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 (NYSE: SNX) is a global distributor and solutions aggregator for the IT ecosystem, with an edge-to-cloud portfolio focused on cloud, cybersecurity, big data and analytics, artificial intelligence (AI), IoT, mobility and everything as a service. This news page collects company announcements, press releases and other updates that reflect how TD SYNNEX operates across these technology segments and global markets.
Readers can find coverage of financial results and capital markets activity, including quarterly earnings releases, revenue trends by region, non-GAAP gross billings metrics and dividend declarations reported in Form 8-K filings and accompanying press releases. The company also reports on financing transactions, such as the issuance of senior notes, and provides context on how proceeds are intended to be used.
TD SYNNEX news also highlights strategic initiatives and partnerships. Recent announcements describe the launch of Destination AI™ programs like AI Game Plan, the introduction of an AI Infrastructure-as-a-Service offering in collaboration with Nebius, and the creation of a Global FinOps Practice powered by IBM Cloudability. Additional releases cover partner awards and collaborations with providers such as AWS and Wind River, as well as digital experience enhancements like the PartnerFirst Digital Bridge AI Assistant for Microsoft Teams.
Governance and leadership updates appear in current reports and press releases, including appointments and retirements of senior executives. For investors and partners following SNX, this page offers a centralized view of how TD SYNNEX communicates its financial performance, technology focus and ecosystem relationships over time.
TD SYNNEX (NYSE: SNX) reported fiscal Q1 2023 results with revenue of $15.1 billion, a 2.2% decrease year-over-year, though showing a 0.7% growth in constant currency. Non-GAAP gross billings rose to $20.2 billion, up 1%. Operating income increased by 34% to $298 million, while diluted EPS climbed 28% to $1.75. The company achieved $25 million in merger-related cost synergies. Cash used in operations was approximately $103 million, and $148 million was returned to shareholders through stock repurchases and dividends. Guidance for the second quarter remains positive despite some challenges.
TD SYNNEX (NYSE: SNX) recently launched a new Partner Directory aimed at enhancing collaboration among its ecosystem partners. Initially available to CommunitySolv members, the directory will later roll out to all North American partners. The platform facilitates peer-to-peer interactions, allowing partners to showcase their unique capabilities and certifications. Executives believe it will bolster competitive advantages and assist members in accessing new markets and forming beneficial connections. The announcement was made at the CommunitySolv Spring Conference in New Orleans.
TD SYNNEX (NYSE: SNX), a global IT distributor, has achieved AWS Premier Tier Services Partner status in the Amazon Web Services (AWS) Partner Network. This recognition affirms SYNNEX's commitment to building strong relationships and expertise in delivering cloud solutions. The rigorous approval process involved numerous accreditations, certifications, and significant investment in AWS. With this status, TD SYNNEX aims to enhance its strategic initiatives in cloud migrations and other areas, further reinforcing its capabilities and customer confidence in the cloud services space. This achievement will drive growth and success for its partners and their clients.
TD SYNNEX (NYSE: SNX) will announce its financial results for Q1 fiscal 2023 on March 28, 2023, before U.S. market opens. A conference call with CEO Rich Hume and CFO Marshall Witt will take place at 6:00 a.m. PT / 9:00 a.m. ET. Interested parties can access the earnings release and the live audio webcast through ir.tdsynnex.com. With over 150,000 customers globally and a diverse product portfolio, TD SYNNEX continues to strive for innovation in technology solutions. The company is committed to being a respected corporate citizen, focusing on growth opportunities for its stakeholders.
TD SYNNEX (NYSE: SNX) recently announced its updated Channel for Microsoft, aimed at facilitating the transition of 400,000 organizations globally from the Microsoft Partner Network to the Microsoft Cloud Partner Program. This initiative, known as the Practice Builder for Microsoft, is available at no cost for TD SYNNEX solution providers. The program includes seven Practice Builder paths aligned with Microsoft's revised partner program, enhancing partners' capabilities in six solution designation areas. This move reflects TD SYNNEX's commitment to supporting channel partners in adapting to changes in the cloud landscape.
TD SYNNEX has partnered with Perimeter 81, a leading SASE platform, to enhance network security solutions for businesses facing increasing cyber threats. According to the 2022 U.S. Cybersecurity Census Report, businesses experience an average of 42 cyberattacks yearly. This partnership aims to broaden customer access to Perimeter 81’s award-winning cybersecurity platform, which has garnered recognition from Frost & Sullivan. Both companies emphasize the importance of secure network access for modern workforces.
TD SYNNEX (NYSE: SNX) has released its first Corporate Citizenship Report, highlighting progress in environmental, social, and governance (ESG) initiatives. The report outlines the company's commitment to sustainability, aiming for net-zero greenhouse gas emissions by 2045 and a 50% representation of women in its workforce by 2030. Notable achievements include diverting 350,000 mobile handsets from landfills and equipping 20,000 households with digital tools. CEO Rich Hume emphasized sustainability as central to business growth, while further detailing partnerships and training initiatives to enhance corporate citizenship.
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TD SYNNEX Corporation (NYSE: SNX) has completed a secondary public offering, selling 5,175,000 shares of common stock, including an additional 675,000 shares from underwriters. The company did not receive proceeds from this sale. Concurrently, TD SYNNEX repurchased 900,000 shares at $97.00 each for a total of $87.3 million, using cash reserves under its $1 billion share repurchase program. The offering was facilitated by major financial institutions, including Goldman Sachs and Barclays. This strategic move aims to enhance shareholder value through share repurchases while no funds will go to the company from the stock sale.
TD SYNNEX Corporation (NYSE: SNX) has announced a secondary public offering of 4,500,000 shares at $97.00 each, solely sold by entities managed by Apollo Global Management. The offering is expected to close around January 30, 2023. Additionally, the company plans to repurchase 900,000 shares under its $1 billion share repurchase program, funded by existing cash. Underwriters include Goldman Sachs, Barclays, and Citigroup, with a 30-day option for an additional 675,000 shares. The company will not receive proceeds from the shares sold by the selling stockholders. A shelf registration statement for this offering was previously filed with the SEC.