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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 designation : Technical Introduction to the HP Storage(R) SMB Portfolio
Vendor designation : HP
real questions : 98 true Questions

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HP Technical Introduction to the

HP sells one thousandth HP Indigo train four Press | true Questions and Pass4sure dumps

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

Ryan Printing a recent 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 exist a flawless fortunate for their longer and massive-measurement digital runs and their shorter traditional offset jobs, and may back permit us to open up recent markets and capabilities,” referred to Al Ryan, owner and regularly occurring supervisor, whose recent 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, hold reached 1500 installed instruments. coincident 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 commerce alternatives for growth purposes. “these days, adopters of HP Indigo applied sciences are having fun with double-digit multiply because of their relentless compel to innovate and print distinctive.”


  • continued adoption of the incredibly productive HP Indigo 8000 Digital Press, enabling label valued clientele to cost readily transfigure medium and long runs from flexo to HP Indigo. “The HP Indigo 8000 is a worthy combination of awesome productivity with in demand HP Indigo print fine. The 8000 has delivered a profits budge similar to three of their flexographic converting machine approaches,” noted 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 birthright 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 reply 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 consume than regular packaging manufacturing,” talked about Philippe St-Cyr, common manager, Rootree.
  • bendy packaging converters setting up gigantic 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 commerce analysts, joined the February eleven-14, 2019 adventure at HP Indigo’s headquarters, production and R&D websites to exist inspired via recent technologies and shoppers and brands sharing multiply 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 reply like PrintOS website move,” talked about Jon Bailey, chief government, ProCo, UK.

    picture printer Albelli is enjoying recent 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 recent 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 recent inks, embellishment and picture solutions. Highlights blanketed:

  • Introduction of HP Indigo ElectroInk handy release, the world’s first digital reply for scratch-off functions, most beneficial 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 commerce 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 compass of opacities in a unique print process, including repercussion and increasing productivity by using much less ink to obtain unreasonable opacity.
  • a recent picture profile for ElectroInks – the usage of smooth black and black ElectroInks (KKLLK) sets a recent common for professional nice image printing by pass of developing powerful distinction with spectacular highlights.
  • HP SmartStream Collage, a recent variable facts lifelike expertise that manipulates points randomly for limitless company palpate together with logos and symbols, developing recent design consequences for lots of commercial, packaging and specialty gadgets. The introduction of HP SmartStream Collage initiatives is now simplified by pass of PrintOS Composer and its cloud-platform processing power.
  • A silver halide alternative reply 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 reply from Memador optimizes and automates picture bespeak advent with algorithms for visage grouping, visage 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 recent 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 appliance 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 partake facts, Q3, 2018.

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

    Amazon stops promoting its clickable dash buttons that could immediately reorder every cramped 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 like toilet paper and detergent
  • existing sprint button users can quiet station 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 great 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 particular 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 mountainous 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 exist positioned on surfaces across the condominium, and when a consumer sees supplies working low, they press the button to design an order.

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

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

    And if they don't appear to exist tickled 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 exist relieved to grasp that the firm will quiet 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 like voice purchases.

    'considering the introduction of the sprint application, they now hold persevered to labor 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 seat 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 likewise exist accessed by pass of the Amazon app, its display-fitted resound exhibit and different instruments. 

    'we've got likewise considered consumers more and more the disburse of courses like 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 exist 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 learn when or not it's about to flee out of food and immediately station 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 pervade $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 likewise exist accessed by the disburse of the Amazon app, its reveal-fitted resound 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 secure a cell notification, telling them the birth date and value.

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


    Milestone techniques unveils recent know-how accomplice software, Milestone marketplace | true Questions and Pass4sure dumps

    The world video administration trade is seeing innovation like certainly not before, developing recent opportunities that transform the manner video administration expertise is used - no longer most effectual to give protection to americans and assets, however additionally to assist optimise commerce and enrich the pass 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 commerce 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 secure international reach, are uncovered to the current foundation 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 secure an overview of the giant variety of functions, hardware and services proven to labor 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 hold by no means before been attainable to the industry in a unique 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 materiel 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 recent areas within the years to return.

    Leveraging accomplice neighborhood's potential

    the recent software likewise enables partners to profit from a mountainous compass of advertising resources and actions"

    To exist a partake of Milestone marketplace, expertise partners deserve to exist partake of Milestone techniques’ recent know-how colleague software – a program that offers functions, hardware and features that complement and lengthen the Milestone XProtect video administration platform. The application empowers materiel integrators to design and deliver resourceful video-enabled options to end-consumers, and helps partners learn the plenary potential and opportunities of video management expertise.

