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TD SYNNEX Corporation - SNX STOCK NEWS

Welcome to our dedicated page for TD SYNNEX Corporation news (Ticker: SNX), a resource for investors and traders seeking the latest updates and insights on TD SYNNEX Corporation stock.

TD SYNNEX Corporation (NASDAQ: SNX) is a prominent global player in IT distribution and business services. Established in 1980, the company has evolved into a $10.4 billion giant with over 53,000 associates worldwide. Recognized for its excellence, TD SYNNEX was ranked No. 260 on the Fortune 500 list in 2014.

The company's primary operations are divided into two key segments: Technology Solutions and Global Business Services. In the Technology Solutions segment, TD SYNNEX collaborates with over 300 leading technology manufacturers, facilitating the distribution of their products through a network of more than 20,000 value-added resellers, primarily in North America. Key product categories include IT systems, peripherals, system components, software, networking, and consumer electronics. Esteemed vendor partners include HP, Intel, Panasonic, Microsoft, Lenovo, Seagate, among others.

TD SYNNEX also excels in providing comprehensive business process outsourcing services. These services encompass technical support, renewals management, demand generation, direct sales, customer service, back-office processing, and IT outsourcing. These offerings position TD SYNNEX as a vital partner for many companies looking to streamline their operations and enhance efficiency.

The company's geographical segments cover the Americas, Europe, and APJ (Asia-Pacific and Japan), ensuring a widespread market presence and the capability to serve a diverse client base.

Recent Achievements and Projects

  • TD SYNNEX continues to innovate in the IT ecosystem, aggregating and distributing hardware, software, and systems including personal computing devices, mobile phones, printers, server and datacenter infrastructure, hybrid cloud solutions, security, networking, communications, and storage solutions.
  • The company has maintained strong partnerships and expanded its product offerings to meet evolving market demands.
  • Ongoing projects emphasize the enhancement of their IT distribution channels and the expansion of their global business services portfolio.

TD SYNNEX's commitment to excellence and innovation makes it a pivotal entity in the IT and business services sectors, with a significant impact on the market and a promising outlook for future growth.

Rhea-AI Summary
Spin.AI partners with TD SYNNEX to offer SpinOne SaaS security platform worldwide, reducing security and compliance risks. SpinOne includes SaaS Security Posture Management, ransomware detection, data leak prevention, and backup. It helps organizations reduce time and costs associated with SaaS security risks and compliance. SpinOne integration elevates TD SYNNEX's SaaS security solutions.
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TD SYNNEX announces revenue of $14.0 billion for Q3 FY23, meeting expectations. Non-GAAP gross billings of $18.6 billion, also in line with outlook. Net income of $139 million, above outlook. Diluted EPS of $1.49, exceeding expectations. Cash provided by operations of $592 million. Returned $136 million to shareholders. Americas revenue decreased by 10.3%. Europe revenue decreased by 9.7%. Asia-Pacific and Japan revenue increased by 10.3%. Q4 2023 outlook: Revenue of $14.0 - $15.0 billion. Non-GAAP gross billings of $18.5 - $19.7 billion. Net income of $116 - $162 million. Diluted EPS of $1.25 - $1.75.
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Hyve Solutions launches new Surface Mount Technology (SMT) lines to expand US manufacturing capabilities and enhance Secure Supply Chain commitment
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TD SYNNEX becomes primary global distributor for SAS, bringing SAS' AI and analytics software to select customers across Americas, Europe, and Asia. Partnership expected to boost SAS' indirect channel strategy and improve scalability. Resellers to benefit from enhanced experience and expanded reach in new markets.
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TD SYNNEX (NYSE: SNX) to report Q3 2023 financial results on September 26, 2023.
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TD SYNNEX partners with MinIO and Western Digital to offer a resilient data migration service, reducing downtime and improving data integrity
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Gigamon, the leading deep observability company, has signed a strategic partnership with TD SYNNEX, a leading global distributor, in North America. Through this partnership, Gigamon aims to meet the demand for deep observability solutions and expand its business and channel partner ecosystem. TD SYNNEX will gain access to new sales tools, marketing resources, and training to support enterprise sales of Gigamon solutions. The demand for deep observability is increasing and the market is forecasted to reach $2B by 2026, with Gigamon currently holding a 71 percent market share in 2022.
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TD SYNNEX (NYSE: SNX) has been recognized as a Certified™ Great Place to Work® for the second consecutive year. The award is based on a survey of current employees.
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TD SYNNEX has launched Destination AI, a program that offers AI services and resources to help partners gain a competitive edge. The program includes enablement assets, reference architectures, AI solution demos, and support from subject matter experts. TD SYNNEX has over 40 AI vendors in their catalog of solutions.
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SNX: TD SYNNEX Launches Data-Driven Partner Health and Fitness Tool at NexusDX Conference, Providing Insights for MSPs, VARs, and ISVs in High-Growth Technology Areas like Cloud, Cybersecurity, AI, and IoT
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FAQ

What is the current stock price of TD SYNNEX Corporation (SNX)?

The current stock price of TD SYNNEX Corporation (SNX) is $115.3 as of November 15, 2024.

What is the market cap of TD SYNNEX Corporation (SNX)?

The market cap of TD SYNNEX Corporation (SNX) is approximately 9.8B.

What does TD SYNNEX Corporation do?

TD SYNNEX Corporation is a global leader in IT distribution and business services, providing hardware, software, system components, and outsourcing services.

Who are TD SYNNEX's key vendor partners?

TD SYNNEX partners with major technology manufacturers like HP, Intel, Panasonic, Microsoft, Lenovo, and Seagate.

What segments does TD SYNNEX operate in?

TD SYNNEX operates in Technology Solutions and Global Business Services segments.

What types of business services does TD SYNNEX offer?

TD SYNNEX offers business process outsourcing services such as technical support, renewals management, demand generation, direct sales, customer service, back-office processing, and IT outsourcing.

In which geographical regions does TD SYNNEX operate?

TD SYNNEX operates in the Americas, Europe, and APJ (Asia-Pacific and Japan).

When was TD SYNNEX Corporation founded?

TD SYNNEX Corporation was founded in 1980.

What is the value of TD SYNNEX Corporation?

TD SYNNEX Corporation is valued at approximately $10.4 billion.

How many associates does TD SYNNEX have?

TD SYNNEX has over 53,000 associates worldwide.

What recent achievements has TD SYNNEX made?

TD SYNNEX has been innovating in the IT ecosystem, expanding its product offerings, and enhancing its distribution and business services channels.

Where can I find the latest news about TD SYNNEX?

You can find the latest news about TD SYNNEX on their official website and various financial news platforms.

TD SYNNEX Corporation

NYSE:SNX

SNX Rankings

SNX Stock Data

9.80B
85.09M
11.09%
90.24%
1.32%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
Link
United States of America
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