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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.

Rhea-AI Summary
TD SYNNEX (SNX) announces a proposed secondary public offering of 9,000,000 shares of its common stock by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters have an option to purchase an additional 1,350,000 shares. The Company is not selling any shares and will not receive proceeds from the sale. A Concurrent Share Repurchase of 500,000 shares is authorized, not exceeding $60.0 million, funded by existing cash. The underwriters will not receive compensation for the shares repurchased by the Company.
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Cyolo announces a partnership with TD SYNNEX to enhance secure remote access capabilities for industrial enterprises. The collaboration aims to boost revenue streams by providing secure access to critical environments and systems through the Cyolo PRO platform.
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TD SYNNEX (SNX) reported strong financial results for the fiscal first quarter, with revenue of $14.0 billion, non-GAAP gross billings of $19.3 billion, and net income of $172 million. The company achieved record margins, with diluted EPS at $1.93 and non-GAAP diluted EPS at $2.99. Cash provided by operations was $385 million, and free cash flow was $344 million. TD SYNNEX returned $235 million to shareholders through share repurchases and dividends, showing a 59% increase from the prior fiscal first quarter.
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TD SYNNEX (SNX) celebrates the retirement of Matthew Miau, highlighting his impactful leadership and transformative growth during his three-decade tenure. Miau's legacy includes strategic acquisitions, IPO support, and the merger with Tech Data, shaping the company into a global IT solutions leader.
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TD SYNNEX (SNX) has been chosen by a major technology company to distribute its products, expanding its reach in the market.
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Ping Identity expands its Authorized Training Partner Network with TD SYNNEX in Europe and ExitCertified in North America to provide global access to identity and access management training. The partnership supports both Ping Identity and ForgeRock training schedules, offering a variety of training options to customers.
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Hyve Solutions, a subsidiary of TD SYNNEX , showcases AI products at NVIDIA GTC AI conference. Products cater to AI datacenters, hybrid cloud, and edge deployments. Hyve emphasizes collaboration with industry leaders like NVIDIA and commitment to technology leadership.
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ZutaCore showcases first dielectric cold plates for H100 and H200 at GTC 2024 in Boston, partnering with leading server manufacturers to support NVIDIA Tensor Core GPUs. The new cooling technology aims to enhance AI performance while addressing sustainability challenges faced by data centers. ZutaCore's HyperCool technology offers a solution for cooling high-power processors efficiently, paving the way for a more sustainable AI future.
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TD SYNNEX (SNX) launches TD SYNNEX Cloud Labs to offer virtualized environments for PoC demonstrations, aiming to accelerate go-to-market processes for vendors and address challenges in delivering flexible, scalable, and cost-efficient cloud solutions. The solution enables vendors to showcase product features and services seamlessly to end users, reducing resources needed for support and maintenance, shortening sales cycles, and optimizing cost-effectiveness.
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TD SYNNEX (SNX) will report its Q1 fiscal 2024 financial results on March 26, 2024, with a conference call scheduled for the same day. The earnings release and webcast will be available on ir.tdsynnex.com.
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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 $112.89 as of September 13, 2024.

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

The market cap of TD SYNNEX Corporation (SNX) is approximately 9.7B.

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

9.66B
85.46M
11.14%
88.52%
2.27%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
Link
United States of America
FREMONT