    With the expertise accomplice program, Milestone systems wants to leverage the plenary 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 recent know-how accomplice application, they want to stimulate and pressure co-innovation, permitting companions to learn know-how synergies with the open XProtect video administration platform. This allows for technology companions to build joint technology choices that ply specific trade or useful needs utilising the core video capabilities of the XProtect video administration platform."

    "the brand recent software likewise allows for companions to advantage from a mountainous compass of advertising elements and activities, including promotion through Milestone market,” says Kenneth Hune Petersen.

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    Nexenta Extends uphold for VMware Environments via VMware Virtual SAN 6.2 | true 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 uphold 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 likewise 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 uphold 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 recent space efficiency features that comprise data deduplication, data compression and erasure coding.

    “We hold been impressed by Nexenta’s dedication to delivering unparalleled technical uphold and their capacity 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 tangled 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 study forward to continuing their cooperation with Nexenta as they expand their software-defined storage portfolio," said Yuri Andamasov, CIO at Sentrium.

    Nexenta’s uphold 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) uphold 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 colleague Organization, VMware. “Coupled with their enhanced VMware Virtual SAN solution, NexentaConnect will strike the poise of high-performance and low cost that enterprise data ecosystems demand.”

    Tweet this: .@nexenta extends promotion and uphold 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 terminate users; from the infrastructure to apps. Nexenta enables the widest variety of legacy, Windows, web, virtual, and cloud-native apps; supporting any affluent media-driven Mobile and companionable Living, Internet of Things, mountainous 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 colleague 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. outright 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.

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

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

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

    Image source: The Motley Fool.

    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, outright participants are in listen-only mode. After the presentation, they will conduct a question-and-answer session. To examine a question, gratify press "*1". Today's conference is being recorded. If you hold any objections, you may disconnect at this time.

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

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

    For a minute study at their third quarter results, gratify review their pecuniary highlights summary coast presentation posted this morning on the IR portion of their website, located at Unless otherwise specified, outright growth comparisons made on today's call relate to the corresponding term of the previous fiscal year.

    Before they begin, I would like to remind outright listeners that today's earnings press release and inevitable matters discussed on this call 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 subject 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 judgement actual results to disagree materially from those contained in the forward-looking statements.

    Please exist advised that the statements made during today's call should exist considered to picture 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 pecuniary measures. Non-GAAP measures exclude inevitable items contained in their GAAP pecuniary results. minute reconciliations between results reported in accordance with GAAP and non-GAAP pecuniary measures can exist institute in the press release and on the Investor Relations portion of the company's website.

    In addition, this call is the property of Tech Data and may not exist recorded or rebroadcast without specific written authorization from the company.

    Thank you, Arleen, and top-notch morning, everyone, and thank you for joining us today. I am pleased to report that their teams delivered a tenacious Q3 performance with worthy execution across outright three regions. Worldwide sales grew 11% to $9.3 billion and they achieved towering double-digit non-GAAP operating income earnings-per-share growth. outright 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 recrudesce on invested capital of 12%, paid down $100 million in debt, and returned $44 million to their shareholders through partake repurchases.

    The combination of tenacious economies and employment levels, as well as the need for businesses of outright sizes to digitally transform and improve 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 likewise validate the strategic role they play in the IT supply chain, delivering towering value through their end-to-end portfolio to channel partners across a broad spectrum of IT products and solutions.

    On ultimate 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 exist summarized in four simple words: stirring to higher value.

    This can exist 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 likewise means stirring up the stack, adding more value to the products they sell by bundling them with various services to provide complete solutions. outright this translates into an improved pecuniary profile.

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

    For the past 40+ years, they hold transformed and adapted to changes in technology, outright while becoming stronger and more essential to both partners and vendors. As they budge into the future, having the birthright digital platforms will exist faultfinding in achieving this. So, I'd like to provide you with some insights on their cloud commerce and the StreamOne digital platform which supports it.

    Cloud continues to exist one of the fastest growing areas in their business. In Q3, their cloud billings grew 38% and now picture an annual flee rate of nearly $1 billion. As you know, we've been investing in their StreamOne platform. In fact, developing the platform has been their unique 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 back them to develop, expand, and accelerate their cloud practices.

    During fiscal 2019, they will hold 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 design the tangled simple by fully digitizing the end-to-end transactional process.

