SYNNEX

TD SYNNEX Corp. engages in the distribution and aggregation of solutions in the information technology ecosystem. It operates through the following geographical segments: Americas, Europe, and Asia-Pacific and Japan. The firm offers IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. It also provides system design and integration solutions. The company was founded by Robert T. Huang in 1980 and is headquartered in Fremont, CA.

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SYNNEX (SNX) surpasses Q4 targets, eyes IT spending growth

SYNNEX delivered strong financial performance, exceeding targets and showcasing growth across regions and business segments. Challenges lie in the PC market and supply chain constraints, but opportunities abound in IT spending growth and cost synergies realization.

SYNNEX (SNX) reports resilient Q1 performance amidst market challenges

SYNNEX (SNX) delivered a solid performance in Q1 despite challenges in the PC market, showcasing strength in high growth technologies and resilient segments like SMB and government spend.
The company faces challenges related to customer caution, inventory management, and endpoint device improvements but sees opportunities in market expansion, efficiency gains, and technological advancements.
Overall sentiment remains stable across sales channels, with a focus on capital allocation, cash flow generation, and shareholder returns through dividends and share repurchases.
Interest expense is expected to decrease in the second half, and the company is well-positioned to leverage growth opportunities in advanced solutions and new technologies.

SYNNEX shows resilience in Q2, eyes market recovery and M&A

SYNNEX's Q2 showcased resilience, growth in Advanced Solutions, and cost synergies. Challenges include PC demand decline and elongated sales cycles. Opportunities lie in market sentiment recovery, M&A pursuits, and tech spending trends.

SYNNEX reports positive Q3 results amidst European challenges and growth opportunities

SYNNEX's Q3 performance showed growth in key areas but faced challenges in Europe due to macroeconomic factors.
The company's focus on cost optimization and new solutions highlights a commitment to driving value for customers.
While maintaining market share in the Americas, efforts are ongoing to address challenges and capitalize on growth opportunities.
Overall, SYNNEX remains optimistic about future prospects and is actively working towards further optimization and expansion.

SYNNEX (SNX) surpasses Q4 expectations, eyes growth amidst challenges

SYNNEX (SNX) reported strong Q4 results, exceeding expectations in key financial metrics and showcasing resilience amidst market challenges. The company's focus on ESG, digital capabilities, and strategic investments positions it well for future growth. Challenges in margin optimization and market headwinds require careful navigation, but opportunities for growth through new segments and improved solution offerings are on the horizon.

SYNNEX (SNX) reports strong Q1 earnings, eyes AI opportunities

SYNNEX (SNX) had a strong start to the fiscal year with record margins and solid growth in Advanced Solutions. Despite challenges in mobile devices and some billing declines, the company remains optimistic about future opportunities.
The outlook for Q2 shows expectations for continued financial strength, with a focus on AI-related demand and strategic decisions to optimize revenue growth. Management's appreciation for quarter performance and dedication of coworkers highlight a positive outlook for the company.
With a focus on maintaining financial performance, capitalizing on AI-related opportunities, and addressing challenges in specific segments, SYNNEX (SNX) aims to navigate market dynamics and drive growth in the coming quarters.

SYNNEX Q2 Earnings Up, Bullish on AI and New CEO

SYNNEX's Q2 2024 earnings call highlighted a positive financial trajectory with a 3% increase in gross billings and strong shareholder returns. The company is optimistic about future growth, driven by technological investments and new leadership under CEO Patrick Zammit. AI and AI PCs are identified as key growth areas.

SYNNEX reports growth in Q3 earnings, eyes AI investments

SYNNEX demonstrated solid performance in Q3 with growth in gross billings and a focus on key business priorities.
While facing challenges in non-GAAP gross profit, the company aims to optimize cost management and drive free cash flow.
Opportunities lie in investments in AI, strategic technologies, and potential M&A strategies to fuel future growth and innovation.

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MINNEAPOLIS--(BUSINESS WIRE)--Entrust has announced a master distributor agreement with SYNNEX Corporation to offer its Entrust nShield® HSMs to customers across the US and Canada

Entrust Appoints SYNNEX Corporation to Meet Data Protection and Encryption Needs Across North America

GREENVILLE, S.C., March 16, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that SYNNEX was named Samsung 2020 Mobile Distribution Partner of the Year during Samsung's Virtual Experience:  Business Reimagined.

