 basis points.

    And in their Asia Pacific region, sales increased 6% to $282 million and 12% in constant currency, fueled by networking, servers, storage, and next-gen technologies. Non-GAAP operating income in Asia Pac grew 18% to $5 million, and as a percentage of sales, improved 17 basis points.

    Turning now to some of their balance sheet and cash flow metrics. The combination of their higher-velocity product blend and their teams' continued focus on working capital resulted in a cash conversion cycle of 18 days, equal to Q2 and lower by five days compared to the prior-year quarter. They generated $155 million of operating cash flow in Q3 and they exited the quarter with a cash balance of $646 million.

    During Q3, they paid off an additional $100 million of their long-term bank debt and they ended the quarter with a tenacious capital and liquidity profile. And for the trailing 12 months, they earned an adjusted return on invested capital of 12%, above their weighted just cost of capital of approximately 9%.

    In October, they announced a $200 million share repurchase program. In Q3, they purchased approximately 621,000 shares for $44 million at an just cost of $70.48 per share. We'll continue to maintain a disciplined approach in how they preempt their capital, investing in organic growth, accelerating their strategies through selective M&A, and returning cash to shareholders through share repurchases, the blend and pace of which will vary depending on the opportunities available in the market.

    And, finally, the amount and timing of the one-time cost and savings related to their global trade optimization program, which they announced eventual quarter, remain unchanged.

    Turning now to their guidance for the fourth quarter ending January 31, 2019, as they scrutinize ahead to the fourth quarter, they anticipate trustworthy require trends to continue, with sales to live in the orbit of $10.5 billion to $10.9 billion and non-GAAP earnings per share to live in the orbit of $3.90 to $4.20. This guidance assumes an effective tax rate in the orbit of 24% to 26%. This guidance moreover assumes an just U.S. dollar to Euro exchange rate of $1.15 to one Euro.

    We would now enjoy to open it up to questions. Operator?

    Questions and Answers:


    Thank you. They will now open the question-and-answer session. If you would enjoy to interrogate a question, delight press "*1" on your phone. You may press "*2" if you would enjoy to remove your question from the queue. For participants using speaker equipment, it may live necessary to pick up your handset before pressing "*". One moment, please, while they poll for their first question.

    Thank you. Their first question comes from the line of Matt Sheerin with Stifel. delight proceed with your question.

    Matthew Sheerin -- Stifel, Nicolaus & Co. -- Analyst

    Yes, thank you and trustworthy morning. My first question just regarding your tenacious revenue and your guidance, which looks seasonal, maybe a miniature bit below seasonal versus eventual year, but still trustworthy guidance in light of some macro concerns and moreover concerns with your biggest smartphone supplier, in terms of production cuts. So, where are you seeing the growth? And particularly on the commodity side, the client device side, are you continuing to view PC upgrade cycle? Any thoughts there?

    Rich Hume -- Chief Executive Officer

    Yes, Matt, trustworthy morning. This is Rich. Thank you for your question. As it relates to the quarter and the market, the require was very broad. So, as you know, they watch to scrutinize at their trade in segments of endpoint and advanced solutions and I would recount you that there was tenacious growth in both of those segments. I reflect that if they consume a scrutinize at this year, from my point of view, it's been a bit of an unprecedented year as it relates to demand. When I was sitting here at this time eventual year, they thought it could live marketing around 3% but it's far greater than that. And you all probably occupy your own estimates but I reflect it's north of 5%, 6% in total, which is quite big.

    Again, in my sustain in the past, there's always been shorts and longs when they view force in the market. But generally speaking, the force has been uniform. You could consume it by geography. Asia Pacific, Europe, North America, all occupy a fairly robust demand. And then even by product segment, the PC ecosystem stuff seems to live very strong, the data hub stuff in the novel technologies is strong, and then even some of the legacy categories of data hub occupy demonstrated force over the recent past. So, require fairly robust.