    Last month, they announced the introduction of Agile methodologies to their Cloud rehearse Builder, their digital enablement appliance that helps customers of outright sizes to develop and scale their cloud practices quickly and cost-effectively. To complement this, they likewise launched a cloud mentor program in which resellers can gain digital access to cloud experts and support. And just ultimate 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 back to simplify their partners' workloads. outright of this positions us to exist 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 likewise named CDW's Distribution colleague of the Year for the third consecutive year. These awards reflect their capacity 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 vehement commitment and fervor to back 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 colleague to the world's leading technology vendors and to serve their customers better than any other IT distributor. They likewise divulge the enhanced pecuniary profile of the recent Tech Data, delivering tenacious earnings growth, generating cash flow, and recrudesce on invested capital. As they study ahead, they will remain disciplined in managing their growth and pursuing opportunities aligned with their strategy of stirring to higher value.

    In uphold 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 pecuniary profile and free up capital to invest in higher recrudesce 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 worthy 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 turn the call over to Chuck for a minute discussion of their Q3 financials and their outlook for Q4.

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

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

    Worldwide sales came in ahead of the towering terminate of their guidance, reaching $9.3 billion, an multiply of 11%, and 12% in constant currency. Worldwide grievous profit came in at $557 million, an multiply of 6%. Worldwide grievous margin was 5.96% compared to 6.23% in the prior-year quarter. The year-over-year decline is primarily due to a higher fuse of endpoint solutions, as well as a decline in the margin profile of advanced solutions. However, it's primary to note that their continued focus on disciplined pricing and profitable sales resulted in a modest grievous margin improvement from Q2, their first sequential grievous 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 profit 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 effectual tax rate in Q3 was 2%. This includes a $24 million lessen in their provisional rate of the one-time transition tax related to U.S. tax reform. This revised rate is primarily due to further analysis of the earnings and profit of their alien subsidiaries and utilization of alien tax credits. They will finalize the amount of the one-time transition tax during their fourth quarter. Their non-GAAP effectual tax rate in Q3 was 26%.

    Non-GAAP net income was $116 million, an multiply of $40 million or 52%, and non-GAAP earnings per diluted partake 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 multiply 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 multiply 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 likewise reported tenacious growth, with sales reaching $4.9 billion, an multiply 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 multiply 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 poise sheet and cash flux metrics. The combination of their higher-velocity product fuse 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 flux in Q3 and they exited the quarter with a cash poise 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 recrudesce on invested capital of 12%, above their weighted equitable cost of capital of approximately 9%.

    In October, they announced a $200 million partake repurchase program. In Q3, they purchased approximately 621,000 shares for $44 million at an equitable 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 partake repurchases, the fuse 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 commerce optimization program, which they announced ultimate quarter, remain unchanged.

    Turning now to their guidance for the fourth quarter ending January 31, 2019, as they study ahead to the fourth quarter, they anticipate top-notch demand trends to continue, with sales to exist in the compass of $10.5 billion to $10.9 billion and non-GAAP earnings per partake to exist in the compass of $3.90 to $4.20. This guidance assumes an effectual tax rate in the compass of 24% to 26%. This guidance likewise assumes an equitable U.S. dollar to Euro exchange rate of $1.15 to one Euro.

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

    Questions and Answers:


    Thank you. They will now inaugurate the question-and-answer session. If you would like to examine a question, gratify press "*1" on your phone. You may press "*2" if you would like to remove your question from the queue. For participants using speaker equipment, it may exist 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. gratify proceed with your question.

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

    Yes, thank you and top-notch morning. My first question just regarding your tenacious revenue and your guidance, which looks seasonal, maybe a cramped bit below seasonal versus ultimate year, but quiet top-notch guidance in light of some macro concerns and likewise 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 descry PC upgrade cycle? Any thoughts there?

    Rich Hume -- Chief Executive Officer

    Yes, Matt, top-notch morning. This is Rich. Thank you for your question. As it relates to the quarter and the market, the demand was very broad. So, as you know, they watch to study at their commerce in segments of endpoint and advanced solutions and I would relate you that there was tenacious growth in both of those segments. I deem that if they assume a study 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 ultimate year, they thought it could exist marketing around 3% but it's far greater than that. And you outright probably hold your own estimates but I deem 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 descry power in the market. But generally speaking, the power has been uniform. You could assume it by geography. Asia Pacific, Europe, North America, outright hold a fairly robust demand. And then even by product segment, the PC ecosystem stuff seems to exist very strong, the data seat stuff in the recent technologies is strong, and then even some of the legacy categories of data seat hold demonstrated power over the recent past. So, demand fairly robust.

