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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FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced the pricing and upsize of the previously announced secondary public offering of 10,500,000 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”). The offering is expected to close on or about April 2, 2024, subject to customary closing c.

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

TD SYNNEX's (SNX) first-quarter fiscal 2024 results reflect gains from market recovery, improving IT demand environment, diversification of portfolio and expansion of global line cards.

TD SYNNEX (SNX) Q1 Earnings Surpass Estimates, Sales Fall Y/Y

TD SYNNEX Corporation (SNX) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for TD SYNNEX (SNX) give a sense of how its business performed in the quarter ended February 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, TD SYNNEX (SNX) Q1 Earnings: A Look at Key Metrics

TD SYNNEX (SNX) came out with quarterly earnings of $2.99 per share, beating the Zacks Consensus Estimate of $2.86 per share. This compares to earnings of $2.93 per share a year ago.

TD SYNNEX (SNX) Q1 Earnings Surpass Estimates

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--TD SYNNEX Partners can now move their clients beyond mere “accessing” to “operating” safely and securely.

Cyolo Security Announces Partnership with TD SYNNEX

Macy's

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 29, 2024. Consolidated Financial Highlights for the Fiscal 2024 First Quarter:     Q1 FY24   Q1 FY23   Net Change from Q1 FY23 Revenue ($M)   $ 13,975.3     $ 15,125.4     (7.6 )% Non-GAAP gross billings ($M)(1)   $ 19,266.7     $ 20,202.2     (4.6 )% Gross profit ($M)   $ 1,005.8     $ 1,003.6     0.2 % Non-GAAP gross profit ($M)(1)   $ 1,005.

TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--In honor of his retirement from the Board of Directors, TD SYNNEX (NYSE: SNX) celebrates the remarkable legacy of Matthew Miau, a visionary leader in the IT industry whose impact extends far beyond the boardroom. As the Board's longest-tenured director with service spanning three decades, Miau's tenure began when he was named Chair of the SYNNEX Corporation Board in 1992. He served as Chair until 2008 followed by Chair Emeritus and Director,.

TD SYNNEX Recognizes Chair Emeritus and Technology Pioneer Matthew Miau

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) announced it has been selected by the NVIDIA Partner Network (NPN) as the Distribution Partner of the Year in the Americas.

TD SYNNEX Recognized by NVIDIA Partner Network as Distribution Partner of the Year in the Americas

Extensive training partnerships provide resources and expertise on identity and access management DENVER , March 19, 2024 /PRNewswire/ -- Ping Identity , a leading provider of seamless and secure digital experiences, announced the expansion of its Authorized Training Partner Network , furthering its training provider partnership with TD SYNNEX in Europe and with ExitCertified in North America to ensure greater global access to training content for its identity and access management (IAM) solutions. Following the combination with ForgeRock, the Ping Identity Authorized Training Partner Network will now support both ForgeRock and Ping Identity training schedules.

Ping Identity Expands Authorized Training Partner Network with TD SYNNEX and ExitCertified

SAN JOSE, Calif.--(BUSINESS WIRE)--Hyve Solutions Corporation, a wholly owned subsidiary of TD SYNNEX Corporation (NYSE: SNX) and a leading provider of hyperscale digital infrastructures, is showcasing at the NVIDIA GTC AI conference this week an array of products tailored for the entire AI lifecycle and catering to the demands of AI datacenters, hybrid cloud, and edge deployments. Hyve's offerings underscore its dedication to the design and deployment of advancements in AI and underscore its c.

Hyve Solutions Showcases Next-Generation AI Lifecycle Solutions at NVIDIA GTC AI Conference

Company Showcases First Dielectric Cold Plates for H100 and H200 at GTC 2024 in Boston Limited, Hyve Solutions and Pegatron Booths SAN JOSE, Calif. , March 13, 2024 /PRNewswire/ -- ZutaCore®, a leading provider of direct-to-chip, waterless liquid cooling solutions, today announced support for the NVIDIA H100 and H200 Tensor Core GPUs to help data centers maximum AI performance while delivering sustainability.

