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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.

News

CORRECTING and REPLACING TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Rhea-AI Summary
TD SYNNEX Corporation (SNX) has announced a secondary public offering of 7,625,000 shares of its common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters have a 30-day option to purchase up to an additional 1,143,750 shares. The company is not selling any shares and will not receive any proceeds from the sale. Additionally, the company has authorized the purchase of 1,375,000 shares of common stock as part of the secondary public offering, with a total repurchase limit of $160.0 million. The company intends to fund the repurchase from existing cash on hand. Goldman Sachs & Co. LLC, BofA Securities, Inc., and RBC Capital Markets, LLC are acting as joint bookrunners and underwriters for the offering.
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TD SYNNEX AI Programs Reach New Milestones to Support Channel Partner Readiness for Copilot for Microsoft 365

Rhea-AI Summary
TD SYNNEX (NYSE: SNX) has recently reached a significant milestone with over 2,000 partners engaged in the Enablement Journey for Copilot for Microsoft 365. This program has also been expanded to be available to cloud solution providers, with over 500 individuals certified in the TD SYNNEX program. The industry's enthusiasm for developing expertise in generative AI is evident, as shown by the recent milestones and the expansion of Copilot for Microsoft 365, which offers enhanced user productivity and creativity across popular Microsoft apps with enterprise-grade security and responsible AI.
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TD SYNNEX Announces Upcoming Board Retirements

Rhea-AI Summary
TD SYNNEX (NYSE: SNX) announces the retirement of Matthew Miau and Fred Breidenbach from the Board of Directors, with Ting Herh nominated as the new independent director. Herh's nomination will bring the board composition to 11 members. Miau and Breidenbach have provided long-standing service, with Miau being the longest-tenured director since 1992. The company expresses gratitude for their leadership and commitment. Ting Herh brings over 40 years of experience in the technology industry and is expected to be a valuable addition to the board.
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Centific Partners with TD SYNNEX for Resale of Pitaya Retail Ops AI Platform

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Centific (CTFC) partners with TD SYNNEX to enhance accessibility and scalability of Pitaya, its AI-powered retail ops platform, revolutionizing availability and accessibility of AI-driven computer vision and analytics solutions.
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TD SYNNEX Reports Fiscal 2023 Fourth Quarter and Full Year Results

Rhea-AI Summary
TD SYNNEX (NYSE: SNX) announced fiscal fourth quarter revenue of $14.4 billion, non-GAAP gross billings of $19.7 billion, net income of $188 million, and free cash flow of $1.3 billion, returning $751 million to shareholders in fiscal 2023. The company declared a Q1 dividend per share of $0.40, a 14% increase to the prior quarter.
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TD SYNNEX Announces Upcoming Retirement of Duane Zitzner from Board of Directors

Rhea-AI Summary
TD SYNNEX (SNX) announces the retirement of Duane Zitzner from its Board of Directors, effective at the 2024 Annual Meeting of Stockholders. Zitzner, who has served as a Director since 2007, has provided over 15 years of leadership and expertise to help transform TD SYNNEX into a leading technology distributor and solution aggregator.
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Shyft Global Services, a Division of TD SYNNEX, to Acquire Cokeva, Inc.

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Shyft Global Services (SNX) acquires Cokeva, Inc., expanding repair capabilities, certifications, and footprint. Cokeva's 220,000 sq. ft. facility in Roseville, California, holds ISO 9001:2015 and ISO 5/Class 100 certifications. Shyft now has certified facilities in Ohio, Poland, Netherlands, Singapore, and California, enhancing end-to-end technology services.
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TD SYNNEX to Announce Fiscal 2023 Full Year and Fourth Quarter Results on January 9, 2024

Rhea-AI Summary
TD SYNNEX (NYSE: SNX) will report its Q4 and full year fiscal 2023 financial results on January 9, 2024, before the U.S. market opens. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The earnings press release and a live audio webcast of the call will be accessible at ir.tdsynnex.com.
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-0.89%
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TD SYNNEX Launches Global AI Enablement Journey for Microsoft 365 Copilot

Rhea-AI Summary
TD SYNNEX (NYSE: SNX) launches Enablement Journey for Microsoft 365 Copilot, a comprehensive program to prepare partners for AI-powered workplace productivity. It aims to capitalize on the trend of Generative AI becoming a workforce partner for 90% of companies globally. The program offers early access to insights, sales and technical enablement, training, and readiness tools. Microsoft 365 Copilot is part of TD SYNNEX's Destination AI program, providing a competitive edge in the AI market, valued at over $530 billion.
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TD SYNNEX Awarded the Palo Alto Networks 2023 2023 Global and North American Distributor Partner of the Year

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TD SYNNEX (SNX) has been awarded the Palo Alto Networks 2023 Global and North American Distributor Partner of the Year award, recognizing their exceptional performance, enablement, engagement, and technical innovation. The company's dedicated Palo Alto Networks Team spans 169 countries, promoting business growth and maximizing efficiencies in the cybersecurity and cloud landscape.
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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 $115.3 as of November 15, 2024.

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

The market cap of TD SYNNEX Corporation (SNX) is approximately 9.8B.

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.

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TD SYNNEX Corporation

NYSE:SNX

SNX Rankings

#868 Ranked by Market Cap
#1622 Ranked by Dividends

SNX Stock Data

9.80B
85.09M
11.09%
90.24%
1.32%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
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