    Your question as it relates to Apple, in particular. So, as you know, it is a great partake of their business. However, when you assume a study at that entire portfolio, phones are not the overwhelming partake of the portfolio. We've got a top-notch blend of outright Apple represented there. And so they had a very top-notch phone quarter in 3Q and they would anticipate that, as they study into 4Q, their forecast is their best judgment as to what we'll secure done with the sort of demand 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 commerce -- the tech solutions, the Avnet legacy business, if you will -- where it looks like you did hold some early hiccups. It sounds like you're gaining traction. You talked about power in data center. Your mountainous competitor there, though, has been talking about significant partake gains against you but it looks like you're growing that business. Could you give us more granularity into what that commerce is looking like, in terms of revenue flee rate and margin profile now?

    Rich Hume -- Chief Executive Officer

    Yeah, sure. Just to kindhearted of reflect back for one moment, as you know, they had a data seat commerce 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 outright sort of aligned and connected, etc. outright of that is now behind us. And I fundamentally believe that, when you hold the break to disburse more time focused on the commerce and not having to worry about bringing these two things together, it just adds more management time around the execution.

    I would relate you that that commerce grew towering single-digit in total. It would exist both the legacy Tech Data commerce as well as the TS business. And they feel very top-notch about how they compete in the market. Things could ebb and flux over time but they like their hand, they like their portfolio, and we're out in the market competing and they deem they can execute so in a pretty effectual 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 top-notch 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 contrast of what you're executing versus your competitors. And, second, is the double-digit operating profit dollar growth something you deem you could sustain? Because I deem 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 pecuniary Officer

    Sure, Adam, this is Chuck and thanks for your question. They did hold top-notch -- they had 20% operating income growth this quarter ex the collection of the AR receivable. So, they did hold top-notch operating income growth. We're projecting top-notch operating income growth in their Q4 guidance. If you study back at the birth of the year and you study back at what they said they thought they were going to accomplish when they gave their modeling assumptions, they said they were going to exist pretty much in flat to low unique digits and most of it being back-half loaded. And I deem that's what you're seeing. They said it was going to exist lighter in the first partake of the year, more robust in the second partake 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 fuse and margin and other puts and takes. But at the terminate of the day, we're delivering on very close, very consistent to that model assumptions that they gave at the birth of the year. So, I deem 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, birthright now there is top-notch demand in the market and their teams are taking advantage of those opportunities. They are very focused on making sure that we're providing the portfolio that their customer set requires. Yet at the same time, we're likewise very focused on making sure that they hold an adequate recrudesce on what they do. And if there are instances where that recrudesce kindhearted of hits the limit of acceptability, they will assume action to either budge on from that particular customer or that particular product set and proceed disburse their time elsewhere. I deem that, as they budge through time, they continue to secure better and better at this and I deem that it is reflecting in their results and will continue to reflect in their results.

    Again, I'd like to kindhearted of harken back to what I had said earlier. Once you hold the break to result the entire team on the territory and not hold 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 proceed and they really feel like we've got the birthright management team on the field, we've got the birthright 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 deem one of the other things that you mentioned was optimizing the cost structure in your prepared remarks. I deem operating efficiency was obviously a mountainous fable to the quarter. SG&A to grievous profit dollars, I think, the lowest 3Q ratio ever and most historicals didn't hold TS. So, maybe first just talk about how you're able to flee a more efficient model despite having the higher margin TS commerce under the umbrella and then likewise how you deem about a sustainable level 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 design sure that we're fully transparent. When you assume a study at that OpEx, design sure you're kindhearted 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 quiet competitive. We're quiet 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 kindhearted of going through every one of their processes through time -- it's a journey -- and making sure that we're using digital capabilities to secure ultimate productivity out of those processes.

    So, that labor is under pass and the teams, frankly, hold 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 proceed and execute and drive them. So, that's kindhearted of how they secure it done internal to their management system. And they would anticipate that, as they budge forward, the productivity will continue.

