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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.
TD SYNNEX (NYSE: SNX) has launched an inclusive Independent Software Vendor (ISV) experience aimed at accelerating Software-as-a-Service (SaaS) opportunities. This initiative leverages the company's partner ecosystem to enhance IT operations and automate processes. The ISV experience comprises three tiers: Business Acceleration, Technical Aggregation, and Marketing as a Service. Key benefits include automated billing, multi-cloud billing support, and access to professional services. The program is designed to support ISVs of all stages, helping them to innovate and grow their businesses.
Ribbon Communications has partnered with Poly and TD SYNNEX to introduce the Get Connected bundle, designed to facilitate the adoption of Microsoft Teams for remote and hybrid work environments. This solution features Ribbon Connect and Poly's CCX 600 desk phones or P15 video bars, allowing seamless voice connectivity.
Available through TD SYNNEX, enterprises can test the solution free for 60 days, aiming to enhance employee productivity and engagement.
TD SYNNEX (NYSE: SNX) has announced a global distribution partnership with Amazon Web Services (AWS) to provide the AWS Storage Gateway Hardware Appliance. This hardware appliance enhances procurement options for customers, allowing for seamless integration with on-premises applications. The solution supports various storage protocols and is designed for quick setup in environments lacking robust infrastructure. This partnership aims to streamline cloud migration and enhance business processes through TD SYNNEX's extensive partner network.
TD SYNNEX Corporation has completed its Exchange Offer, successfully exchanging unregistered notes for registered notes. This includes up to $700 million in 1.250% Senior Notes due 2024, $700 million in 1.750% Senior Notes due 2026, $600 million in 2.375% Senior Notes due 2028, and $500 million in 2.650% Senior Notes due 2031, reflecting high participation rates. The offer expired on July 14, 2022, with all validly tendered notes accepted. Settlement is scheduled for July 15, 2022. This action enhances the liquidity and compliance of the company’s debt securities.
Seclore announced a new partnership with TD SYNNEX, a global IT distributor, aimed at enhancing data protection solutions for enterprises. This collaboration focuses on delivering comprehensive data-centric security solutions, emphasizing real-time tracking and visibility to counter unauthorized data activities. The partnership is seen as a significant step in educating the market on Seclore’s capabilities. TD SYNNEX aims to broaden its offerings with this addition, reinforcing its commitment to driving business outcomes and growth for its customers.
TD SYNNEX reported its fiscal Q2 2022 results, highlighting a significant revenue increase of 160.7% year-over-year, reaching $15.3 billion. However, revenue declined 1.3% sequentially. The operating income rose to $253 million, up 13.6% from Q1 FY22, while net income increased 12.5% to $148.9 million. The diluted EPS was $1.55, a 13.1% increase from the previous quarter, albeit down 12.9% year-over-year. The company remains focused on merger integration and strategic growth initiatives.
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