TD Synnex Earnings Reports

TD SYNNEX delivered strong Q1 FY25 results with $14.53 billion in revenue and $2.80 in non-GAAP EPS. Despite challenges from a higher net revenue presentation, the company demonstrated solid performance with broad-based growth in gross billings and improved margins in the Americas.

TD Synnex reported Q4 revenue of $15.8 billion, exceeding their outlook. Net income was $195 million, with non-GAAP net income reaching $263 million. Diluted EPS was $2.29, and non-GAAP diluted EPS was $3.09, also surpassing expectations. The company's strong performance was attributed to its comprehensive portfolio and global presence.

TD Synnex reported a strong Q3 with revenue at $14.7 billion, at the upper end of their outlook. Non-GAAP gross billings were $20.3 billion, above the high end of their outlook. Net income was $179 million, and non-GAAP net income was $245 million, both above the midpoint of their outlook. Diluted EPS was $2.08, and non-GAAP diluted EPS was $2.86, also above the midpoint of their outlook.

TD Synnex reported Q2 2024 results with revenue of $13.9 billion. The company saw a slight decrease in revenue compared to the previous year, but experienced growth in non-GAAP gross billings. EPS was reported at $1.66, and non-GAAP EPS at $2.73. The company returned $288 million to shareholders through share repurchases and dividends.

TD Synnex reported revenue of $14.0 billion for Q1 2024, within their outlook. The company achieved record margins and EPS at the upper end of their expectations. They also generated healthy free cash flow and returned robust capital to shareholders.

TD Synnex reported Q4 revenue of $14.4 billion and non-GAAP EPS of $3.13, exceeding the high end of prior guidance. The company successfully navigated a challenging market in fiscal year 2023, generating robust free cash flow of $1.3 billion and returning $751 million to shareholders. They anticipate IT spending to rebound in 2024.

TD Synnex reported fiscal 2023 third quarter results with revenue of $14.0 billion, diluted EPS of $1.49, and non-GAAP diluted EPS of $2.78. The company's results demonstrate momentum in high-growth technologies, with margin expansion in the Americas and strong EPS generation.

TD Synnex reported a decrease in revenue by 7.9% year-over-year to $14.1 billion, but operating income remained flat at $253 million. The company achieved $30 million in incremental merger-related cost synergies and returned $93 million to shareholders. They are focused on additional cost savings and accelerating shareholder returns.

TD Synnex reported Q1 2023 revenue of $15.1 billion, a 2% decrease year-over-year, but a 1% increase in constant currency. The company's operating income increased by 34% to $298 million, and EPS rose by 28% to $1.75. They also returned $148 million to shareholders through share repurchases and dividends.

TD Synnex reported a 4% increase in fiscal fourth quarter revenue to $16.2 billion and a 20% increase in non-GAAP diluted EPS to $3.44. The company exceeded financial goals for both the quarter and the year, despite headwinds from foreign currency and higher interest rates. The Board of Directors has declared a Q1 dividend per share of $0.35, a 17% increase to the prior quarter, and authorized a new $1 billion share repurchase program.

TD Synnex reported a strong Q3 with revenue of $15.4 billion, up 194.9% year-over-year, and operating income of $242 million. The company made significant progress on merger integration, exceeding targets for non-GAAP EPS accretion and cost synergy attainment.

TD Synnex reported revenue of $15.3 billion, a 160.7% increase year-over-year, primarily due to the merger with Tech Data. Operating income was $253 million, and net income was $148.9 million. The company repurchased $29 million of its common stock during the quarter.

TD Synnex reported a strong fiscal first quarter with revenue of $15.5 billion, a 213.2% increase from the prior year, primarily due to the merger with Tech Data. Operating income was $222 million, and non-GAAP operating income was $432 million.

TD Synnex reported Q4 revenue of $15.6 billion, a 155.1% increase year-over-year, primarily due to the merger with Tech Data. Non-GAAP diluted EPS from continuing operations was $2.86, a 1.4% increase year-over-year.

TD Synnex reported a slight year-over-year revenue decline for legacy SYNNEX due to ongoing industry-wide supply chain shortages, but the team executed flawlessly, focusing on optimizing the core business and increasing value-added services and products, leading to improved margin performance.

SYNNEX Corporation reported strong financial results for the second quarter of fiscal 2021, with revenue up 31.0% year-over-year. The company's performance was driven by outstanding execution and a positive IT spending environment.

TD Synnex reported a strong first quarter with revenue up 21.0% year-over-year, driven by solid demand for technology products and services. The company is optimistic about the IT spending environment in 2021, fueled by digital transformation and remote enablement.

SYNNEX Corporation reported record financial results for the fiscal fourth quarter and fiscal year ended November 30, 2020. The company's revenue for Q4 FY20 was $7.414 billion, up 12.7% from Q4 FY19. Diluted EPS was $4.14, compared to $3.41 in the prior year. Non-GAAP diluted EPS was $5.21, compared to $4.26 in the prior year.

TD Synnex reported a strong third quarter with revenue of $6.465 billion, a 4.2% increase year-over-year. Diluted EPS was $2.60, and non-GAAP diluted EPS was $3.33. The company remains on track with the proposed spin-off of Concentrix.

TD Synnex reported a decrease in revenue, operating income, and net income for the second quarter of fiscal year 2020. Revenue was $5.53 billion, a 3.3% decrease compared to the prior year. Operating income was $111.7 million, a 36.0% decrease year-over-year. Net income was $57.0 million, a 50.2% decrease compared to the prior year.

SYNNEX Corporation reported financial results for the fiscal first quarter ended February 29, 2020. The company's Q1 results showed an increase in revenue, operating income, and net income compared to the same quarter of the previous year. However, due to the unpredictable environment caused by the COVID-19 pandemic, SYNNEX will not be providing financial guidance for the second quarter of fiscal 2020 and has suspended its quarterly cash dividend.

SYNNEX Corporation reported record financial performance in Q4, driven by strong contributions from Technology Solutions and Concentrix. Revenue increased by 18.7% and EPS increased by 39.2%.