    I would point to the GBO program. Just to refresh on the GBO, they said that they would assume out $70 million of cost and we'd reinvest approximately half of that, 60% percent of that would exist delivered by the terminate 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 exist 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 execute it actually more productively and more customer-effectively while stirring 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. gratify 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 stirring pieces? Was it more volume related, mix, lower competition versus what you had faced, some of the reversal from the Avnet AGD commerce headwind that you had previously? I execute understand that having free management time can back productivity but if you could give some color, that would exist 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 ultimate three or four calls that we've had, we've talked about a competitive environment and they talked about making some changes to exist able to respond to that competitive environment. So, I deem 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 likewise focused through the GBO on their productivity, to exist able to carry out what they execute 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 deem it's a combination of outright of those things. They flee the company on one strategy and we're outright focused, as I said, on the digital transformation framework across the board. And I deem a lot of what they hold result in station now is birth to pay dividends. So, we've got a worthy 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 betide birthright within the quarter. As you outright know, although they like to regard ourselves a speedboat, they quiet assume a bit of time to design the turn. That being said, we've demonstrated over time that they are resilient and can adjust and I deem you descry that manifesting itself in their results

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

    Thanks, Rich. Really, really cherish that detail. As my follow-up, I just wanted to dive in on some of the China tariff issues here. execute you deem there might hold been some sort of pull-in in the Americas ahead of potential China tariffs? And execute you deem they might descry some sort of demand fall-off in the U.S. if they execute proceed out and post 25% tariffs on laptops and related products?

    Rich Hume -- Chief Executive Officer

    So, just to exist as honest as I can exist as it relates to this question. First, let me observation on their recently reported quarter. They actually saw an spiritual profit 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 exist a bit repetitive in motto that it was a really spiritual profit but there was some profit there.

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

    So, it's sort of a bit of a stirring target. I would relate you that, in working with their vendors, they outright now are very focused on -- allow me to disburse the word "tariff engineering" to assume advantage of stirring their supply chains into optimal positions and taking advantage of optimizing around the set of rules they deem will exist result in place. So, my view is that there will exist some repercussion but it's very arduous to bid how much and when and in what segment based on the fact that this thing continues to budge around.

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

    Got it. But you should hold 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 pecuniary Officer

    Param, this is Chuck. Yes. They definitely hold contracts with some of their larger customers where they execute hold price 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 demand 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. cherish it.

    Rich Hume -- Chief Executive Officer



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

    James Suva -- Citigroup -- Analyst

    Thank you, Chuck and Rich. I hold two questions and I'll examine them at the same time and you can elect to reply 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 kindhearted of really turn on the gas, result your foot on the pedals, and really just descry it flux 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 quiet more to near 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 pecuniary Officer

    Right. Jim, this is Chuck. Let me assume the ultimate 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 execute not anticipate any further recovery. They are paid in plenary and so it will hold 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 like to make. First and foremost, the overlying demand in the market is strong. So, there's lots of break 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 commerce and execution of their strategy and execution of the quarter or the year is of the highest priority now, where my time had to exist previously traded off.

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

    As you know, when you draw a recent organization together of the size and scale that they did with the Avnet TS, it takes a bit of time to secure the management teams settled in. It takes a bit of time to secure the account coverage settled in. And as I commented on the ultimate call, outright of that is behind us. So, my personal view is that that has a mountainous repercussion on their capacity here to execute most optimally stirring forward.

    Charles V. Dannewitz -- Executive Vice President and Chief pecuniary 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 hold tenacious top-line growth and they accommodate their costs. They did an excellent job on cost containment. You're going to descry that drop to the bottom line and bear worthy operating margins. They likewise 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 hold to relate you that I'm likewise supercilious of the team's execution on the capital side and the cash side. We, as their primary metric, are always focused on recrudesce on invested capital. And if you reflect back on the ultimate quarter, perhaps they were viewed to exist a bit short on the earnings they delivered but if you proceed to inspect the execution of capital management, cash management, and recrudesce on invested capital, they've always been the stalwarts of their commerce and remain strong.

    And they assume outright of their decisions as it relates to running and executing their commerce 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 relate the team outright the time is that they want to exist 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. gratify proceed with your questions. Mr. Hannan, gratify 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 absorbing to hear the commentary that there's been a equitable amount of solid demand that's been relatively consistent in some of the more legacy enterprise and storage areas. I want to secure a cramped bit more commentary around that, either in terms of what you've observed to date or any perspectives and views as this kindhearted of moves forward into 2019. Thanks.

