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TD SYNNEX CORPORATION - SNX STOCK NEWS

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Overview of TD SYNNEX CORPORATION

TD SYNNEX CORPORATION (SNX) stands as a pivotal force in the IT ecosystem as a global distributor and solutions aggregator. Leveraging a robust network that connects major technology manufacturers with an extensive array of value-added resellers, the company plays a crucial role in advancing the distribution of IT hardware, software, and systems. Embedded in its operations are vital industry keywords such as "IT distribution" and "solutions aggregator," which underscore its comprehensive role in facilitating technology supply chains and business services.

Core Business and Operational Model

The company primarily operates by aggregating a wide spectrum of IT products that include personal computing devices, peripherals, network components, and enterprise-level systems. By bringing together leading IT manufacturers and hundreds of resellers, TD SYNNEX streamlines complex supply chains while ensuring that a multitude of businesses have ready access to cutting-edge technology. Beyond the physical distribution of products, the firm extends its capabilities into business process outsourcing areas including technical support, demand generation, customer service, and other administrative functions that support the IT sales cycle. This dual model of physical distribution and value-added services delivers a unique proposition that supports and enhances the entire technology ecosystem.

Global Reach and Market Segmentation

TD SYNNEX exercises its operational strength across multiple geographical regions including the Americas, Europe, and the Asia Pacific and Japan (APJ) markets. This global footprint ensures that the company is well-positioned to service both developed markets and burgeoning economies, delivering comprehensive IT solutions that cater to a diverse customer base. The company's structure is aligned to address the needs of various sectors ranging from corporate IT departments to smaller, innovative enterprises looking to harness advanced technology solutions.

Partnerships and Vendor Ecosystem

At the heart of TD SYNNEX's business model lies a commitment to robust partnerships with world-leading technology manufacturers. These alliances, which are instrumental in facilitating the smooth transition of products from manufacturers to end-user markets, cover a wide range of technology domains including networking, data center infrastructure, cloud computing, and security. The company’s ability to work closely with its vendors, through tailored distribution strategies and business process outsourcing support, demonstrates a finely tuned operational model that maximizes both efficiency and market penetration. In addition, recent strategic partnerships have highlighted the company’s ongoing effort to integrate innovative solutions in rugged computing and emerging tech, underscoring its adaptability in a competitive market landscape.

Competitive Position and Value Proposition

TD SYNNEX's market significance is largely derived from its unique ability to consolidate the IT distribution process through a reliable network that bridges manufacturers and resellers. Its customer-centric approach, combined with streamlined distribution channels and integrated business services, differentiates it from other market players. The company’s detailed focus on maintaining an extensive vendor portfolio, while also enhancing its service offerings through technical support and back-office processing, underpins its position as a trusted facilitator in the IT industry. This competitive advantage arises from not only its operational scale but also its nuanced understanding of the evolving demands of the technology sector.

Industry Expertise and Operational Excellence

TD SYNNEX is recognized for its expert grasp of industry dynamics, including supply chain management, technological innovation, and complex channel sales structures. The company continually adapts its practices to better serve the fluctuating needs of the technology markets, placing a strong emphasis on operational excellence and end-to-end process efficiency. Its expertise is evident in the way it integrates technological trends into its operational blueprint, ensuring that both partners and resellers benefit from streamlined distribution and support processes.

Comprehensive Service Offerings

The firm's service portfolio extends well beyond simple distribution. It provides comprehensive technical support services, demand generation programs, and customer relationship management solutions that underpin its role as an essential service provider in the IT space. By nurturing this broad scope of services, TD SYNNEX reinforces its mission to empower resellers and manufacturers alike, thereby catalyzing technological adoption across diverse market segments. This layered approach highlights the company's commitment to operational depth and ensures that every element of the IT supply chain is catered for with precision.

Conclusion

In summary, TD SYNNEX CORPORATION exemplifies a multi-dimensional approach to IT distribution and business process outsourcing, leveraging global networks and deep industry expertise to offer comprehensive solutions that benefit both manufacturers and resellers. Its commitment to operational excellence, strategic vendor partnerships, and innovative service offerings cements its role as a crucial enabler in technology distribution, reliably supporting the needs of a diverse and evolving market.

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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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 (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 (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 (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 (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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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 (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 $106.75 as of April 2, 2025.

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

The market cap of TD SYNNEX CORPORATION (SNX) is approximately 8.6B.

What is TD SYNNEX CORPORATION's core business model?

TD SYNNEX operates as a global distributor and solutions aggregator, connecting major technology manufacturers with an extensive network of value-added resellers while offering diverse business process outsourcing services.

How does TD SYNNEX generate its revenue?

The company generates revenue through IT product distribution, facilitating sales channels for hardware, software, and related systems, and by providing a range of value-added services like technical support and back-office processing.

Which market segments does the company serve?

TD SYNNEX serves a wide spectrum of sectors, including corporate IT departments, enterprise technology buyers, and small to medium-sized businesses, across diverse regions such as the Americas, Europe, and APJ.

Who are some of TD SYNNEX's strategic vendor partners?

The company partners with leading technology manufacturers across various domains, ensuring access to a broad range of IT hardware, software, and systems, and enhancing its service offerings.

What differentiates TD SYNNEX from other players in the IT distribution industry?

Its dual role as both a distributor and a provider of integrated business services, combined with a global operational footprint and deep expertise in supply chain management, sets TD SYNNEX apart.

How does TD SYNNEX support its value-added reseller network?

The company provides extensive technical support, demand generation programs, and customer service solutions to enable resellers to effectively market and distribute technology products.

Where does TD SYNNEX operate globally?

TD SYNNEX operates across multiple regions including the Americas, Europe, and the Asia Pacific and Japan (APJ) markets, providing a broad reach to support global technology distribution.

Can you explain the business process outsourcing services offered by TD SYNNEX?

In addition to physical distribution, TD SYNNEX offers business process outsourcing services such as technical support, renewals management, and comprehensive back-office solutions, enhancing its overall value proposition in the IT sector.
TD SYNNEX CORPORATION

NYSE:SNX

SNX Rankings

SNX Stock Data

8.62B
77.84M
6.4%
90.37%
1.54%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
Link
United States
FREMONT