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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 (SNX) serves as your centralized source for official news and developments from the global IT distribution leader. This repository aggregates essential updates including financial results, strategic partnerships, technology ecosystem expansions, and operational milestones.

Investors and industry professionals gain direct access to primary source documents including earnings releases, executive announcements, and supply chain innovations. Our curated feed ensures timely updates on SNX's role in connecting 150,000+ technology solutions across hardware distribution, cloud services, and business process outsourcing.

The archive features categorized updates on:
- Quarterly financial performance and annual reports
- Strategic vendor partnerships and channel expansions
- Technology solution launches and service enhancements
- Corporate governance updates and leadership changes

Bookmark this page for streamlined tracking of SNX's market position as a Fortune 500 leader in IT infrastructure and solutions aggregation. Verify time-sensitive decisions against original press releases and official statements.

News

TD SYNNEX Report: AI Offerings Grow 625% Globally in One Year among Technology Resellers

Rhea-AI Summary
The 2023 Direction of Technology Report highlights the growing interest in AI and the resilience of technology resellers despite market uncertainty. Key findings include a 625% increase in partners offering AI/ML solutions, with high-growth technologies like cloud, AI and IoT, cybersecurity, and hyperscale infrastructure dominating partner offerings. Security is the top technology sold, followed by networking, servers and storage, and hybrid cloud. Skills gaps are evident, with managed services and security being the top skills needed. IT spending delivered by partners is estimated to reach 73% in 2023, with cybersecurity being the most partner-delivered technology. 77% of channel partners report revenue growth, achieved by shifting business models and offerings. Sales of product lifecycle services, owned IP, and resale of packaged services have risen by 150% to 200%. The number of managed service providers has increased significantly. ESG management is important to 37% of partners, with 38% performing ESG through hybrid or outsourced partnerships.
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-1.94%
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TD SYNNEX Announces New Board Appointments

Rhea-AI Summary
TD SYNNEX announces the appointments of Kathy Crusco and Claude Pumilia to its board of directors, expanding the board from 11 to 13 members. Their expertise in strategic, high-growth technologies will drive innovation and contribute to TD SYNNEX’s success. Crusco is an experienced CFO and board member with a history in software and unified communications industries. Pumilia brings extensive experience leading software and data services companies. The appointments aim to accelerate the adoption of new high-growth technologies globally.
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-1.6%
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TD SYNNEX Capital Introduces New Short Term Credit Program to Empower Partner Growth

Rhea-AI Summary
TD SYNNEX Capital introduces Amplify, a new short-term credit program for U.S. customers with extended payment terms, aiming to provide more credit capacity to partners and streamline the buying experience. Partners can choose their own net terms on eligible orders, with extended payment terms of 45, 60, 75, or 90 days. The program is expected to strengthen customer offerings and support business goals.
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2.05%
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Spin.AI and TD SYNNEX Partner to Provide SaaS Security Solutions to Resellers and Customers

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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-5.24%
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TD SYNNEX Reports Fiscal 2023 Third Quarter Results

Rhea-AI Summary
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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-5.24%
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Hyve Solutions Expands US Manufacturing Capabilities with New SMT Lines

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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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0.75%
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AI and analytics leader SAS selects TD SYNNEX as primary global distribution partner

Rhea-AI Summary
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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0.55%
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TD SYNNEX to Announce Third Quarter Fiscal 2023 Results on September 26, 2023

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TD SYNNEX (NYSE: SNX) to report Q3 2023 financial results on September 26, 2023.
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0.35%
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TD SYNNEX Launches Data Migration Service in North America

Rhea-AI Summary
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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-0.19%
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Gigamon Inks Strategic Partnership with TD SYNNEX in North America, Enables Channel Partners to Better Secure and Manage their Customers' Hybrid Cloud Infrastructure

Rhea-AI Summary
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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0.38%
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TD SYNNEX CORPORATION

NYSE:SNX

SNX Rankings

#689 Ranked by Market Cap
#1635 Ranked by Dividends

SNX Stock Data

8.65B
78.49M
6.4%
90.37%
1.54%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
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United States
FREMONT