TD SYNNEX CORPORATION - SNX STOCK NEWS

SYNNEX Corporation (NYSE: SNX) will report its Q1 fiscal 2021 financial results on March 22, 2021, after market close. A live earnings call is scheduled for 2:00 PM PT / 5:00 PM ET on the same day, featuring CEO Dennis Polk and CFO Marshall Witt. The earnings press release and a live audio webcast will be available at ir.synnex.com, with a replay accessible afterward. SYNNEX, founded in 1980, provides comprehensive technology distribution and services globally.

SYNNEX Corporation (NYSE: SNX) announced on March 10, 2021, that HPE GreenLake cloud services are now available through the SYNNEX Stellr Marketplace. This integration allows reseller partners to offer HPE GreenLake for various cloud services, enhancing their capacity to support mid-market and SMB customers with pre-configured solutions. The program aims to create recurring revenue streams for partners while providing scalable cloud services. HPE GreenLake caters to diverse IT environments, facilitating digital transformations for customers.

On February 8, 2021, SYNNEX Corporation (NYSE: SNX) announced that twelve of its executives have been recognized on CRN's 2021 Channel Chiefs list, highlighting leadership and innovation in the IT channel. The honorees include notable figures such as Bob Stegner and Jay Denton, who have significantly contributed to growth and success in their respective divisions. This recognition showcases SYNNEX's commitment to its partner community despite the challenges posed by the pandemic, demonstrating the effectiveness of its strategies and programs in driving growth.

SYNNEX Corporation (NYSE: SNX) announced that Greg Quesnel will not stand for re-election to its Board of Directors at the annual meeting on March 16, 2021. Quesnel has been a board member since 2005 and is currently the Chair of the Compensation Committee. His contributions during SYNNEX's significant growth and strategic acquisitions were acknowledged by the board, with leadership expressing gratitude for his mentorship. The company continues to operate across numerous countries and remains a key player in technology distribution and integration services.

PCTEL, Inc. (Nasdaq: PCTI) has announced a distribution agreement with SYNNEX Corporation, enhancing its antenna business in the Industrial IoT market. PCTEL's innovative antenna portfolio will leverage SYNNEX's strong customer relations to drive digital transformation. This strategic partnership aims to capitalize on growth opportunities within the Industrial IoT sector, benefiting both PCTEL and SYNNEX's clients in the public sector and federal markets as they embrace AI and cloud technology.

SYNNEX Corporation (NYSE: SNX) reported robust financial results for Q4 and FY20, with revenues reaching $7.414 billion and $24.676 billion, reflecting growth of 12.7% and 3.9%, respectively. Operating income for Q4 increased 19.5% to $320.6 million, and net income rose 22.2% to $215.2 million. The company's Technology Solutions segment saw a 13.9% revenue increase, while Concentrix achieved a 7.3% gain. The first quarter of FY21 outlook suggests continued positive momentum.

Dynabook Americas introduced the Satellite Pro laptop series, comprising models C40, C50, and L50, priced from $499.99. This series targets small and medium businesses, featuring 10th Gen Intel Core processors and Windows 10 options. The company partnered with SYNNEX Corporation to handle U.S. distribution, enhancing market reach. The laptops include modern designs, extensive connectivity options, and are equipped with antimicrobial technology. All configurations come with a one-year warranty.

Ribbon Communications (Nasdaq: RBBN) is expanding its partnership with Synnex (NYSE: SNX) to enhance the availability of its UC&C-enabling Edge solutions in the Caribbean and Latin America (CALA) markets. This collaboration aims to leverage Ribbon's advanced communications solutions, helping Synnex meet the demands of service providers and enterprises. Notable offerings include Microsoft-certified SBCs, analytics, and advanced application server platforms. Both companies believe this expansion will significantly increase market share and provide enhanced value to their partners.

SYNNEX Corporation (NYSE: SNX) will announce its fourth quarter fiscal 2020 financial results on January 11, 2021, after market close. A conference call will follow at 2:00 PM PT. Notably, SYNNEX is updating its non-GAAP financial measures for fiscal 2021, excluding share-based compensation and separation costs, in addition to restructuring costs and amortization of intangible assets. The earnings press release and a live audio webcast will be available at ir.synnex.com.