TD SYNNEX CORPORATION Stock Price, News & Analysis

TD SYNNEX (NYSE: SNX) has announced the acquisition of Apptium, a software development company specializing in cloud commerce platforms. The strategic acquisition strengthens TD SYNNEX's StreamOne platform and expands its cloud and everything-as-a-service capabilities.

Apptium, founded in 2014 and based in Reston, Virginia, will operate as a wholly owned subsidiary while maintaining its entrepreneurial culture. The company brings expertise in technology, communications, services, and managed solutions, along with a team of IT professionals across three continents serving brands from over 20 countries.

The acquisition enhances TD SYNNEX's digital business orchestration strategy, enabling partners to accelerate time to revenue and modernize their service offerings, including technology goods, agentic AI, SaaS, IaaS, and XaaS capabilities. Apptium's platform provides seamless marketplace adoption, multi-cloud support, billing management, and analytics functionality.

Apptium's founder Rick Kapani will continue leading the business as General Manager and Senior Vice President, reporting to Chief Strategy and Technology Officer Sergio Farache. The company will maintain service to its existing customers via the Apptium Cloud Commerce Platform.

TD SYNNEX (NYSE:SNX), a global IT distributor and solutions aggregator, has received multiple prestigious awards from Dell Technologies in 2025. The company was named EMEA Distributor of the Year for the second consecutive year, demonstrating its strong regional performance.

Additional recognitions include the 2025 North America Sustainability & ESG Partner of the Year Award and APJC Marketing Partner of the Year Award for Tech Data Singapore. These accolades highlight TD SYNNEX's excellence in sustainability initiatives, marketing efforts, and strategic collaboration with Dell Technologies.

TD SYNNEX (NYSE:SNX) has been awarded the HPE 2025 Global Distributor of the Year Award, along with regional Distributor of the Year honors in North America and Northern Western Europe. The recognition highlights TD SYNNEX's exceptional financial performance and innovative solutions delivery through HPE's portfolio.

The company's 40-year partnership with HPE includes comprehensive technical enablement and business development support. TD SYNNEX is currently in year three of a four-year GreenLake development program, providing partners with dedicated specialists and centers of excellence. The company has also received funding from HPE's Zenith AI Investment program, demonstrating early success in enhancing AI capabilities.

TD SYNNEX (NYSE: SNX) reported strong fiscal Q2 2025 results, with revenue reaching $14.9 billion, up 7.2% year-over-year. The company's non-GAAP gross billings increased by 12.1% to $21.6 billion. Diluted EPS grew to $2.21, while non-GAAP diluted EPS reached $2.99.

The company demonstrated robust performance across all regions, with Americas revenue up 5.3% to $9.0 billion, Europe up 10.5% to $4.9 billion, and Asia-Pacific and Japan up 8.7% to $1.0 billion. TD SYNNEX generated strong cash flow with $573 million from operations and returned $186 million to stockholders through share repurchases and dividends. The company also announced a 10% increase in quarterly dividend to $0.44 per share.

For Q3 2025, TD SYNNEX expects revenue between $14.7-$15.5 billion and non-GAAP diluted EPS of $2.75-$3.25.

TD SYNNEX (SNX), Arctera, and Wasabi Technologies have announced a strategic partnership to deliver an integrated data protection solution. The offering combines Arctera Backup Exec with Wasabi Hot Cloud Storage, available exclusively through TD SYNNEX's channel partners. This turnkey solution features single SKU ordering, seamless integration, and comprehensive protection for physical, virtual, cloud, and SaaS environments. Key benefits include flat pricing, no egress fees, and simplified deployment. The solution is currently available in North America, with international expansion planned for later in 2025. The partnership aims to streamline the sales process for channel resellers while offering improved margins and accelerated sales cycles.

Oberon, a division of Chatsworth Products (CPI), has established a new distribution partnership with TD SYNNEX to expand the availability of its wireless access point enclosures and mounting solutions across North America. Through this collaboration, TD SYNNEX will distribute Oberon's complete portfolio of wireless mounting solutions, including ceiling mounts, wall enclosures, and outdoor enclosures, designed for various enterprise and commercial environments. The partnership aims to enhance procurement processes, improve supply chain efficiency, and provide better support to IT resellers, system integrators, and enterprise customers. The collaboration aligns with Oberon's mission to simplify wireless deployments through secure, code-compliant, and aesthetically pleasing mounting solutions for sectors including healthcare, education, hospitality, retail, and government.

TD SYNNEX (NYSE: SNX), a global IT distribution and solutions company, has scheduled its second quarter fiscal 2025 earnings release and conference call for June 24, 2025. The financial results will be announced before the U.S. market opens, followed by a conference call at 6:00 a.m. PT / 9:00 a.m. ET on the same day. Investors and interested parties can access the earnings press release and participate in the live audio webcast through the company's investor relations website. A replay of the webcast will be made available after the call for those unable to attend the live session.

TD SYNNEX announced the appointment of Kenneth Lamneck to its Board of Directors in April 2025, where he will serve as Chair of the Nominating and Corporate Governance Committee. Lamneck, a technology executive with 30 years of experience, previously served as President, CEO, and board member of Insight Enterprises. His extensive background includes executive roles at Tech Data Corporation as President of Americas, and leadership positions at Arrow/Richey Electronics. Currently, he serves on the boards of Benchmark Electronics and Fidelity National Information Services. Lamneck, a West Point graduate with an MBA from the University of Texas at El Paso, began his career as an IBM engineer after serving in the U.S. Army.

Cloudflare (NYSE: NET) and TD SYNNEX (NYSE: SNX) are expanding their partnership to provide managed security services in Latin America. The collaboration enables TD SYNNEX to offer Cloudflare's Zero Trust, SASE, Application Security, and Network Security solutions through Managed Security Services Partners (MSSPs). In Q1 2025, Cloudflare blocked 30 billion daily cyber threats in Latin America, a 27% increase from the previous quarter. The Cloudflare platform, available through a single interface, offers operational efficiency for MSSPs and spans 64 cities in Latin America and the Caribbean. Customers using Cloudflare's complete suite can save approximately 50% compared to multiple vendor solutions, with a Forrester study showing a 238% ROI over three years for representative customers.