TD SYNNEX CORPORATION Stock Price, News & Analysis

TD SYNNEX has launched the Passage Program to tackle the global cybersecurity skills gap, which currently requires nearly 2.7 million professionals. This initiative comprises the Placement Initiative and the Upskill Initiative, both aimed at enhancing job readiness in cybersecurity roles. The Placement Initiative offers free training and job placement support for aspiring SOC Analysts and Junior Penetration Testers, while the Upskill Initiative helps current professionals advance their skills. This program utilizes expertise from the TD SYNNEX Cyber Range facility.

TD SYNNEX has partnered with SentryBay to enhance its cybersecurity offerings by adding the Armored Client and Data Protection Suite to its portfolio. This agreement aims to serve TD SYNNEX's reseller network in the USA and Canada, with plans for global expansion into Europe and Asia. The partnership responds to the growing demand for security solutions that protect corporate applications in a BYOD environment. SentryBay's solutions provide effective data protection without the need to identify threats, enhancing cybersecurity for enterprises and SMEs.

Megaport Limited announces a partnership with TD SYNNEX to enhance network connectivity solutions for enterprises. This collaboration enables TD SYNNEX customers to utilize Megaport's global, private Software Defined Network (SDN) platform, facilitating improved network performance, reduced costs, and rapid interconnection to numerous cloud service providers. Benefits include low-latency connections, reduced egress costs, and simplified provisioning processes.

TD SYNNEX announced a new strategic collaboration agreement with Amazon Web Services (AWS) to enhance digital offerings for small and medium-sized businesses across North America, Latin America, and the Caribbean. This SCA builds on a successful partnership in Europe established in 2020 and aims to provide additional resources for marketing, sales, and technical support. The collaboration focuses on cloud solutions, enabling partners to expand their market reach and better serve customers. AWS will offer tools and knowledge to accelerate partners' practices, reinforcing existing AWS services.

TD SYNNEX (SNX) reported strong financial results for Q4 FY21 and the full fiscal year ended November 30, 2021. Revenue surged to $15.6 billion, a 155.1% increase from the prior year, driven by the Tech Data merger. However, operating income fell to $185 million from $200 million, with diluted EPS decreasing 50.6% to $1.24. For FY21, total revenue reached $31.6 billion, a 58.3% increase. Non-GAAP EPS rose 27.4% to $9.40, while cash generated from operations was $810 million.

TD SYNNEX has partnered with MicroStrategy to enhance its North American analytics portfolio, providing channel partners with end-to-end enterprise analytics solutions. This partnership enables self-service data discovery and embedded analytics through MicroStrategy’s platform, allowing organizations to leverage modern insights and improve analytics adoption rates. Key benefits include open architecture with over 200 data gateways, personalized insights, and a fully managed analytics platform deployable within weeks. This strategic alliance is aimed at driving growth and innovation in data-driven business environments.

TD SYNNEX (NYSE: SNX) will announce its fourth quarter fiscal 2021 financial results on January 11, 2022, prior to market open. A conference call to discuss the results will occur at 6:00 AM (PT) / 9:00 AM (ET), hosted by CEO Rich Hume and CFO Marshall Witt. Investors can access the earnings release and a live audio webcast at ir.synnex.com. A replay will also be available post-call.

Tech Data India, a TD SYNNEX company (NYSE: SNX), has partnered with Zscaler to provide cloud security solutions as part of the Zscaler Zero Trust Exchange. This collaboration aims to enhance digital transformation for partners by enabling secure connections over any network, facilitating the transition from on-premise systems to cloud-based architectures. Customers will benefit from a broader security portfolio and options for adopting a zero-trust architecture, positioning Tech Data India strongly in the evolving security landscape.

Qumu Corporation (NASDAQ: QUMU) has partnered with Kollective to enhance enterprise video communication solutions. This collaboration integrates Qumu's video engagement tools with Kollective's content delivery network, allowing for scalable and efficient internal communications. The newly launched Qumu Partner Program aims to facilitate seamless integration and drive revenue opportunities for partners. As remote work becomes standard, this partnership addresses the growing need for secure, high-quality video solutions for global enterprises.