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Feb 29, 2020
TD Synnex Q1 2020 Earnings Report
TD Synnex's Q1 2020 results reflected strong execution by Technology Solutions and Concentrix.
Key Takeaways
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.
Revenue increased slightly by 0.3% year-over-year.
Operating income increased by 16.5% year-over-year.
Net income increased significantly by 40.7% year-over-year.
Diluted earnings per share increased by 39.6% year-over-year.
Forward Guidance
Due to the highly fluid, unprecedented and unpredictable current environment, SYNNEX will not be providing financial guidance for the second quarter of fiscal 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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