    Your question as it relates to Apple, in particular. So, as you know, it is a large fraction of their business. However, when you consume a scrutinize at that entire portfolio, phones are not the overwhelming fraction of the portfolio. We've got a trustworthy blend of all Apple represented there. And so they had a very trustworthy phone quarter in 3Q and they would anticipate that, as they scrutinize into 4Q, their forecast is their best judgment as to what we'll assemble done with the character of require that they are estimating in the market.

    Matthew Sheerin -- Stifel, Nicolaus & Co. -- Analyst

    Okay. Great. That's quite helpful. And then regarding your advanced solutions trade -- the tech solutions, the Avnet legacy business, if you will -- where it looks enjoy you did occupy some early hiccups. It sounds enjoy you're gaining traction. You talked about force in data center. Your vast competitor there, though, has been talking about significant share gains against you but it looks enjoy you're growing that business. Could you give us more granularity into what that trade is looking like, in terms of revenue escape rate and margin profile now?

    Rich Hume -- Chief Executive Officer

    Yeah, sure. Just to benign of reflect back for one moment, as you know, they had a data hub trade at Tech Data. They had acquired the TS asset and combined both of those entities. And as they had talked on the previous call, they were on an 18-month march of integration. And as you're on that 18-month march of integration, you're getting organizations in place, leadership in place, and getting the IT systems all sort of aligned and connected, etc. all of that is now behind us. And I fundamentally believe that, when you occupy the chance to disburse more time focused on the trade and not having to worry about bringing these two things together, it just adds more management time around the execution.

    I would recount you that that trade grew elevated single-digit in total. It would live both the legacy Tech Data trade as well as the TS business. And they feel very trustworthy about how they compete in the market. Things could ebb and flow over time but they enjoy their hand, they enjoy their portfolio, and we're out in the market competing and they reflect they can enact so in a pretty effective manner.

    Matthew Sheerin -- Stifel, Nicolaus & Co. -- Analyst

    Okay. Thank you very much.


    Our next question is from the line of Adam Tindle with Raymond James.

    Adam Tindle -- Raymond James -- Analyst

    Okay. Thanks and trustworthy morning. I just wanted to start on profit dollar growth. I know that's a key focus. The double-digit operating profit dollar growth we're seeing in the back half of the year is pretty stark when they compare it to the declines of one of your primary value competitors that they're seeing in the ECS business. So, I'm hoping, first, you can maybe palpate on the variation of what you're executing versus your competitors. And, second, is the double-digit operating profit dollar growth something you reflect you could sustain? Because I reflect you mentioned de-selecting business. So, maybe just talk about the buckets to sustaining this double-digit operating profit dollar growth trend.

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    Sure, Adam, this is Chuck and thanks for your question. They did occupy trustworthy -- they had 20% operating income growth this quarter ex the collection of the AR receivable. So, they did occupy trustworthy operating income growth. We're projecting trustworthy operating income growth in their Q4 guidance. If you scrutinize back at the rise of the year and you scrutinize back at what they said they thought they were going to accomplish when they gave their modeling assumptions, they said they were going to live pretty much in flat to low solitary digits and most of it being back-half loaded. And I reflect that's what you're seeing. They said it was going to live lighter in the first fraction of the year, more robust in the second fraction of the year, and that's what we're delivering on.

    Lots of puts and takes. I mean, they said low single-digit growth. We've experienced higher growth than that. We've had blend and margin and other puts and takes. But at the remain of the day, we're delivering on very close, very consistent to that model assumptions that they gave at the rise of the year. So, I reflect that's how we're going to respond to your question, that it is more robust in the second half of the year.

