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.
TD SYNNEX (NYSE: SNX) has announced that Reyna Thompson will be appointed President of North America on December 1, following the departure of Peter Larocque. Thompson, who joined TD SYNNEX in 1993, has most recently led the North America Advanced Solutions business unit, focusing on cloud, security, data/AI, and data center solutions. She has been recognized by CRN magazine as one of the 'Top 100 Women of the Channel' and 'Channel Chief' multiple times.
CEO Patrick Zammit praised Thompson's 30-year track record and commitment to driving success for vendors and customers. Under her leadership, TD SYNNEX's CyberSolv, CloudSolv, and Public Sector programs have won industry recognition. Thompson also serves on the board of Elevate, a TD SYNNEX business resource group focused on elevating and mentoring women.
Janam Technologies, a provider of rugged mobile computers and contactless access solutions, has announced a new distribution agreement with TD SYNNEX (NYSE: SNX). This partnership aims to expand Janam's distribution network in the US and Canada, making its rugged mobile computers, RFID readers, and accessories immediately available to TD SYNNEX's partner community.
The collaboration is designed to create new revenue opportunities for value-added resellers (VARs) and managed service providers (MSPs) in the automatic identification and data capture (AIDC) market. TD SYNNEX will help extend Janam's reach to new resellers in key markets, including retail, manufacturing, warehousing, transportation and logistics, healthcare, and public safety.
This strategic relationship is expected to provide VARs and MSPs with streamlined access to Janam's products, comprehensive training programs, and co-marketing opportunities to help them grow their business and gain a competitive advantage.
TD SYNNEX (NYSE: SNX), a global IT distributor and solutions aggregator, has been Certified™ by Great Place to Work® for the third consecutive year. This recognition is based on a survey of current employees, with over 73% reporting TD SYNNEX as a great place to work, compared to 57% at the average U.S. company.
The company has focused on creating an inclusive environment and supporting co-workers' growth and success. Initiatives include professional development opportunities, internal awards, comprehensive benefits, and increased emphasis on corporate citizenship covering diversity, equity and inclusion, community engagement, and sustainability.
Great Place To Work research indicates that job seekers are 4.5 times more likely to find a great boss at Certified workplaces, and employees are 93% more likely to look forward to work, with better chances of fair pay and promotion.
eSentire, a leading Managed Detection and Response (MDR) provider, has expanded its partnership with TD SYNNEX, making its 24/7 MDR and Security Operations Center (SOC) services available to North American partners. The partnership offers:
- Rapid threat detection and containment: 99% reduction in detection times, 35-second response, and 15-minute Mean Time to Contain (MTTC)
- Comprehensive protection: Multi-signal investigation across network, endpoint, log, cloud, and identity sources
- AI-powered solutions: Including MDR for GenAI Visibility and eSentire Investigator application
- Flexible integration: Over 300 technology integration options and support for existing subscriptions
New offerings include CrowdStrike endpoint and identity protection with eSentire's 24/7 SOC and MDR support, enhancing cybersecurity options for TD SYNNEX customers.
Securonix, a leader in Security Information and Event Management (SIEM), has partnered with TD SYNNEX to distribute its AI-Reinforced SIEM platform to North American partners. This strategic alliance expands the market reach of Securonix EON, which integrates advanced AI capabilities into Securonix's SIEM platform. The partnership aligns with TD SYNNEX's focus on high-growth opportunities in cybersecurity, cloud, analytics, and AI.
Securonix has updated its Elevate partner program to facilitate easier adoption of AI-Reinforced CyberOps capabilities. The program offers tiered pricing, enablement benefits, and a standardized consumption model for TD SYNNEX ecosystem partners. It also allows partners to sell Securonix's User and Entity Behavior Analytics (UEBA) as a standalone solution, creating additional revenue opportunities.
TD SYNNEX (NYSE: SNX) has opened a Center of Excellence (CoE) in Latin America and the Caribbean in partnership with IBM. The CoE, headquartered in São Paulo, Brazil, offers business partners and companies the opportunity to explore cutting-edge technologies such as AI, data, automation, and sustainability solutions. It aims to support partners in co-creating solutions and generating new business opportunities.
The CoE is supported by a multidisciplinary team of over 25 professionals across the region, focusing on enhancing partners' capabilities in IBM software, Storage, and Red Hat technologies. TD SYNNEX is making significant investments in human resources, physical infrastructure, and marketing to ensure comprehensive support throughout the sales cycle, from training to lead generation.
TD SYNNEX (NYSE:SNX), a prominent global IT distributor and solutions aggregator, has seen seven of its leaders recognized on CRN's 2024 Inclusive Channel Leaders list. This accolade honors executives committed to fostering inclusive leadership within the IT channel. The recognized leaders are Derick Fluker, David Jordan, Meredith Payne, Rania Shehata, Jyotika Singh, Sukkie Steve-Fagbemi, and David Watts. Jackie Darling, VP of Diversity, Equity, and Inclusion at TD SYNNEX, highlighted the company's commitment to diversity and the leaders' dedication to creating an inclusive workplace. The Inclusive Channel Leaders list by CRN is an annual recognition that celebrates leaders in the IT ecosystem who promote equity and diversity. The 2024 list will be featured in CRN Magazine's August issue.
TD SYNNEX (NYSE:SNX), a prominent global IT distributor, has been honored by Dell Technologies as the 2024 Distributor of the Year in various regions. The accolades, announced at Dell Technologies World, recognize TD SYNNEX's significant market growth and excellence in distributing Dell products. The awards include Global Distributor of the Year, EMEA Distributor of the Year, North America Distributor of the Year, and APJ Distributor of the Year, with Tech Data India and Tech Data also receiving specific regional honors. Patrick Zammit, COO of TD SYNNEX, praised the global teams' dedication to delivering innovative solutions and collaborating effectively with Dell. Additionally, Dell acknowledged TD SYNNEX in Mexico as the Distributor with the Highest Growth in Storage earlier this year.
TD SYNNEX (NYSE: SNX) reported its fiscal 2024 second-quarter results, with revenue of $13.9 billion, within the expected range of $13.3-$14.9 billion. Non-GAAP gross billings were $19.3 billion, also hitting the upper end of the $18.4-$19.6 billion outlook.
Gross margin and non-GAAP gross margin improved to 6.98%. Net income was $144 million, with non-GAAP net income at $237 million. Diluted EPS was $1.66, and non-GAAP diluted EPS was $2.73. The company returned $288 million to shareholders through share repurchases and dividends, up 210% from the prior year.
Regionally, revenue saw minor declines in the Americas and Europe but grew in Asia-Pacific and Japan. The company announced a quarterly dividend of $0.40 per share, a 14% increase from the previous year. TD SYNNEX remains optimistic about growth prospects for the second half of the fiscal year.
TD SYNNEX (NYSE: SNX) announces that Patrick Zammit will become the new CEO, effective September 1, 2024, succeeding Rich Hume, who will retire but remain on the board of directors. Zammit has been the COO since January 2024, bringing extensive experience in driving growth and operational excellence. During his tenure, Hume led the company through significant growth and transformation, including major acquisitions and mergers. The Board of Directors expressed gratitude to Hume for his impactful leadership and looks forward to Zammit continuing to drive the company's strategic goals.
