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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 (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.

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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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Tech Data, a TD SYNNEX company, has partnered with Instructure to enhance educational solutions in India. This partnership aims to support Instructure's partners by providing on-ground assistance and leveraging Tech Data's local expertise. With a focus on the Instructure Learning Platform and its flagship product, Canvas, the collaboration seeks to meet the growing demand for EdTech solutions. Tech Data is committed to delivering effective learning management and analytics tools to improve educational outcomes across the Indian education sector.

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TD SYNNEX Corporation (NYSE:SNX) announced an Exchange Offer beginning June 14, 2022, to exchange its outstanding unregistered notes for new registered notes. The exchange involves up to $700 million of new 1.250% Senior Notes due 2024, $700 million of new 1.750% Senior Notes due 2026, $600 million of new 2.375% Senior Notes due 2028, and $500 million of new 2.650% Senior Notes due 2031. This initiative is aimed at fulfilling obligations under a registration rights agreement, with no proceeds expected from the offer. The Exchange Offer expires on July 14, 2022.

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Alert Logic by HelpSystems has partnered with TD SYNNEX to enhance their cybersecurity offerings by integrating managed detection and response (MDR) capabilities. This partnership aims to extend Alert Logic's market reach through TD SYNNEX’s vast network of over 20,000 resellers and retail customers. The collaboration is designed to bolster security solutions amid increasing cyber threats, providing organizations with comprehensive coverage and rapid incident response. This strategic move underscores both companies’ commitment to cybersecurity in today’s evolving threat landscape.

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TD SYNNEX (NYSE: SNX) will disclose its second-quarter fiscal 2022 financial results on June 28, 2022, before the U.S. market opens. The results will be discussed during a conference call at 5:00 a.m. PT / 8:00 a.m. ET the same day, led by CEO Rich Hume and CFO Marshall Witt. Interested stakeholders can access the earnings press release and a live audio webcast on the company’s investor relations website, with a replay available afterward.

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Tech Data India launches B2B eCommerce platform PEER CONNEXIONS to transform traditional business to digital
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TD SYNNEX (NYSE: SNX) has expanded its cloud solution portfolio with new offerings from Google Cloud, now immediately available to its partners. This strategic move enhances TD SYNNEX's cloud stack and positions it as a leading value distributor in the hybrid, multi-cloud landscape. The offerings aim to support businesses in their digital transformation journeys by providing a suite of services in AI, ML, data analytics, and collaboration. The integration of Google Cloud's capabilities is expected to empower channel partners and facilitate accelerated growth.

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TD SYNNEX has entered a new exclusive agreement as a cybersecurity aggregator partner for Broadcom Software in the U.S., focusing on the SMB sector. This partnership aims to enhance customer retention and growth for channel partners by delivering Symantec cybersecurity solutions. Key benefits include partner support, strong margins, and upsell opportunities. Both companies emphasize the significance of the SMB market and aim to establish deeper trust in the Symantec brand amidst increasing cybersecurity demand.

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ActZero, a cybersecurity startup, has announced a strategic partnership with TD Synnex to enhance its AI-powered managed detection and response (MDR) platform. This partnership, following an earlier collaboration with Tech Data, aims to broaden access to cybersecurity solutions for small and mid-sized businesses. The ActZero platform provides advanced protection against various cyber threats, utilizing AI for threat detection and response. TD Synnex will help accelerate the platform's adoption through its extensive global distribution network.

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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 $117.9 as of December 23, 2024.

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

The market cap of TD SYNNEX Corporation (SNX) is approximately 10.0B.

What does TD SYNNEX Corporation do?

TD SYNNEX Corporation is a global leader in IT distribution and business services, providing hardware, software, system components, and outsourcing services.

Who are TD SYNNEX's key vendor partners?

TD SYNNEX partners with major technology manufacturers like HP, Intel, Panasonic, Microsoft, Lenovo, and Seagate.

What segments does TD SYNNEX operate in?

TD SYNNEX operates in Technology Solutions and Global Business Services segments.

What types of business services does TD SYNNEX offer?

TD SYNNEX offers business process outsourcing services such as technical support, renewals management, demand generation, direct sales, customer service, back-office processing, and IT outsourcing.

In which geographical regions does TD SYNNEX operate?

TD SYNNEX operates in the Americas, Europe, and APJ (Asia-Pacific and Japan).

When was TD SYNNEX Corporation founded?

TD SYNNEX Corporation was founded in 1980.

What is the value of TD SYNNEX Corporation?

TD SYNNEX Corporation is valued at approximately $10.4 billion.

How many associates does TD SYNNEX have?

TD SYNNEX has over 53,000 associates worldwide.

What recent achievements has TD SYNNEX made?

TD SYNNEX has been innovating in the IT ecosystem, expanding its product offerings, and enhancing its distribution and business services channels.

Where can I find the latest news about TD SYNNEX?

You can find the latest news about TD SYNNEX on their official website and various financial news platforms.

TD SYNNEX Corporation

NYSE:SNX

SNX Rankings

SNX Stock Data

9.96B
75.57M
11.06%
87.95%
1.88%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
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United States of America
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