    Rich Hume -- Chief Executive Officer

    And, Adam, as it relates to the portfolio, perquisite now there is trustworthy require in the market and their teams are taking edge of those opportunities. They are very focused on making positive that we're providing the portfolio that their customer set requires. Yet at the very time, we're moreover very focused on making positive that they occupy an adequate return on what they do. And if there are instances where that return benign of hits the restrict of acceptability, they will consume action to either hurry on from that particular customer or that particular product set and evaporate disburse their time elsewhere. I reflect that, as they hurry through time, they continue to assemble better and better at this and I reflect that it is reflecting in their results and will continue to reflect in their results.

    Again, I'd enjoy to benign of harken back to what I had said earlier. Once you occupy the chance to Put the entire team on the province and not occupy the distractions of an integration, it frees up a lot more time to focus on execution. We're a $26 billion entity. They acquired a $10 billion entity. It required a lot of management time. But we're ready to evaporate and they really feel enjoy we've got the perquisite management team on the field, we've got the perquisite set of processes and execution and operational management systems in place, and we're off executing.

    Adam Tindle -- Raymond James -- Analyst

    Okay. And, Rich, I reflect one of the other things that you mentioned was optimizing the cost structure in your prepared remarks. I reflect operating efficiency was obviously a vast myth to the quarter. SG&A to extreme profit dollars, I think, the lowest 3Q ratio ever and most historicals didn't occupy TS. So, maybe first just talk about how you're able to escape a more efficient model despite having the higher margin TS trade under the umbrella and then moreover how you reflect about a sustainable plane of OpEx, whether it's in ratios or dollars or however you want to tackle that. Thank you.

    Rich Hume -- Chief Executive Officer

    Okay. So, first, I want to fabricate positive that we're fully transparent. When you consume a scrutinize at that OpEx, fabricate positive you're benign of considering that one-time $25 million collection of the receivable. Right? That sort of takes the total OpEx down to a less than a steady-state level, right?

    That being said, when you adjust for that item, their OpEx is still competitive. We're still actually driving productivity from an E-to-R perspective on the OpEx line. And it's a yoke of things. You heard us talk about their strategy at the investor conference. They told you that we're steadfastly focused on digitally transforming their enterprise end-to-end. That's bigger than just StreamOne. It is benign of going through every one of their processes through time -- it's a journey -- and making positive that we're using digital capabilities to assemble ultimate productivity out of those processes.

    So, that travail is under way and the teams, frankly, occupy been focused at Tech Data for decades on driving productivity. So, they set their goals and objectives for the year from a productivity perspective and they evaporate and execute and drive them. So, that's benign of how they assemble it done internal to their management system. And they would anticipate that, as they hurry forward, the productivity will continue.

    I would point to the GBO program. Just to refresh on the GBO, they said that they would consume out $70 million of cost and we'd reinvest approximately half of that, 60% percent of that would live delivered by the remain of the 2020 fiscal and then the remaining 40% would rollover into fiscal '21. I know that there are some that feel as if the schedule should live more aggressive but this isn't just cost take-out by slashing and burning but rather cost take-out by actually providing the tools through digital transformation to enact it actually more productively and more customer-effectively while poignant through that process.

    Adam Tindle -- Raymond James -- Analyst

    Thank you.

    Rich Hume -- Chief Executive Officer



    Our next question is from the line of Param Singh with Bank of America Merrill Lynch. delight proceed with your questions.

    Param Singh -- Bank of America Merrill Lynch -- Analyst

    Hi. Thanks for taking my question. So, firstly, I want to talk about the operating margin in Europe. You guys saw a very tenacious improvement sequentially despite seasonal revenue growth there. Could you delineate some of the poignant pieces? Was it more volume related, mix, lower competition versus what you had faced, some of the reversal from the Avnet AGD trade headwind that you had previously? I enact understand that having free management time can help productivity but if you could give some color, that would live great.

