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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Why TD SYNNEX (SNX) is a Top Value Stock for the Long-Term

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FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it will report its financial results for the second quarter of fiscal 2024 before the U.S. market opens on Tuesday, June 25, 2024. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at ir.tdsynnex.com, and a replay of the webcast will be available following t.

TD SYNNEX to Announce Second Quarter Fiscal 2024 Results on June 25, 2024

FREMONT, Calif.--(BUSINESS WIRE)--Hyve Solutions Corporation, a wholly owned subsidiary of TD SYNNEX Corporation (NYSE: SNX) and a leading provider of hyperscale digital infrastructures, today announced the integration of Intel® Xeon® 6 processors into Hyve-designed motherboards and systems. This collaboration with Intel marks a significant step forward in meeting the diverse performance and efficiency requirements of modern computing environments, from high-performance AI applications to excep.

Hyve Solutions Integrates Latest Intel® Xeon® 6 Processor for Superior AI and Cloud Performance

TD SYNNEX (SNX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

TD SYNNEX (SNX) Upgraded to Buy: Here's Why

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FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced today that Alim Dhanji will join the company as its new Chief Human Resources Officer, effective June 10.

TD SYNNEX Appoints Alim Dhanji as Chief Human Resources Officer

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced its near & long-term science-based emissions reduction targets have been approved by the Science Based Targets initiative (SBTi).

TD SYNNEX Net Zero Targets Approved by SBTi

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FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX has launched MSP Evolve, a resource designed to optimize operational excellence and accelerate business growth for the unique needs of MSPs.

TD SYNNEX Introduces MSP Evolve to Empower MSP Growth Strategies

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX launched a High-Growth Technology Center of Excellence to accelerate partners' ability to tackle complex digital transformation initiatives.

TD SYNNEX Launches High-Growth Technology Center of Excellence to Enable Partner Evolution

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced the launch of their IBM® watsonx™ Gold 100 program.

TD SYNNEX Launches IBM® watsonx™ Gold 100 Program to Accelerate AI Opportunities for Partners

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SINGAPORE--(BUSINESS WIRE)--Tech Data, a TD SYNNEX Company, is launching Tech Data Capital in Singapore, Australia, and India, offering flexible financing solutions powered by selected financial institutions exclusively to its partners and end-customers. Following earlier launches in North America and Europe, this expansion further bolsters efforts to leverage Tech Data's strength, agility, and expertise in delivering solutions that cater to the needs of the channel ecosystem. As rapid technolo.

Tech Data Capital to Launch in Singapore, India, and Australia to Empower Partner Growth Through Flexible Financial Solutions

FREMONT, Calif.--(BUSINESS WIRE)--Hyve Solutions Corporation, a leading provider of hyperscale digital infrastructures, has become a design partner for the NVIDIA HGX platform.

Hyve Solutions Named Design Partner for NVIDIA HGX Product Line

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Here's Why TD SYNNEX (SNX) is a Strong Value Stock

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--This week, TD SYNNEX (NYSE:SNX) is kicking off its Spring 2024 programming for CommunitySolv, its North American partner community.

TD SYNNEX CommunitySolv Kicks off Spring 2024 Events

Collaboration advances enterprise cyber-resiliency footprint across hybrid environments with immutable object storage software SAN FRANCISCO , April 9, 2024 /PRNewswire/ – Scality , a global leader in cyber-resilient storage for the AI era, today announced a strategic partnership with TD SYNNEX to distribute Scality's secure, simple object-storage software solutions to resellers serving enterprises in the DACH region. The partnership extends the reach of Scality's advanced object-storage solutions to organizations seeking affordable, enterprise-grade ransomware backup solutions to strengthen their cyber security posture across hybrid-cloud environments.

Scality and TD SYNNEX partner to meet ransomware protection requirements for organizations in Germany, Austria and Switzerland

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced the pricing of the previously announced secondary public offering of 5,309,299 shares of its common stock. All of the shares in the offering are being sold by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”) and represent all the remaining shares owned by the Selling Stockholders. The offering is expected to cl.

TD SYNNEX Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced a proposed secondary public offering of 5,309,299 shares of its common stock currently held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”), which represent all the remaining shares owned by the Selling Stockholders. TD SYNNEX is not selling any shares of its common stock and will not receive any proceeds f.

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