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TD SYNNEX CORPORATION - SNX STOCK NEWS

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Overview of TD SYNNEX CORPORATION

TD SYNNEX CORPORATION (SNX) stands as a pivotal force in the IT ecosystem as a global distributor and solutions aggregator. Leveraging a robust network that connects major technology manufacturers with an extensive array of value-added resellers, the company plays a crucial role in advancing the distribution of IT hardware, software, and systems. Embedded in its operations are vital industry keywords such as "IT distribution" and "solutions aggregator," which underscore its comprehensive role in facilitating technology supply chains and business services.

Core Business and Operational Model

The company primarily operates by aggregating a wide spectrum of IT products that include personal computing devices, peripherals, network components, and enterprise-level systems. By bringing together leading IT manufacturers and hundreds of resellers, TD SYNNEX streamlines complex supply chains while ensuring that a multitude of businesses have ready access to cutting-edge technology. Beyond the physical distribution of products, the firm extends its capabilities into business process outsourcing areas including technical support, demand generation, customer service, and other administrative functions that support the IT sales cycle. This dual model of physical distribution and value-added services delivers a unique proposition that supports and enhances the entire technology ecosystem.

Global Reach and Market Segmentation

TD SYNNEX exercises its operational strength across multiple geographical regions including the Americas, Europe, and the Asia Pacific and Japan (APJ) markets. This global footprint ensures that the company is well-positioned to service both developed markets and burgeoning economies, delivering comprehensive IT solutions that cater to a diverse customer base. The company's structure is aligned to address the needs of various sectors ranging from corporate IT departments to smaller, innovative enterprises looking to harness advanced technology solutions.

Partnerships and Vendor Ecosystem

At the heart of TD SYNNEX's business model lies a commitment to robust partnerships with world-leading technology manufacturers. These alliances, which are instrumental in facilitating the smooth transition of products from manufacturers to end-user markets, cover a wide range of technology domains including networking, data center infrastructure, cloud computing, and security. The company’s ability to work closely with its vendors, through tailored distribution strategies and business process outsourcing support, demonstrates a finely tuned operational model that maximizes both efficiency and market penetration. In addition, recent strategic partnerships have highlighted the company’s ongoing effort to integrate innovative solutions in rugged computing and emerging tech, underscoring its adaptability in a competitive market landscape.

Competitive Position and Value Proposition

TD SYNNEX's market significance is largely derived from its unique ability to consolidate the IT distribution process through a reliable network that bridges manufacturers and resellers. Its customer-centric approach, combined with streamlined distribution channels and integrated business services, differentiates it from other market players. The company’s detailed focus on maintaining an extensive vendor portfolio, while also enhancing its service offerings through technical support and back-office processing, underpins its position as a trusted facilitator in the IT industry. This competitive advantage arises from not only its operational scale but also its nuanced understanding of the evolving demands of the technology sector.

Industry Expertise and Operational Excellence

TD SYNNEX is recognized for its expert grasp of industry dynamics, including supply chain management, technological innovation, and complex channel sales structures. The company continually adapts its practices to better serve the fluctuating needs of the technology markets, placing a strong emphasis on operational excellence and end-to-end process efficiency. Its expertise is evident in the way it integrates technological trends into its operational blueprint, ensuring that both partners and resellers benefit from streamlined distribution and support processes.

Comprehensive Service Offerings

The firm's service portfolio extends well beyond simple distribution. It provides comprehensive technical support services, demand generation programs, and customer relationship management solutions that underpin its role as an essential service provider in the IT space. By nurturing this broad scope of services, TD SYNNEX reinforces its mission to empower resellers and manufacturers alike, thereby catalyzing technological adoption across diverse market segments. This layered approach highlights the company's commitment to operational depth and ensures that every element of the IT supply chain is catered for with precision.

Conclusion

In summary, TD SYNNEX CORPORATION exemplifies a multi-dimensional approach to IT distribution and business process outsourcing, leveraging global networks and deep industry expertise to offer comprehensive solutions that benefit both manufacturers and resellers. Its commitment to operational excellence, strategic vendor partnerships, and innovative service offerings cements its role as a crucial enabler in technology distribution, reliably supporting the needs of a diverse and evolving market.

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 $95.81 as of April 4, 2025.

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

The market cap of TD SYNNEX CORPORATION (SNX) is approximately 8.3B.

What is TD SYNNEX CORPORATION's core business model?

TD SYNNEX operates as a global distributor and solutions aggregator, connecting major technology manufacturers with an extensive network of value-added resellers while offering diverse business process outsourcing services.

How does TD SYNNEX generate its revenue?

The company generates revenue through IT product distribution, facilitating sales channels for hardware, software, and related systems, and by providing a range of value-added services like technical support and back-office processing.

Which market segments does the company serve?

TD SYNNEX serves a wide spectrum of sectors, including corporate IT departments, enterprise technology buyers, and small to medium-sized businesses, across diverse regions such as the Americas, Europe, and APJ.

Who are some of TD SYNNEX's strategic vendor partners?

The company partners with leading technology manufacturers across various domains, ensuring access to a broad range of IT hardware, software, and systems, and enhancing its service offerings.

What differentiates TD SYNNEX from other players in the IT distribution industry?

Its dual role as both a distributor and a provider of integrated business services, combined with a global operational footprint and deep expertise in supply chain management, sets TD SYNNEX apart.

How does TD SYNNEX support its value-added reseller network?

The company provides extensive technical support, demand generation programs, and customer service solutions to enable resellers to effectively market and distribute technology products.

Where does TD SYNNEX operate globally?

TD SYNNEX operates across multiple regions including the Americas, Europe, and the Asia Pacific and Japan (APJ) markets, providing a broad reach to support global technology distribution.

Can you explain the business process outsourcing services offered by TD SYNNEX?

In addition to physical distribution, TD SYNNEX offers business process outsourcing services such as technical support, renewals management, and comprehensive back-office solutions, enhancing its overall value proposition in the IT sector.
TD SYNNEX CORPORATION

NYSE:SNX

SNX Rankings

SNX Stock Data

8.35B
77.84M
6.4%
90.37%
1.54%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
Link
United States
FREMONT