    Rich Hume -- Chief Executive Officer

    So, look, I'll start and then I'll hand it over to Chuck. If you reflect back on the eventual three or four calls that we've had, we've talked about a competitive environment and they talked about making some changes to live able to respond to that competitive environment. So, I reflect that, again, the teams are very focused on how to optimize around the more profitable parts of their portfolio. We're focused on actually driving a more balanced growth between their advanced segment and their endpoint segment, where the margins are healthier overall, as you know. Then we're moreover focused through the GBO on their productivity, to live able to carry out what they enact on a more productive basis such that they free up some costs to offset some of those margin declines that they had seen in the first two quarters of this year.

    So, I reflect it's a combination of all of those things. They escape the company on one strategy and we're all focused, as I said, on the digital transformation framework across the board. And I reflect a lot of what they occupy Put in plot now is rise to pay dividends. So, we've got a powerful management team over there and they know how to adjust. We've always talked about Tech Data adjusts to the circumstance. And sometimes adjusting to the circumstance doesn't befall perquisite within the quarter. As you all know, although they enjoy to admiration ourselves a speedboat, they still consume a bit of time to fabricate the turn. That being said, we've demonstrated over time that they are resilient and can adjust and I reflect you view that manifesting itself in their results

    Param Singh -- Bank of America Merrill Lynch -- Analyst

    Thanks, Rich. Really, really esteem that detail. As my follow-up, I just wanted to dive in on some of the China tariff issues here. enact you reflect there might occupy been some sort of pull-in in the Americas ahead of potential China tariffs? And enact you reflect they might view some sort of require fall-off in the U.S. if they enact evaporate out and post 25% tariffs on laptops and related products?

    Rich Hume -- Chief Executive Officer

    So, just to live as honest as I can live as it relates to this question. First, let me observation on their recently reported quarter. They actually saw an insubstantial benefit associated with tariff. They talked before about the fact that, as to where they sit in the supply chain, it offers a bit of an opportunity. Again, I would live a bit repetitive in saw that it was a really insubstantial benefit but there was some benefit there.

    As it relates to your question on require being pulled forward, certainly I would speculate that some of that occurs but I can't recount you that it's an overriding theme that's visible to us or we've been made cognizant of. And then as it relates to the first quarter, we've spent a lot of time over the eventual day or two preparing for answering this question on what will befall with the tariffs in the first quarter. And as you know, there isn't a lot of assurance as to what will befall with tariffs in January. They enact know that some of the commodities that are incorporated into the PCs potentially are on the list of things that assemble tariffed. However, a lot of the content that they sell at the top plane are not on those lists. But those lists are topic to change.

    So, it's sort of a bit of a poignant target. I would recount you that, in working with their vendors, they all now are very focused on -- allow me to exhaust the word "tariff engineering" to consume edge of poignant their supply chains into optimal positions and taking edge of optimizing around the set of rules they reflect will live Put in place. So, my view is that there will live some repercussion but it's very difficult to Tell how much and when and in what segment based on the fact that this thing continues to hurry around.

    Param Singh -- Bank of America Merrill Lynch -- Analyst

    Got it. But you should occupy some sort of flexibility in passing along cost if you had to incur some of those tariff-related pricing from your OEMs?

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    Param, this is Chuck. Yes. They definitely occupy contracts with some of their larger customers where they enact occupy expense actions that are available to us for the tariffs. And, in general, they would pass on those costs to their customers. Really, it's the require elasticity that's the question on the tariffs, not really whether they can pass the costs along.

    Param Singh -- Bank of America Merrill Lynch -- Analyst

    Thank you so much, Chuck, Rich. esteem it.

    Rich Hume -- Chief Executive Officer



    Our next question comes from the line of Jim Suva with Citi. delight proceed with your questions.

    James Suva -- Citigroup -- Analyst

    Thank you, Chuck and Rich. I occupy two questions and I'll interrogate them at the very time and you can choose to acknowledge them in order. But, first of all, the operating margin improvement this quarter, the sales much better than expected this quarter, it's a very stark and nice change from, say, the past two, three, four quarters. What really were the yoke of key things that allowed you to benign of really circle on the gas, Put your foot on the pedals, and really just view it flow through to both the sales and bottom line?

