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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.

Overview of TD SYNNEX Corporation

TD SYNNEX Corporation (NYSE: SNX) is a leading global distributor and solutions aggregator within the information technology (IT) ecosystem. The company plays a pivotal role in connecting over 300 world-class technology manufacturers with more than 20,000 value-added resellers (VARs), primarily across North America, Europe, and the Asia-Pacific-Japan (APJ) region. Its comprehensive portfolio encompasses IT hardware, software, and systems, including personal computing devices, peripherals, mobile devices, data center infrastructure, hybrid cloud solutions, networking, security, and system components. Additionally, TD SYNNEX is a trusted provider of business process outsourcing (BPO) services, offering solutions such as technical support, customer service, demand generation, renewals management, IT outsourcing, and back-office processing.

Core Business Segments

TD SYNNEX operates through two primary business segments:

  • Technology Solutions: This segment focuses on the distribution and aggregation of IT hardware, software, and integrated solutions. By leveraging its extensive network of vendor partnerships, including global leaders like HP, Microsoft, Lenovo, Dell, and Intel, TD SYNNEX provides resellers with access to cutting-edge technologies and tailored solutions to meet diverse business needs.
  • Business Process Outsourcing (BPO): Through its BPO services, TD SYNNEX offers operational support to businesses, enabling them to streamline processes, reduce costs, and enhance customer satisfaction. Key offerings include technical support, direct sales, and IT outsourcing, catering to industries such as retail, healthcare, manufacturing, and logistics.

Market Position and Competitive Landscape

As a major player in the global IT distribution market, TD SYNNEX competes with companies like Ingram Micro, Arrow Electronics, and Tech Data. Its competitive edge lies in its ability to deliver end-to-end IT solutions, supported by a robust network of vendor partnerships and a broad geographic footprint. The company’s scale and operational expertise enable it to address complex supply chain challenges, adapt to technological advancements, and provide value-added services that differentiate it from competitors.

Key Value Proposition

TD SYNNEX’s primary value proposition is its role as a solutions aggregator, bridging the gap between technology manufacturers and end-users. By offering a diverse range of products and services, the company empowers businesses to deploy, manage, and optimize IT infrastructure effectively. Its BPO capabilities further enhance its value, providing clients with the operational support needed to focus on core business objectives.

Industry Significance

Operating at the intersection of technology distribution and business services, TD SYNNEX is a vital enabler of digital transformation across industries. Its ability to deliver scalable, integrated solutions positions it as a key partner for businesses navigating the complexities of modern IT ecosystems. With a focus on innovation and operational excellence, TD SYNNEX continues to play a crucial role in shaping the future of IT infrastructure and services.

Rhea-AI Summary
TD SYNNEX (SNX) expands collaboration with NVIDIA to offer a full line of enterprise AI platforms across North America, enhancing AI capabilities for customers in various industries. The expanded partnership aligns with TD SYNNEX's commitment to advancing AI through the Destination AI Program.
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TD SYNNEX (SNX) has been honored as one of the '2024 World’s Most Admired Companies' by FORTUNE for the third consecutive year. The company is recognized for its commitment to empowering global partners with technology. This achievement reflects the culture fostered by its 23,000-plus co-workers worldwide. The list is developed annually by Fortune in partnership with Korn Ferry, and winners are chosen based on the results of a corporate reputation survey.
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Living Security, Inc. announced a partnership with TD SYNNEX, a global IT distributor and solutions aggregator, to expand their reach and meet the growing demand for technologies that provide insights into human risk. The partnership aims to enable organizations to proactively address specific human risk outcomes and improve their security posture. The benefits include access to best-in-class vendors, dedicated support, flexible credit solutions, and rebates for resellers with high business volume.
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Miriam Murphy has been appointed as the new president of Europe for TD SYNNEX, rejoining the company after serving as CEO, Europe at NTT Ltd. She will lead the company's 7,000-strong European workforce and drive business strategy and operational execution in the region.
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SMART Technologies announces a new partnership with TD SYNNEX in the United States, aiming to provide more diverse buying options for education, public sector, and business customers. The partnership offers faster access to in-stock products, enhanced logistics, and more procurement options. SMART's interactive displays are designed to be easy to integrate, use, and support, with market-leading longevity and value over time.
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TD SYNNEX Corporation (NYSE: SNX) has announced the pricing of a secondary public offering of 7,625,000 shares of its common stock, all being sold by certain entities managed by affiliates of Apollo Global Management, Inc.
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TD SYNNEX Corporation (SNX) announced a proposed secondary public offering of 7,375,000 shares of its common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. The underwriters will have a 30-day option to purchase up to an additional 1,106,250 shares of common stock from the Selling Stockholders. TD SYNNEX is not selling any shares and will not receive any proceeds from the sale. The Company has also authorized the purchase of 1,375,000 shares of common stock as part of the secondary public offering, not to exceed $160.0 million. The Company intends to fund the Concurrent Share Repurchase from existing cash on hand. The underwriters are Goldman Sachs & Co. LLC, BofA Securities, Inc., and RBC Capital Markets, LLC. Shelf registration statements relating to the resale of the shares were previously filed with the SEC and became effective on specific dates. This press release is not an offer to sell or buy securities.
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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 (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 (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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FAQ

What is the current stock price of TD SYNNEX CORPORATION (SNX)?

The current stock price of TD SYNNEX CORPORATION (SNX) is $129.32 as of March 6, 2025.

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

The market cap of TD SYNNEX CORPORATION (SNX) is approximately 11.2B.

What does TD SYNNEX Corporation do?

TD SYNNEX Corporation is a global distributor and solutions aggregator for the IT ecosystem, offering IT hardware, software, and business process outsourcing services.

How does TD SYNNEX generate revenue?

TD SYNNEX generates revenue through IT distribution agreements with technology manufacturers and by providing business process outsourcing services to clients.

Who are TD SYNNEX’s main competitors?

Key competitors include Ingram Micro, Arrow Electronics, and Tech Data, all of which operate in the global IT distribution and solutions market.

What industries does TD SYNNEX serve?

TD SYNNEX serves a wide range of industries, including retail, healthcare, manufacturing, logistics, and more, by providing IT infrastructure and operational support solutions.

What is the significance of TD SYNNEX’s vendor partnerships?

TD SYNNEX partners with over 300 leading technology manufacturers, enabling it to offer a diverse range of IT solutions and maintain a competitive edge in the market.

What regions does TD SYNNEX operate in?

TD SYNNEX operates in the Americas, Europe, and the Asia-Pacific-Japan (APJ) region, providing global reach and localized expertise.

What are the core business segments of TD SYNNEX?

The company operates through two main segments: Technology Solutions (IT distribution and aggregation) and Business Process Outsourcing (operational support services).

How does TD SYNNEX differentiate itself from competitors?

TD SYNNEX differentiates itself through its end-to-end IT solutions, extensive vendor partnerships, global reach, and comprehensive BPO services.

What role does TD SYNNEX play in the IT ecosystem?

TD SYNNEX acts as a solutions aggregator, bridging the gap between technology manufacturers and resellers while enabling businesses to deploy and manage IT infrastructure effectively.

What are the key products offered by TD SYNNEX?

TD SYNNEX offers IT hardware, software, personal computing devices, data center infrastructure, hybrid cloud solutions, networking, and system components.
TD SYNNEX CORPORATION

NYSE:SNX

SNX Rankings

SNX Stock Data

11.22B
78.57M
11.06%
87.75%
2.39%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
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United States
FREMONT