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 (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

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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

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Why Is Synnex (SNX) Down 9.3% Since Last Earnings Report?

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX has relaunched its MyShop e-commerce platform for U.S. partners with industry-leading enhancements including AI features.

TD SYNNEX MyShop E-Commerce Platform Relaunched with Industry Leading Enhancements and Technology

TD SYNNEX's (SNX) wholly owned subsidiary, Hyve Solutions Corporation, unveils its Hercules 9120 ultra-high-density mass storage platform, which contains 768 hard drives per rack.

TD SYNNEX's (SNX) Hyve Solutions Unveils Hercules 9120 Platform

Meta Platforms selects TD SYNNEX (SNX) as the exclusive North American distributor for its recently launched new suite of business products, including Meta Quest 3 and other generative AI products.

TD SYNNEX (SNX) to Distribute Meta's New Business Products

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX is launching a new ISV Acceleration Program to help ISVs succeed in high-growth markets of cloud, security, data and AI.

TD SYNNEX Launches ISV Acceleration Program in North America to Help Partners Capitalize on Growth in High-Growth IT Markets

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX will be the exclusive North American distributor for the new suite of business products announced by Meta last week.

TD SYNNEX to Serve as Primary Distribution Partner for New Meta Products

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--Findings of TD SYNNEX's Direction of Technology Report capture the explosion of interest in AI across the technology business partner ecosystem.

TD SYNNEX Report: AI Offerings Grow 625% Globally in One Year among Technology Resellers

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced the appointments of Kathy Crusco and Claude Pumilia to its board of directors effective September 28, 2023. The two appointments expand the board from 11 to 13 members. "We welcome Kathy and Claude to our Board of Directors. Their deep industry expertise, business acumen and proven track records of execution will augment our existing board and help drive innovation, deliver value, and contribute to TD SY.

TD SYNNEX Announces New Board Appointments

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX Capital, a financing division of TD SYNNEX is adding a new short-term credit program for U.S. customers with extended payment terms.

TD SYNNEX Capital Introduces New Short Term Credit Program to Empower Partner Growth

While the weak demand for Endpoint Solutions hurts TD SYNNEX's (SNX) Q3 top line, lower revenues and higher interest rates weigh on the bottom line.

TD SYNNEX (SNX) Q3 Earnings Top Estimates, Revenues Miss

TD Synnex Corporation (NYSE:SNX ) Q3 2023 Earnings Conference Call September 26, 2023 9:00 AM ET Company Participants Rich Hume - Chief Executive Officer Marshall Witt - Chief Financial Officer Liz Morali - Head of Investor Relations Conference Call Participants Ananda Baruah - Loop Capital Michael Ng - Goldman Sachs Adam Tindle - Raymond James Keith Housum - Northcoast Research Joseph Cardoso - JP Morgan Matt Sheerin - Stifel Ruplu Bhattacharya - Bank of America George Wang - Barclays Patrick Jackson - RBC Capital Markets Operator Good morning. My name is Jael and I will be your conference operator today.

TD Synnex (SNX) Q3 2023 Earnings Call Transcript

TD Synnex has reported a decline in third-quarter revenue as spending on new computers tails off following the COVID-19 pandemic. The IT services company's shares fell 4.2% to $97.60 by midday in New York.

TD Synnex shares slip as soft PC demand hits 3Q revenue

Synnex (SNX) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $2.74 per share a year ago.

Synnex (SNX) Q3 Earnings Top Estimates

PALO ALTO, Calif.--(BUSINESS WIRE)--Spin.AI, a leading innovator in cybersecurity and risk assessment for SaaS applications, and TD SYNNEX (NYSE: SNX), a leading distributor and solutions aggregator for IT ecosystems, today announced a new strategic, distribution partnership. This partnership gives TD SYNNEX resellers the ability to offer Spin.AI's all-in-one SaaS security platform, SpinOne. It also enables TD SYNNEX to offer SpinOne to its end user customers. The SpinOne platform includes SaaS.

Spin.AI and TD SYNNEX Partner to Provide SaaS Security Solutions to Resellers and Customers

Macy's

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal third quarter ended August 31, 2023. Consolidated Financial Highlights for the Fiscal 2023 Third Quarter: (Amounts may not add or compute due to rounding)       Q3 FY23   Q3 FY22   Net Change from Q3 FY22 Revenue ($M)   $ 13,960.6     $ 15,356.1     (9.1 )% Non-GAAP gross billings ($M)(1)   $ 18,583.6     $ 19,971.2     (6.9 )% Gross profit ($M)   $ 971.3     $ 916.0     6.

TD SYNNEX Reports Fiscal 2023 Third Quarter Results

TD SYNNEX's (SNX) Q3 performance is likely to have witnessed the negative impacts of a soft IT spending environment due to global recession concerns and headwinds from higher interest expenses.

TD SYNNEX (SNX) to Report Q3 Earnings: What's in Store?

TD Synnex is a tech distributor with a wide range of products, positioning it in the markets for IT hardware, software, and systems. The company's acquisition of Tech Data is starting to show positive returns, with improved cash flow and post-merger synergy targets achieved. SNX excels in capital efficiency and productivity, with high rates of capital turnover and working capital efficiency, marking a strong investment opportunity.

TD Synnex: Dividends, Buybacks, Capital Turnover, All Suggest Plenty Of Cash For Shareholders

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 launch of new Surface Mount Technology (SMT) lines that expand its US manufacturing capabilities. This expansion bolsters Hyve's ongoing commitment in providing customers with a Secure Supply Chain through locally-optimized efficiencies and lead time reductions. US manufacturing of secure ro.

Hyve Solutions Expands US Manufacturing Capabilities with New SMT Lines

The strategic agreement will enable both TD SYNNEX and SAS partners with expanded scale and capabilities LAS VEGAS and FREMONT, Calif. , Sept. 12, 2023 /PRNewswire/ -- SAS EXPLORE -- SAS, the leader in analytics, has signed a global agreement to make TD SYNNEX (NYSE: SNX), a leading global distributor and solutions aggregator for the IT ecosystem, its primary global distributor for SAS® solution provider partners.

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