    And then my second question is on the accounts receivable recovery, was that fully recovered? Is there still more to Come in the quarters ahead? I assume it was one customer and I assume the accounting works so that it doesn't repercussion your sales, it just impacts your profitability. Thank you.

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    Right. Jim, this is Chuck. Let me consume the eventual one first. The recovery of the $25 million is related to a customer that they obtained in the TS acquisition and they secured the payment this quarter that they previously thought was uncollectable. So, they enact not anticipate any further recovery. They are paid in replete and so it will occupy no repercussion on future quarters.

    Rich Hume -- Chief Executive Officer

    And then, Jim, as it relates to your second question, there is a yoke of points that I would enjoy to make. First and foremost, the overlying require in the market is strong. So, there's lots of chance or lots of at-bats, if you will, as it relates to what's available out there to compete for.

    Second is -- and I don't want to dwell on this -- but second is the acquisition and having that integration complete and focusing their management time just purely based on their trade and execution of their strategy and execution of the quarter or the year is of the highest priority now, where my time had to live previously traded off.

    Third, I reflect they occupy the most outstanding portfolio in the industry. You evaporate through any vendor list at the top of this IT market and they occupy a relationship with the overwhelming predominance of those vendors. And we've got powerful relationships with them. So, they Come together globally to determine what they want to accomplish and then they evaporate and engage their geographic teams and assemble them aligned with those plans. In some instances, they jointly invest in executing those plans. And perquisite now, the teams are off and getting it done.

    As you know, when you haul a novel organization together of the size and scale that they did with the Avnet TS, it takes a bit of time to assemble the management teams settled in. It takes a bit of time to assemble the account coverage settled in. And as I commented on the eventual call, all of that is behind us. So, my personal view is that that has a vast repercussion on their competence here to execute most optimally poignant forward.

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    And, Jim, this is Chuck. Just one further observation and that is this really shows the leverage that goes into their operating model when they occupy tenacious top-line growth and they contain their costs. They did an excellent job on cost containment. You're going to view that drop to the bottom line and bear powerful operating margins. They moreover saw a firming of their endpoint solutions margins during the quarter. So, really, an excellent job by the team.

    Rich Hume -- Chief Executive Officer

    Yeah. They oftentimes, Jim, on these calls disburse time talking about their earnings, which is absolutely appropriate. It's a very, very faultfinding metric. But I occupy to recount you that I'm moreover haughty of the team's execution on the capital side and the cash side. We, as their primary metric, are always focused on return on invested capital. And if you reflect back on the eventual quarter, perhaps they were viewed to live a bit short on the earnings they delivered but if you evaporate to inspect the execution of capital management, cash management, and return on invested capital, they've always been the stalwarts of their trade and remain strong.

    And they consume all of their decisions as it relates to running and executing their trade with the blend of earnings, capital deployment, and cash management in mind. So, they try to maintain a sound and disciplined approach to the market. And what I recount the team all the time is that they want to live hungry but humble. And so that's their approach to the market.

    James Suva -- Citigroup -- Analyst

    Thank you so much for the details and additional clarification. That's greatly appreciated.

    Rich Hume -- Chief Executive Officer

    You're welcome.


    Our next question is from the line of Sean Hannan with Needham & Company. delight proceed with your questions. Mr. Hannan, delight proceed with your questions.

    Sean Hannan -- Needham & Company -- Analyst

    Sorry. Yeah, sorry, the mute role was on. So, thanks for taking the question here. Just wanted to ask, it was appealing to hear the commentary that there's been a unprejudiced amount of solid require that's been relatively consistent in some of the more legacy enterprise and storage areas. I want to assemble a miniature bit more commentary around that, either in terms of what you've observed to date or any perspectives and views as this benign of moves forward into 2019. Thanks.

