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 today announced the appointment of Kristie Grinnell as Executive Vice President and Chief Information Officer, effective January 20, 2025.

TD SYNNEX Appoints Kristie Grinnell as Chief Information Officer

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 2024 before the U.S. market opens on Thursday, January 9, 2025. 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 avai.

TD SYNNEX to Announce Fiscal 2024 Full Year and Fourth Quarter Results on January 9, 2025

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX is excited to announce it is a recipient of a 2024 Geography and Global AWS Partner Award.

TD SYNNEX Awarded a 2024 AWS Partner Award

TD SYNNEX partners with LastPass to make the latter's password and identity management products accessible to IT resellers.

SNX Expands Its Partner Base With LastPass: What Should Investors Do?

SÃO PAULO--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX), a leading global distributor and aggregator of solutions for the IT ecosystem, today announced that it has completed its acquisition of the cloud migration business of IPsense, a leading cloud solutions provider specializing in the design, integration and deployment of AWS solutions in Brazil. The addition of IPsense's cloud migration business, paves the way for the creation of a new cloud competency center in Brazil, laying the foundation for.

TD SYNNEX Completes Acquisition of IPsense's Cloud Migration Business in Brazil

Maxar Technologies

WESTMINSTER, Colo.--(BUSINESS WIRE)--Maxar Intelligence, provider of secure, precise geospatial sights, today announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. This partnership will enable greater access to Maxar's industry-leading satellite imagery and geospatial insights through TD SYNNEX's marketplace. Operating the most advanced commercial Earth observation constellation on orbit, Maxar uses the power of very high-resolut.

Maxar Intelligence Announces Partnership with TD SYNNEX

BOSTON--(BUSINESS WIRE)--LastPass Announces Partnership with TD SYNNEX Ensuring password security and effortless access to credentials across customer IT ecosystem.

LastPass Announces Partnership with TD SYNNEX

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX today released the North American results of its third-annual Direction of Technology Report.

TD SYNNEX Report: Partners of the Future Embrace Collaboration, Advanced Solutions and Infrastructure in North America

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--As part of a commitment to innovation, TD SYNNEX is introducing new powerful, customer-centric capabilities for StreamOne®, its global cloud platform.

TD SYNNEX Elevates StreamOne® with New Commerce and Security Capabilities

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced today the appointment of industry veteran Tanuj Raja as Senior Vice President, North America Hyperscaler and Marketplace.

TD SYNNEX Strengthens Digital Platform Leadership with Addition of Tanuj Raja

MIRAMAR, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced its exclusive distribution agreement with IBM across 23 countries in the Caribbean. The agreement expands TD SYNNEX and IBM's longstanding partnership centered around connecting resellers in the Latin American and Caribbean (LAC) region to innovative solutions that accelerate business growth and maximize revenue opportunities. Under the agreement, IB.

TD SYNNEX Becomes Sole Distributor of IBM Solutions Throughout the English and Dutch Caribbean

IT spending and computer shipments are growing. SNX is undervalued and showing growth in revenue, margins, and cash flow returned to investors. The company announced a $2B share repurchase authorization.

TD Synnex: Growing And Improving With Potential 22.4% Return From Covered Calls

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE:SNX) today announced it has earned the prestigious Amazon Relational Database Service (RDS) Services Delivery Specialization, making it the first global solutions aggregator to achieve this designation. This designation recognizes TD SYNNEX's ability to manage complex tasks associated with Amazon RDS, enabling TD SYNNEX to better support partners through implementation, migration and integration. According to TD SYNNEX's recen.

TD SYNNEX Becomes First Global Solutions Aggregator to Achieve Amazon RDS Services Delivery Partner Status

MEXICO CITY--(BUSINESS WIRE)--As part of its Power Up road show in Mexico City, TD SYNNEX (NYSE: SNX), a leading global distributor and aggregator of solutions for the IT ecosystem, presented its third annual Direction of Technology report focusing on the Latin America and Caribbean region, which reveals that as the technology landscape evolves, Companies plan to invest in a robust technology infrastructure, leverage high-growth technologies, and work closely with skilled and trusted partners.

TD SYNNEX Releases Results of Annual Direction of Technology Study

TORONTO--(BUSINESS WIRE)--1Password Partners with TD SYNNEX.

1Password Partners with TD SYNNEX

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 its Orion product line featuring the NVIDIA HGX™ platform. To be unveiled at the 2024 OCP Global Summit, these new products are designed to meet the escalating demands of AI workloads with unmatched performance, scalability, and support service. Hyve Solutions, an NVIDIA Partner Ne.

Hyve Solutions Announces New Orion Product Line Featuring NVIDIA HGX Platform at 2024 OCP Global Summit

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, is pleased to announce the design and development of advanced network switches to accelerate rack-level AI deployment at scale, addressing the rapidly growing demand for high-performance AI workloads. Hyve Solutions is leveraging its design and manufacturing expertise as well as its global footprint to deliver.

Hyve Solutions Develops Advanced Network Switches to Accelerate Rack-Level AI Deployment at Scale

SNX partners with Iterate.ai to deliver advanced AI solutions, enhancing offerings for global resellers through AI-powered business tools.

TD SYNNEX Expands AI Capabilities Through Partnership With Iterate.ai

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced its Destination AI™ Practice Accelerator in North America to fast-track partner AI go-to-market efforts and monetization.

TD SYNNEX Launches Destination AI™ Practice Accelerator to Expand Partner Go-to-Market Efforts for Aggregated AI Solutions

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX today published its Third Annual Direction of Technology Report, a result of a survey of more than 1,000 global partners.

TD SYNNEX Report: Channel Partners Seek Balance Between Accelerating AI Innovation and Core Technologies

The partnership enables thousands of TD SYNNEX partners to offer Iterate.ai's cutting-edge AI tools—including its innovative Generate application for secure and flexible LLMs The partnership enables thousands of TD SYNNEX partners to offer Iterate.ai's cutting-edge AI tools—including its innovative Generate application for secure and flexible LLMs

Iterate.ai Partners with TD SYNNEX to Bring Advanced AI Solutions to Global Reseller Network

LONDON--(BUSINESS WIRE)-- #avd--SentryBay, the leaders in endpoint protection, has come to a partnership agreement with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. As a result, TD SYNNEX will add SentryBay's Armored Client solution for Microsoft AVD and W365 environments to its extensive portfolio. The partnership will initially serve TD SYNNEX's channel network of resellers in the USA and Canada, with plans to expand globally in the future, particularly into.

SentryBay Partnership With TD SYNNEX To Provide Critical Endpoint Protection For Microsoft AVD and W365 Environments

Examine the evolution of TD SYNNEX's (SNX) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Don't Overlook TD SYNNEX (SNX) International Revenue Trends While Assessing the Stock

I maintain a buy rating for SNX due to improving PC demand, AI adoption, and a complex IT environment driving growth. 3Q24 revenue grew 5% y/y to $14.7 billion, beating expectations; however, gross margin was softer at 6.5% vs. consensus of 6.9%. Despite lowered FY24 FCF outlook to $1 billion, growth investments justify this, and medium-term FCF target of >$1.5 billion/year remains intact.

TD Synnex Corp.: FY25 Should Be A Better Year

SNX's fiscal third-quarter performance reflects benefits from growth in the company's Advanced Solutions and Endpoint Solutions portfolios.

News for SYNNEX Stock (SNX)