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), a leading global distributor and solutions aggregator for the IT ecosystem, and its Board today announced the following Board member responsibility changes effective September 1, 2023: Ann Vezina, current lead independent director will become Chair of the Board of Directors. Dennis Polk, current Chair, will continue as a Board member and retain his existing executive responsibilities. “I am excited for Ann to take on th.

TD SYNNEX Appoints Ann Vezina as Chair of the Board of Directors Effective September 1, 2023

FREMONT, Calif. , Aug. 1, 2023 /PRNewswire/ -- Niagara Networks™, a Silicon Valley-based company that pioneers the award-winning Open Visibility Platform™, announced today a new partnership with TD SYNNEX a leading global distributor and solutions aggregator for the IT ecosystem.

NIAGARA NETWORKS PARTNERS WITH TD SYNNEX TO STRENGTHEN TOP-TIER GLOBAL IT SOLUTIONS

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX was recognized as Worldwide Surface Distributor of the Year in multiple regions, as well as US Microsoft Surface Distributor of the Year.

TD SYNNEX Recognized as Distributor of the Year in Multiple Regions as Part of FY23 Worldwide Microsoft Surface Partner Awards

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) will attend the KeyBanc Technology Leadership Forum on August 7, 2023. Marshall Witt, CFO, will participate in a fireside chat at 11:30 a.m. MT. A live webcast of the fireside chat will be available on the Investor Relations website, ir.tdsynnex.com, and an archived replay will be available following the event. About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecos.

TD SYNNEX to Participate in the KeyBanc Technology Leadership Forum

BELLEVUE, Wash.--(BUSINESS WIRE)-- #cloudgovernance--CoreStack, a global multi-cloud governance provider, and TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, have announced a new strategic global partnership. The TD SYNNEX FinOps Circle of Excellence (COE) is a new innovative solution intended to help kick-start partners' financial operations. The solution combines the Well-Architected Framework from Amazon Web Services (AWS) and CoreStack's AI-powered NextGen Cloud Governan.

CoreStack and TD SYNNEX Join Hands for a New Strategic Partnership

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With the integration of advanced solutions such as generative artificial intelligence, the best tech stocks to buy have dominated investment-resource-related headlines. However, a common concern currently permeates the digital ecosystem: not wanting to hold the bag.

Why These 7 Stocks Are the Best Ways to Play Tech Right Now

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced today it has achieved the Silver Medal from EcoVadis, a leading provider of business sustainability ratings.

TD SYNNEX Achieves Silver EcoVadis Medal

While the weak demand for Endpoint Solutions hurts TD SYNNEX's (SNX) Q2 top line, lower revenues and higher interest rates weigh on the bottom line.

TD SYNNEX (SNX) Falls as Q2 Earnings & Revenues Miss Estimates

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced it has won the Operational Excellence 2023 Microsoft Partner of the Year Award.

TD SYNNEX Recognized as Winner of 2023 Microsoft Operational Excellence Partner of the Year

TD SYNNEX Corporation (SNX) Q2 2023 Earnings Call Transcript

Synnex (SNX) came out with quarterly earnings of $2.43 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.72 per share a year ago.

Synnex (SNX) Lags Q2 Earnings and Revenue Estimates

Macy's

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal second quarter ended May 31, 2023. Consolidated Financial Highlights for the Fiscal 2023 Second Quarter: (Amounts may not add or compute due to rounding)       Q2 FY23   Q2 FY22   Net Change from Q2 FY22 Revenue ($M)   $ 14,062.1     $ 15,269.8     (7.9 )% Non-GAAP gross billings ($M)(1)   $ 18,715.9     $ 19,684.5     (4.9 )% Operating income ($M)   $ 252.9     $ 252.7  .

TD SYNNEX Reports Fiscal 2023 Second Quarter Results

TD SYNNEX's (SNX) Q2 performance is likely to have witnessed the negative impacts of a soft IT spending environment due to global recession concerns, unfavorable currency exchange rates and higher interest rates.

TD SYNNEX (SNX) to Report Q2 Earnings: What's in the Offing?

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX), a leading global distributor and solutions aggregator for the IT ecosystem, has landed at No. 64 on the 2023 FORTUNE 500 List.

TD SYNNEX Recognized as No. 64 on 2023 FORTUNE 500 List

Synnex (SNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Synnex (SNX) to Report a Decline in Earnings: What to Look Out for

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced today it has received the North America Distributor of the Year award from Hewlett Packard Enterprise (HPE).

TD SYNNEX Recognized as North America Distributor of the Year by Hewlett Packard Enterprise

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it will report its financial results for the second quarter of fiscal 2023 before the U.S. market opens on Tuesday, June 27, 2023. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day, hosted by Rich Hume, CEO, and Marshall Witt, CFO. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at ir.tdsynnex.com, and a r.

TD SYNNEX to Announce Second Quarter Fiscal 2023 Results on June 27, 2023

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FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX has been selected as the 2022 Distributor of the Year by Veeam® Software, the leader in Data Protection and Ransomware Recovery.

TD SYNNEX Named 2022 North American Distributor of the Year by Veeam

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

Why Is Synnex (SNX) Down 7% Since Last Earnings Report?

TD Synnex: A Well-Positioned Player In The Technology Distribution Sector.

TD Synnex: A Well-Positioned Player In The Technology Distribution Sector

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX has been selected by Aruba, a Hewlett Packard Enterprise (HPE) Company, as a global distributor for the Aruba EdgeConnect platform.

TD SYNNEX Named Global Distributor for Aruba EdgeConnect

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) has been named a 2023 “HP Inc. Partner of the Year" in two categories.

TD SYNNEX U.S. and Canada Named “HP Inc. Partners of the Year”

While a mix shift to high-growth technologies makes TD SYNNEX's (SNX) first-quarter fiscal 2023 revenues decline, high interest expenses hinder earnings.

TD SYNNEX (SNX) Q1 Earnings Beat, Revenues Miss Estimates

Start Time: 09:00 January 1, 0000 9:48 AM ET TD SYNNEX Corporation (NYSE:SNX ) Q1 2023 Earnings Conference Call March 28, 2023, 09:00 AM ET Company Participants Rich Hume - CEO Marshall Witt - CFO Liz Morali - Head of IR Conference Call Participants Keith Housum - Northcoast Research Sameer Kalucha - RBC Joseph Cardoso - JPMorgan Tim Long - Barclays Ruplu Bhattacharya - Bank of America Adam Tindle - Raymond James Matt Sheerin - Stifel Shannon Cross - Credit Suisse Operator Ladies and gentlemen, good morning. My name is Abby, and I will be your conference operator today.

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