    Rich Hume -- Chief Executive Officer

    Yeah, this is Rich. Thanks for the question. And I want to limn this as my point of view and maybe it's significantly anecdotal but I reflect it's directionally correct. If you were to achieve back into '15, '16, arguably fraction of '17 calendar years, there was a lot of strain within the data hub set around Intel-based servers as well as storage -- two examples -- where those categories, perhaps from a market perspective, had temper declines. As it relates to the current year, in '18, they view growth in those categories, not only for Tech Data but for the market in total. Now, you might interrogate yourself, well, what's behind that? And I'll give you my point of view.

    I reflect there are three things behind it. No. 1 is the legacy categories occupy transitioned themselves to live highly much more efficient and productive. I'll exhaust the case of servers in the data hub and hyperconverged technology. Or I should Tell not servers but the entire stack of data hub hardware and hyperconverged technology. That sort of narrowed the gap, if you will, between public cloud and private cloud deployments.

    Second, and most profoundly, I reflect that this all concept of cloud and what will live in the public domain, what will live in the private domain, has sorted itself. And, again, anecdotally, I reflect there was a bit of a pent-up require within data hub acquisition until enterprises sorted how they wanted to actually construct their architect, if you will, their data hub needs going forward. So, I reflect that a) with the legacy stuff poignant into the modern world through things enjoy hyperconverged and software-defined and being highly more efficient, b) the adaptation of the market toward hybrid cloud as being the long-term approach here now, so there's going to live a life of both the on-prem and off-prem coexisting as they hurry forward. So, those declines then that happened in the previous year were clearly unable to, if you will, shift based on those changes.

    And then, of course, just the overlying market being tenacious is moreover a contributor to, I think, those categories being picked back up.

    Sean Hannan -- Needham & Company -- Analyst

    I reflect a lot of that commentary makes a lot of sense and I certainly esteem that. It feels enjoy this is something that has a miniature bit of a extinct cat bounce to it, some rationalization, and at least some temper improvement going forward. It sounds like, from your commentary, Rich, that you probably generally harmonize with that?

    Rich Hume -- Chief Executive Officer

    Yes. That would live my point of view that I limn as well.

    Sean Hannan -- Needham & Company -- Analyst

    Yeah. Yeah. Okay. And then -- so, if I could switch gears over to security, can you talk a miniature bit more in terms of the portfolio that you occupy there and where is your comfort plane with what you're offering to your client ground of resellers, common bars, the services you're providing, the OEMs that you're being able to provide access to? Can you provide a miniature bit more commentary around the direction of this piece of the portfolio and comfort today? Thanks.

    Rich Hume -- Chief Executive Officer

    Yeah. So, top-line message is their security portfolio is in transition. So, what enact I carryweight by that? When you consume a scrutinize at their install base, if you will, what we've sold in the past, because of their legacy business, it had been more aligned around the PC ecosystem. As they scrutinize forward, and where we're really pile their business, is they really want to shift or remix that portfolio more toward the data center-type security offerings. The higher-value offerings, if you will.

    When you consume a scrutinize at their line card, it's as tenacious as anyone's within their domain and we've got the perquisite set of relationships in place. And they are currently investing as one of their priorities to build out that, allow me to exhaust the words "value security portfolio," by adding a lot of specialization internal to their organization. I reflect you're probably well cognizant that the traditional sellers within the data hub footprint aren't the folks that can evaporate and sell security solutions. And when they scrutinize at the higher value categories, those character of offerings are very analytics intensive. And rather than exhaust the approach of a firewall technique, it's more of they've entered their domain and how enact they quickly find them through the exhaust of analytics. So, those are sort of the character of offerings that we're pile out within the portfolio.

    I'd recount you we've got travail to enact here. They are not where they would enjoy to be. And when they occupy their annual method discussions as they position ourselves for FY '20, we're going to live incrementing, if you will, the investment we're making in this category to really more robustly build that data hub category.

