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.
Alert Logic by HelpSystems has partnered with TD SYNNEX to enhance their cybersecurity offerings by integrating managed detection and response (MDR) capabilities. This partnership aims to extend Alert Logic's market reach through TD SYNNEX’s vast network of over 20,000 resellers and retail customers. The collaboration is designed to bolster security solutions amid increasing cyber threats, providing organizations with comprehensive coverage and rapid incident response. This strategic move underscores both companies’ commitment to cybersecurity in today’s evolving threat landscape.
TD SYNNEX (NYSE: SNX) will disclose its second-quarter fiscal 2022 financial results on June 28, 2022, before the U.S. market opens. The results will be discussed during a conference call at 5:00 a.m. PT / 8:00 a.m. ET the same day, led by CEO Rich Hume and CFO Marshall Witt. Interested stakeholders can access the earnings press release and a live audio webcast on the company’s investor relations website, with a replay available afterward.
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TD SYNNEX (NYSE: SNX) has expanded its cloud solution portfolio with new offerings from Google Cloud, now immediately available to its partners. This strategic move enhances TD SYNNEX's cloud stack and positions it as a leading value distributor in the hybrid, multi-cloud landscape. The offerings aim to support businesses in their digital transformation journeys by providing a suite of services in AI, ML, data analytics, and collaboration. The integration of Google Cloud's capabilities is expected to empower channel partners and facilitate accelerated growth.
TD SYNNEX has entered a new exclusive agreement as a cybersecurity aggregator partner for Broadcom Software in the U.S., focusing on the SMB sector. This partnership aims to enhance customer retention and growth for channel partners by delivering Symantec cybersecurity solutions. Key benefits include partner support, strong margins, and upsell opportunities. Both companies emphasize the significance of the SMB market and aim to establish deeper trust in the Symantec brand amidst increasing cybersecurity demand.
ActZero, a cybersecurity startup, has announced a strategic partnership with TD Synnex to enhance its AI-powered managed detection and response (MDR) platform. This partnership, following an earlier collaboration with Tech Data, aims to broaden access to cybersecurity solutions for small and mid-sized businesses. The ActZero platform provides advanced protection against various cyber threats, utilizing AI for threat detection and response. TD Synnex will help accelerate the platform's adoption through its extensive global distribution network.
TD SYNNEX has launched a new managed virtual desktop Click-to-Run™ solution that leverages Azure Virtual Desktop (AVD). This offering enables businesses to deploy AVD environments quickly for remote users, enhancing flexibility and cost efficiency. The solution features two deployment options: a standalone for rapid setup and a managed option with 24/7 support, performance monitoring, and additional management services. This initiative aims to improve customer productivity and offer partners a rapid route to market.
TD SYNNEX has achieved the Amazon Web Services (AWS) Cloud Management Tools Competency, making it one of the first distributors to receive this accreditation. This recognition highlights TD SYNNEX’s specialized capabilities in cloud management tools, validated by extensive security and compliance checks. The company aims to leverage this competency to expand its network of AWS resellers globally and enhance the awareness of its StreamOne Ion platform. This designation provides access to exclusive AWS programs, thus supporting TD SYNNEX’s continued growth in the cloud services market.
TD SYNNEX (NYSE: SNX) announced its 2022 fiscal outlook during its Investor Day, aiming for adjusted net revenue growth of 6-8%. The company predicts a doubling of revenues and non-GAAP operating margins from high-growth technology sectors. Key targets include a non-GAAP operating margin of 2.5-2.7% and adjusted ROIC of 11%. Over the medium term, it expects 15-20% total shareholder returns and nearly $1.5 billion in free cash flow. These initiatives reflect a strong commitment to enhancing shareholder value and operational efficiency.
TD SYNNEX (NYSE: SNX) hosted a virtual Investor Day to discuss its strategy and medium-term financial outlook. CEO Rich Hume highlighted the company's role in the IT ecosystem and projected revenue growth of 6-7% annually, alongside a total shareholder return of 15-20% over the next three to four years. Additionally, the company aims for a non-GAAP operating margin of approximately 3%. The event included presentations and a Q&A session, further strengthening TD SYNNEX's commitment to delivering value to its customers and shareholders.