SYNNEX Corporation Named Samsung Mobile Distribution Partner of the Year

Hewlett Packard

Through the collaboration with Hewlett Packard, SYNNEX's (SNX) partners will be able to sell HPE GreenLake cloud services to mid-market and SMB customers through the Swift Sales Program.

SYNNEX (SNX) to Offer HPE's Cloud Services Via New Partnership

FREMONT, Calif., March 11, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, will announce its financial results for the first quarter of fiscal 2021 after market close on Monday, March 22, 2021.

SYNNEX Corporation to Announce First Quarter Fiscal 2021 Results on March 22, 2021

PALO ALTO, Calif.--(BUSINESS WIRE)--Confluera continues acceleration of its reseller program with SYNNEX agreement to fulfill increased demand for detection and response cybersecurity.

Confluera Joins Forces with SYNNEX Corporation, Continuing Expansion of Reseller Program for its Detection and Response Solution

GREENVILLE, S.C., March 10, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced HPE GreenLake cloud services are now available through the SYNNEX Stellr Marketplace.

SYNNEX Corporation Now Offers HPE GreenLake Cloud Services on Cloud Marketplace

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Synnex (SNX) reported earnings 30 days ago. What's next for the stock?

Why Is Synnex (SNX) Up 1.2% Since Last Earnings Report?

GREENVILLE, S.C., Feb. 8, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that CRN®, a brand of The Channel Company, has named twelve SYNNEX executives to its...

SYNNEX Corporation Announces 12 Executives Named to CRN Channel Chiefs

FREMONT, Calif., Feb. 4, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that Greg Quesnel will not stand for re-election to the company's Board of Directors at...

SYNNEX Corporation Announces Board of Directors Transition

Synnex's Technology Solutions business has been rather resilient, and continued to post revenue growth in FY'20. I see the Concentrix spin-off as a plus for shareholders, and Synnex has an attractive total addressable market.

3 Reasons Synnex Is A Buy Today

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Spinoffs have been known to unlock value for some businesses by allowing them to focus on their niches rather than being part of a multi-faceted corporation that may not prioritize their specific operations.

Spinoffs Roundup: These Companies Became Independent in 2020

SYNNEX's (SNX) fourth-quarter fiscal 2020 results benefit from growth in both Technology Solutions and Concentrix businesses.

SYNNEX (SNX) Q4 Earnings & Revenues Top Estimates, Up Y/Y

Ribbon (RBBN) expands reseller partnership with Synnex to augment footprint in the Caribbean and Latin America region on the back of its UC&C-enabling Edge solutions.

Ribbon (RBBN) Extends Presence in CALA Region With Synnex Tie-Up

SYNNEX Corporation (SNX) CEO Dennis Polk on Q4 2020 Results - Earnings Call Transcript

FREMONT, Calif., Jan. 11, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2020....

SYNNEX Corporation Reports Fiscal 2020 Fourth Quarter and Full Year Results

SYNNEX's (SNX) Q4 earnings might have been affected by the slowdown in technology spending by enterprises and supply-chain disruptions due to the COVID-19 pandemic.

SYNNEX (SNX) to Report Q4 Earnings: What's in the Cards?

GREENVILLE, S.C., Dec. 16, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, logistics and integration services for the technology industry, today announced that it has partnered with Broadcom Inc. to deliver an enhanced level of service to the...

SYNNEX Corporation Awarded Commercial Aggregator Agreement with Broadcom for North America

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Synnex has weathered the current economic environment fairly well, with a decent rebound in its business. I see the upcoming spin-off of Concentrix as being a shareholder friendly move, with unlocking of value.

Synnex: This Resilient Business Is Still Undervalued

GREENVILLE, S.C., Nov. 17, 2020 /PRNewswire/ -- (from 2020 Varnex Fall Virtual Conference) – SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced its 2020 Varnex Signature Award winners. Varnex is SYNNEX Corporation's peer-to-peer community of...

SYNNEX Corporation Announces 2020 Varnex Signature Award Winners

GREENVILLE, S.C., Nov. 9, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced the launch of its 5G Acceleration Initiative delivered via the SYNNEX Mobility Program and available to the U.S. IT channel. Through the program,...

SYNNEX Corporation 5G Acceleration Initiative Enables Mobility Resellers with Available 5G Solutions

Is (SNX) Outperforming Other Computer and Technology Stocks This Year?

News for SYNNEX Stock (SNX)