TD SYNNEX CORPORATION - SNX STOCK NEWS

TD SYNNEX (NYSE: SNX), a global IT distributor, has achieved AWS Premier Tier Services Partner status in the Amazon Web Services (AWS) Partner Network. This recognition affirms SYNNEX's commitment to building strong relationships and expertise in delivering cloud solutions. The rigorous approval process involved numerous accreditations, certifications, and significant investment in AWS. With this status, TD SYNNEX aims to enhance its strategic initiatives in cloud migrations and other areas, further reinforcing its capabilities and customer confidence in the cloud services space. This achievement will drive growth and success for its partners and their clients.

TD SYNNEX (NYSE: SNX) will announce its financial results for Q1 fiscal 2023 on March 28, 2023, before U.S. market opens. A conference call with CEO Rich Hume and CFO Marshall Witt will take place at 6:00 a.m. PT / 9:00 a.m. ET. Interested parties can access the earnings release and the live audio webcast through ir.tdsynnex.com. With over 150,000 customers globally and a diverse product portfolio, TD SYNNEX continues to strive for innovation in technology solutions. The company is committed to being a respected corporate citizen, focusing on growth opportunities for its stakeholders.

TD SYNNEX (NYSE: SNX) recently announced its updated Channel for Microsoft, aimed at facilitating the transition of 400,000 organizations globally from the Microsoft Partner Network to the Microsoft Cloud Partner Program. This initiative, known as the Practice Builder for Microsoft, is available at no cost for TD SYNNEX solution providers. The program includes seven Practice Builder paths aligned with Microsoft's revised partner program, enhancing partners' capabilities in six solution designation areas. This move reflects TD SYNNEX's commitment to supporting channel partners in adapting to changes in the cloud landscape.

TD SYNNEX has partnered with Perimeter 81, a leading SASE platform, to enhance network security solutions for businesses facing increasing cyber threats. According to the 2022 U.S. Cybersecurity Census Report, businesses experience an average of 42 cyberattacks yearly. This partnership aims to broaden customer access to Perimeter 81’s award-winning cybersecurity platform, which has garnered recognition from Frost & Sullivan. Both companies emphasize the importance of secure network access for modern workforces.

TD SYNNEX (NYSE: SNX) has released its first Corporate Citizenship Report, highlighting progress in environmental, social, and governance (ESG) initiatives. The report outlines the company's commitment to sustainability, aiming for net-zero greenhouse gas emissions by 2045 and a 50% representation of women in its workforce by 2030. Notable achievements include diverting 350,000 mobile handsets from landfills and equipping 20,000 households with digital tools. CEO Rich Hume emphasized sustainability as central to business growth, while further detailing partnerships and training initiatives to enhance corporate citizenship.

TD SYNNEX Corporation (NYSE: SNX) has completed a secondary public offering, selling 5,175,000 shares of common stock, including an additional 675,000 shares from underwriters. The company did not receive proceeds from this sale. Concurrently, TD SYNNEX repurchased 900,000 shares at $97.00 each for a total of $87.3 million, using cash reserves under its $1 billion share repurchase program. The offering was facilitated by major financial institutions, including Goldman Sachs and Barclays. This strategic move aims to enhance shareholder value through share repurchases while no funds will go to the company from the stock sale.

TD SYNNEX Corporation (NYSE: SNX) has announced a secondary public offering of 4,500,000 shares at $97.00 each, solely sold by entities managed by Apollo Global Management. The offering is expected to close around January 30, 2023. Additionally, the company plans to repurchase 900,000 shares under its $1 billion share repurchase program, funded by existing cash. Underwriters include Goldman Sachs, Barclays, and Citigroup, with a 30-day option for an additional 675,000 shares. The company will not receive proceeds from the shares sold by the selling stockholders. A shelf registration statement for this offering was previously filed with the SEC.

TD SYNNEX Corporation (NYSE: SNX) announced a proposed secondary public offering of 4,500,000 shares held by affiliates of Apollo Global Management. Underwriters will have a 30-day option to purchase an additional 675,000 shares. Importantly, TD SYNNEX is not selling any shares and will not receive proceeds from this sale. Additionally, the Company plans to repurchase 900,000 shares, representing 20% of the offered shares, as part of its existing $1 billion share repurchase program, using existing cash. The offering is being managed by Goldman Sachs, Barclays, and Citigroup.