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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

TD SYNNEX's (SNX) Q4 top line reflects the impacts of weak demand for Endpoint Solutions. The bottom line benefits from lower interest expenses and tax rates.

TD SYNNEX (SNX) Q4 Earnings Top Estimates, Revenues Miss

Revolutionizing Availability and Accessibility of AI-Driven Computer Vision and Analytics Solutions SEATTLE , Jan. 10, 2024 /PRNewswire/ -- Centific, a global provider of AI and data services, today announced a strategic partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, to streamline deployment of Pitaya, Centific's cutting-edge computer vision and retail operations (retail ops) AI platform. This alliance is set to significantly enhance the accessibility and scalability of advanced AI-powered retail ops solutions.

Centific Partners with TD SYNNEX for Resale of Pitaya Retail Ops AI Platform

TD SYNNEX Corporation (SNX) Q4 2023 Earnings Call Transcript

Macy's

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2023. Consolidated Financial Highlights for the Fiscal 2023 Fourth Quarter:           Q4 FY23   Q4 FY22   Net Change from Q4 FY22   Revenue ($M)   $ 14,407.3     $ 16,248.0     (11.3 ) % Non-GAAP gross billings ($M)(1)   $ 19,744.4     $ 20,913.0     (5.6 ) % Gross profit ($M)   $ 1,018.6     $ 1,059.7     (3.9 ) % Non-GAAP.

TD SYNNEX Reports Fiscal 2023 Fourth Quarter and Full Year Results

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX today announced the upcoming retirement of Duane Zitzner from its Board of Directors.

TD SYNNEX Announces Upcoming Retirement of Duane Zitzner from Board of Directors

TD SYNNEX's (SNX) Q4 performance is expected to have been negatively impacted by a soft IT spending environment amid global recession concerns and headwinds from higher interest expenses.

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

The acquisition of Cokeva fortifies TD SYNNEX (SNX) Shyft unit's expertise, particularly in IT equipment repair services, and opens new doors for its clientele by integrating Cokeva's robust operations in Roseville, CA.

TD SYNNEX's (SNX) Shyft Buys IT Refurbishment Expert Cokeva

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--Shyft Global Services, a division of TD SYNNEX, has acquired Cokeva, Inc., an industry leader in repair, test and refurbishment of IT equipment.

Shyft Global Services, a Division of TD SYNNEX, to Acquire Cokeva, Inc.

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it will report its financial results for the fourth quarter and full year of fiscal 2023 before the U.S. market opens on Tuesday, January 9, 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 avail.

TD SYNNEX to Announce Fiscal 2023 Full Year and Fourth Quarter Results on January 9, 2024

TD SYNNEX (SNX) launches the Enablement Journey program for Microsoft 365 Copilot to boost its generative AI offerings.

TD SYNNEX (SNX) Unveils a Partner Program for Microsoft Copilot

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX launched its Enablement Journey for Microsoft 365 Copilot, a comprehensive program to prepare partners to navigate the AI-powered workplace.

TD SYNNEX Launches Global AI Enablement Journey for Microsoft 365 Copilot

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) proudly announced that it received a score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index.

TD SYNNEX Earns Second-Consecutive Top Score in 2023-2024 Corporate Equality Index

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX, (NYSE:SNX) today announced it has received the Palo Alto Networks 2023 Global and North American Distributor Partner of the Year award.

TD SYNNEX Awarded the Palo Alto Networks 2023 2023 Global and North American Distributor Partner of the Year

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)-- TD SYNNEX (NYSE: SNX) announced that Patrick Zammit has been named Chief Operating Officer, reporting to company CEO Rich Hume effective January 1.

TD SYNNEX Appoints Patrick Zammit Chief Operating Officer

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX will expand its AI enablement and training capabilities through a new vision AI solution, the Intel Geti software platform.

TD SYNNEX Expands Destination AI Ecosystem to Deliver Rapid AI Model Development

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced high-impact partner-driven updates at its largest North American customer event of the year, CommunitySolv.

TD SYNNEX Adds New Partner-Driven Features to CommunitySolv

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--Findings of the TD SYNNEX 2023 Direction of Technology Report show that North America partners are expanding high-growth technology capabilities.

TD SYNNEX Report Shows 186% Increase in North American Resellers Planning to offer AI/ML Solutions – But Only 29% Plan to Recruit AI/ML Skills

MEXICO CITY--(BUSINESS WIRE)--For second consecutive year, TD SYNNEX (NYSE: SNX) conducted the 2023 Direction of Technology annual study, showing significant numbers for Latin America. The purpose of this study is to capture the opinions and expectations of channel partners around their business models, business performance and strategy and understand the landscape of technology adoption by companies that purchase the products and services commercialized by partners. The conclusions of the regi.

Security and Networking: Technologies that Contribute the Most to Partner Revenue in Latin America and the Caribbean

Guidewire Software

MSCI

Tyler Technologies

The Zacks Business-Software Services industry players like MSCI, TYL, SNX and GWRE are poised to benefit from the robust demand trend for multi-cloud-enabled software solutions.

4 Stocks to Watch From a Prospering Business-Software Services Industry

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it will participate in two conferences with the financial community during the month of November. These sessions will be available via live webcast on the company's Investor Relations website, ir.tdsynnex.com, and archived replays will be available following the events. RBC Capital Markets Technology, Internet, Media and Telecommunications Conference Date: November 14, 2023 Presentation Time: 12:20 p.m. P.

TD SYNNEX to Participate in Upcoming Investor Conferences

LAS VEGAS, NV / ACCESSWIRE / November 2, 2023 / Tego Cyber Inc. (OTCQB:TGCB), a cybersecurity company focused on developing innovative cyber threat intelligence and autonomous threat correlation and hunting tools, today announced that it now is an approved vendor with TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem. TD SYNNEX will initially offer the Splunk and Amazon Security Lake integrations of the Tego Threat Hunting & Correlation application but will also carry future integrations of Tego's application as they become commercially available.

Tego Cyber Becomes Approved Vendor With TD Synnex

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--Findings of a new TD SYNNEX MSP Special Report show that MSPs are positioning for growth through business planning and expanded technology offerings.

TD SYNNEX Special Report: MSPs' Strategic Investments in Business Consulting and Planning are Paying Off

Himax Tech

SolarEdge Technologies

Sonos

Block

Tower Semiconductor

Vizio Holding Corp

While the innovation sphere experienced a dramatic rise in attention, the fear of holding the bag might lead more investors to consider the (possible) virtue of targeting de-risked tech stocks. That's a euphemism I picked up somewhere.

7 De-Risked Tech Stocks to Pick Up for Cheap

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--Datech, the specialist design software business of TD SYNNEX, has set out plans to expand its solution portfolio.

TD SYNNEX Datech Broadens Its Design Solutions Portfolio With Additional Specialist Vendors

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

News for SYNNEX Stock (SNX)