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.
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.
SYNNEX Corporation (NYSE: SNX) announced a partnership with Broadcom to enhance service levels for the Symantec Enterprise division. This agreement positions SYNNEX as one of only two authorized North American distributors of Symantec's full product portfolio, including Broadcom's new Cyber Security Aggregator Program. SYNNEX aims to leverage nearly 25 years of experience with Symantec to deliver improved support and resources to various customer segments. Exclusive offerings include technical support, onboarding assistance, and a rewards portal, enhancing the value proposition for partners.
GlobeX Data Ltd. (OTCQB:SWISF) has entered into a nationwide distribution agreement with SYNNEX Canada Limited, facilitating the availability of its Sekur secure communications solutions across Canada. The agreement allows SYNNEX to offer the Sekur suite, which includes secure email, file sharing, and messaging. GlobeX emphasizes its proprietary encryption technology and compliance with Swiss privacy laws, aiming to enhance data protection against cyber threats, particularly for SMEs and government organizations.
SYNNEX Corporation (NYSE: SNX) announced its 5G Acceleration Initiative designed for mobility solutions resellers. This initiative aims to enhance the U.S. IT channel's access to 5G technology through strong carrier relationships and a diverse line of carrier-certified devices. SYNNEX will help partners create vertical solutions and leverage the 5G ecosystem to deliver advanced applications such as augmented reality and IoT. The initiative also allows resellers to earn commissions on all 5G devices sold and activated, promoting growth in the mobility market.
SYNNEX Corporation (NYSE: SNX) has announced the planned separation of its customer experience subsidiary, Concentrix, into an independent, publicly traded company. Each SYNNEX stockholder will receive one share of Concentrix for each share of SYNNEX they own as of November 17, 2020. Concentrix shares are expected to start trading on NASDAQ under the ticker 'CNXC' from December 1, 2020. This strategic move aims to enhance agility and align investments with market opportunities, creating greater value for investors in both companies.
SYNNEX Corporation (NYSE: SNX) announced that its SYNNEX Comstor division won two prestigious Cisco Partner Summit Digital awards: Global Distributor of the Year and Americas Distributor of the Year. These accolades, awarded during Cisco's virtual event, recognize excellence in business practices and partner relationships. Senior VP Jay Denton highlighted the importance of these awards as a testament to the team's performance and the strength of vendor-distributor relationships. Cisco's awards reflect the top partners across all technology sectors globally.
Concentrix, a global leader in customer experience solutions, has launched Concentrix Experience Platform (XP), designed for next-generation customer experience management. XP leverages advanced cloud and AI technologies for self-service and contact centers, offering features like omnichannel journey orchestration and AI-based bots. The platform is customizable and available globally as a managed service with pay-as-you-go pricing. EVP Kathy Juve emphasized its ability to meet the evolving needs of consumers. The platform aims to help businesses modernize their customer engagement while controlling costs.
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