    Rich Hume -- Chief Executive Officer

    Yeah, this is Rich. Thanks for the question. And I want to picture this as my point of view and maybe it's moderately anecdotal but I deem it's directionally correct. If you were to compass back into '15, '16, arguably partake of '17 calendar years, there was a lot of strain within the data seat 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 descry growth in those categories, not only for Tech Data but for the market in total. Now, you might examine yourself, well, what's behind that? And I'll give you my point of view.

    I deem there are three things behind it. No. 1 is the legacy categories hold transitioned themselves to exist highly much more efficient and productive. I'll disburse the case of servers in the data seat and hyperconverged technology. Or I should bid not servers but the entire stack of data seat 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 deem that this entire conception of cloud and what will exist in the public domain, what will exist in the private domain, has sorted itself. And, again, anecdotally, I deem there was a bit of a pent-up demand within data seat acquisition until enterprises sorted how they wanted to actually construct their architect, if you will, their data seat needs going forward. So, I deem that a) with the legacy stuff stirring into the modern world through things like 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 exist a life of both the on-prem and off-prem coexisting as they budge 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 likewise a contributor to, I think, those categories being picked back up.

    Sean Hannan -- Needham & Company -- Analyst

    I deem a lot of that commentary makes a lot of sense and I certainly cherish that. It feels like this is something that has a cramped bit of a dead 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 conform with that?

    Rich Hume -- Chief Executive Officer

    Yes. That would exist my point of view that I picture 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 cramped bit more in terms of the portfolio that you hold there and where is your solace level with what you're offering to your client foundation of resellers, common bars, the services you're providing, the OEMs that you're being able to provide access to? Can you provide a cramped bit more commentary around the direction of this piece of the portfolio and solace today? Thanks.

    Rich Hume -- Chief Executive Officer

    Yeah. So, top-line message is their security portfolio is in transition. So, what execute I value by that? When you assume a study 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 study forward, and where we're really edifice 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 assume a study at their line card, it's as tenacious as anyone's within their domain and we've got the birthright set of relationships in place. And they are currently investing as one of their priorities to build out that, allow me to disburse the words "value security portfolio," by adding a lot of specialization internal to their organization. I deem you're probably well sensible that the traditional sellers within the data seat footprint aren't the folks that can proceed and sell security solutions. And when they study at the higher value categories, those sort of offerings are very analytics intensive. And rather than disburse the approach of a firewall technique, it's more of they've entered their domain and how execute they quickly find them through the disburse of analytics. So, those are sort of the sort of offerings that we're edifice out within the portfolio.

    I'd relate you we've got labor to execute here. They are not where they would like to be. And when they hold their annual pass discussions as they position ourselves for FY '20, we're going to exist incrementing, if you will, the investment we're making in this category to really more robustly build that data seat category.

    Sean Hannan -- Needham & Company -- Analyst

    Thanks so much for taking my questions, folks. top-notch luck.

    Rich Hume -- Chief Executive Officer

    Yeah. Thank you.


    Thank you. As a reminder, to examine a question, you may press "*1". Their next question is from the line of Keith Housum with Northcoast Research. gratify 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 top-notch quarter.

    Rich Hume -- Chief Executive Officer

    Thank you.

    Keith Housum -- Northcoast Research -- Analyst

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

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

    Yeah. No, really the observation was more on the stabilization of the grievous margins on their endpoint solutions. And then the mix, the higher fuse of endpoint solutions as compared to advanced, and then they continued to descry 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, quiet very pleased and we're stirring 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 pecuniary Officer

    It's really across the board on outright of it. It's really a reset that they saw earlier in the year on some of the price 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 cherish that. And just a cramped bit of housekeeping. In terms of your guidance for the fourth quarter, does that assume that you guys will complete your partake repurchase transaction during the quarter?

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

    We're not giving guidance in regards to the pace of which we're going to fulfill their partake repurchase. They execute hold a pass in station at various partake levels. I will bid this: that it has an spiritual repercussion on the amount of their earnings guidance on the partake count.

    Keith Housum -- Northcoast Research -- Analyst

    Okay. Great. That's outright 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 call will exist available in about one hour at Thank you for attending today's conference call and hold a worthy 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 pecuniary 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 call produced for The Motley Fool. While they strive for their foolish Best, there may exist errors, omissions, or inaccuracies in this transcript. As with outright their articles, The Motley Fool does not assume any responsibility for your disburse of this content, and they strongly inspirit you to execute your own research, including listening to the call yourself and reading the company's SEC filings. gratify descry their Terms and Conditions for additional details, including their Obligatory Capitalized Disclaimers of Liability.

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    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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