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 (SNX) serves as your centralized source for official news and developments from the global IT distribution leader. This repository aggregates essential updates including financial results, strategic partnerships, technology ecosystem expansions, and operational milestones.
Investors and industry professionals gain direct access to primary source documents including earnings releases, executive announcements, and supply chain innovations. Our curated feed ensures timely updates on SNX's role in connecting 150,000+ technology solutions across hardware distribution, cloud services, and business process outsourcing.
The archive features categorized updates on:
- Quarterly financial performance and annual reports
- Strategic vendor partnerships and channel expansions
- Technology solution launches and service enhancements
- Corporate governance updates and leadership changes
Bookmark this page for streamlined tracking of SNX's market position as a Fortune 500 leader in IT infrastructure and solutions aggregation. Verify time-sensitive decisions against original press releases and official statements.
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.
SYNNEX Corporation (NYSE: SNX) reported strong financial results for Q3 FY20, with revenue reaching $6.465 billion, a 4.2% increase from Q3 FY19. Operating income rose slightly to $209.1 million, while net income increased 9.2% to $134.5 million. Diluted EPS improved by 8.3% to $2.60. Despite these gains, non-GAAP operating income and margins saw declines. The company anticipates further growth with the proposed spin-off of Concentrix, which may boost stakeholder value.
SYNNEX Corporation (NYSE: SNX) will release its third quarter fiscal 2020 financial results on September 29, 2020, after market close. An earnings call will be held at 2:00 PM PT / 5:00 PM ET on the same day, featuring CEO Dennis Polk, CFO Marshall Witt, and EVP Chris Caldwell. Investors can access the earnings call via live audio webcast on the company's investor relations website, with a replay available later. SYNNEX is a leading business process services company with global operations across multiple regions.
