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.
Tsecond, a data mobility innovator, has partnered with TD SYNNEX (NYSE: SNX) to enhance digital transformation for enterprises. This collaboration aims to tackle challenges in data capture, storage, and processing, facilitating the movement of massive data from edge to cloud environments. The centerpiece of this partnership is Tsecond's BRYCK® platform, designed to efficiently handle large data volumes. The platform can process data at speeds of up to 40 GB/second, offering various capacity options. This strategic alliance is expected to broaden Tsecond's market reach and deliver increased value to TD SYNNEX's extensive customer base, which includes over 150,000 clients globally.
TD SYNNEX (NYSE: SNX) has been appointed as a global distributor for the Aruba EdgeConnect platform, enhancing their partnership with Hewlett Packard Enterprise (HPE). This collaboration aims to improve the distribution of EdgeConnect, a software-defined wide area network (SD-WAN) solution, across over 150 countries. The TD SYNNEX Global Solutions Team will leverage its extensive IT ecosystem to optimize performance and security for global customers. The EdgeConnect platform has seen significant double-digit growth, particularly outside the United States. TD SYNNEX was recognized as HPE’s Global Distributor of the Year for 2022, underscoring their longstanding relationship and commitment to innovation in IT distribution.
TD SYNNEX has been recognized as a 2023 "HP Inc. Partner of the Year" during the HP AMPLIFY Partner Conference, underscoring its achievements in growth and innovation. The company received the U.S. Print Hardware Distributor of the Year award, reaffirming its strong partnership with HP. Additionally, TD SYNNEX Canada was honored as the Canada Distributor of the Year. The selection criteria included strategic growth and innovation across various categories such as Personal Systems and Print Hardware. This recognition highlights TD SYNNEX's commitment to collaborating with HP to deliver value to mutual customers.
TD SYNNEX (NYSE: SNX) reported fiscal Q1 2023 results with revenue of $15.1 billion, a 2.2% decrease year-over-year, though showing a 0.7% growth in constant currency. Non-GAAP gross billings rose to $20.2 billion, up 1%. Operating income increased by 34% to $298 million, while diluted EPS climbed 28% to $1.75. The company achieved $25 million in merger-related cost synergies. Cash used in operations was approximately $103 million, and $148 million was returned to shareholders through stock repurchases and dividends. Guidance for the second quarter remains positive despite some challenges.