    Sean Hannan -- Needham & Company -- Analyst

    Thanks so much for taking my questions, folks. trustworthy luck.

    Rich Hume -- Chief Executive Officer

    Yeah. Thank you.


    Thank you. As a reminder, to interrogate a question, you may press "*1". Their next question is from the line of Keith Housum with Northcoast Research. delight proceed with your questions.

    Keith Housum -- Northcoast Research -- Analyst

    Good morning, gentlemen. Can you hear me OK?

    Rich Hume -- Chief Executive Officer


    Keith Housum -- Northcoast Research -- Analyst

    Appreciate it. I'm actually sitting in the airport.

    Rich Hume -- Chief Executive Officer

    Good morning, Keith.

    Keith Housum -- Northcoast Research -- Analyst

    Good morning. Congratulations on a trustworthy quarter.

    Rich Hume -- Chief Executive Officer

    Thank you.

    Keith Housum -- Northcoast Research -- Analyst

    Chuck, I wanted to supervene up on a observation I believe you made in terms of talking about extreme margins and a decline in advanced solutions extreme margins. I just want to understand if that's just benign of a natural decline in the trade as it matures or maybe you can provide some more color around those thoughts.

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    Yeah. No, really the observation was more on the stabilization of the extreme margins on their endpoint solutions. And then the mix, the higher blend of endpoint solutions as compared to advanced, and then they continued to view a decline on a year-over-year basis on their advanced, whereas it did not occur on their endpoint solutions. It firmed up on a year-over-year basis on endpoint. So, still very pleased and we're poignant forward but it's just really a year-over-year comment.

    Keith Housum -- Northcoast Research -- Analyst

    Okay. Is that more driven by product-specific or customer-specific transactions or just maturing of the market?

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    It's really across the board on all of it. It's really a reset that they saw earlier in the year on some of the expense competitiveness in the AS market. So, it's really a year-over-year compare and they just wanted to point it out.

    Keith Housum -- Northcoast Research -- Analyst

    Okay. I esteem that. And just a miniature bit of housekeeping. In terms of your guidance for the fourth quarter, does that assume that you guys will complete your share repurchase transaction during the quarter?

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    We're not giving guidance in regards to the pace of which we're going to effect their share repurchase. They enact occupy a method in plot at various share levels. I will Tell this: that it has an insubstantial repercussion on the amount of their earnings guidance on the share count.

    Keith Housum -- Northcoast Research -- Analyst

    Okay. Great. That's all I've got. Thank you.


    Thank you. This concludes Tech Data Corporation's Fiscal Year 2019 Third Quarter Earnings Conference Call. A replay of the summon will live available in about one hour at Thank you for attending today's conference summon and occupy a powerful day.

    Duration: 53 minutes

    Call participants:

    Arleen Quinones -- Vice President of Investor Relations

    Rich Hume -- Chief Executive Officer

    Charles V. Dannewitz -- Executive Vice President and Chief fiscal Officer

    Matthew Sheerin -- Stifel, Nicolaus & Co. -- Analyst

    Adam Tindle -- Raymond James -- Analyst

    Param Singh -- Bank of America Merrill Lynch -- Analyst

    James Suva -- Citigroup -- Analyst

    Sean Hannan -- Needham & Company -- Analyst

    Keith Housum -- Northcoast Research -- Analyst

    More TECD analysis

    This article is a transcript of this conference summon produced for The Motley Fool. While they strive for their ludicrous Best, there may live errors, omissions, or inaccuracies in this transcript. As with all their articles, The Motley Fool does not assume any responsibility for your exhaust of this content, and they strongly animate you to enact your own research, including listening to the summon yourself and reading the company's SEC filings. delight view their Terms and Conditions for additional details, including their Obligatory Capitalized Disclaimers of Liability.

    More From The Motley Fool

    Motley Fool Transcription has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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