ZutaCore's HyperCool Liquid Cooling Technology to Support NVIDIA's Advanced H100 and H200 GPUs for Sustainable AI

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX launched Cloud Labs, a solution designed to accelerate go-to-market by giving a virtualized environment for Proof of Concept demos.

TD SYNNEX Cloud Labs Accelerates Vendor Go-To-Market Efforts

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it will report its financial results for the first quarter of fiscal 2024 before the U.S. market opens on Tuesday, March 26, 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.

TD SYNNEX to Announce First Quarter Fiscal 2024 Results on March 26, 2024

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) announced today further expansion of its AI offerings through an expanded collaboration with NVIDIA in North America.

TD SYNNEX Increases AI Offerings Through Expanded NVIDIA Collaboration

Crossword Cybersecurity PLC (AIM:CCS) has signed a partnership agreement with TD SYNNEX (NYSE: SNX), marking a significant expansion in the distribution of the company's Trillion platform across Europe. The team-up seeks to leverage TD SYNNEX's extensive network of small and medium-sized resellers, to boost the availability and support for Crossword's threat intelligence platform.

Crossword Cybersecurity inks partnership with TD Synnex

AUSTIN, Texas--(BUSINESS WIRE)--Living Security, Inc. ("Living Security"), the global leader in Human Risk Management (HRM), today announced a new partnership with TD SYNNEX, a global IT distributor and solutions aggregator formed through the merger of Tech Data and Synnex. This partnership will further expand Living Security's reach as they meet the growing demand for cutting-edge technologies that can provide deep insights and visibility into human risk to improve security behaviors throughou.

Living Security Announces Partnership with Global IT Solutions Aggregator TD SYNNEX

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it has been named one of the “2024 World's Most Admired Companies” by FORTUNE.

TD SYNNEX Named a 2024 FORTUNE World's Most Admired Company

BARCELONA, Spain--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced the appointment of Miriam Murphy as the company's new president, Europe.

TD SYNNEX appoints Miriam Murphy as leader of its business in Europe

CALGARY, AB , Jan. 31, 2024 /PRNewswire/ -- Today, SMART Technologies, the inventor of the SMART Board®, is announcing a new partnership with TD SYNNEX in the United States. TD SYNNEX is a leading global distributor and solutions aggregator for the IT ecosystem.

SMART Technologies Announces Partnership with TD SYNNEX, Expanding Access to Cutting-Edge Collaboration Technology

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--First paragraph should read: TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced a proposed secondary public offering of 7,625,000 shares of its common stock currently held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”). The underwriters will have a 30-day option to purchase up to an additional 1,143,750 shares of common stock from the Selling Stockholders.

CORRECTING and REPLACING TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

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NVIDIA

Plains All American Pipeline

If you've been around while, you might remember the old commercial slogan for Almond Joy and Mounds candy bars: “Sometimes you feel like a nut, sometimes you don't.”

Is 2024 the year of the dividend increase?

TD SYNNEX (SNX) achieves more than 2,000 partners in its Global AI Enablement Journey for Microsoft 365 Copilot.

TD SYNNEX (SNX) Adds 2000 Partners in Its Enablement Journey

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX recently surpassed the milestone of more than 2,000 partners engaged in its Enablement Journey for Copilot for Microsoft 365.

TD SYNNEX AI Programs Reach New Milestones to Support Channel Partner Readiness for Copilot for Microsoft 365

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced that Matthew Miau and Fred Breidenbach are planning to retire from TD SYNNEX's Board of Directors at the end of their current terms of office in March. With this news, the Board has nominated independent director Ting Herh, which will bring the board composition to 11 members, following the shareholder meeting. Herh's nomination will be included in the Proxy Statement issued in advance of the 2024 Annual.

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