TD SYNNEX CORPORATION Stock Price, News & Analysis

Elisity and TD SYNNEX have announced a partnership to enhance cybersecurity offerings. The addition of Elisity’s Zero Trust Access platform to TD SYNNEX’s Next Up Program will enable the expansion of their reseller network. This collaboration aims to address the growing demand for identity and behavior-based cybersecurity, allowing organizations to optimize security for hybrid work environments. TD SYNNEX will support Elisity with marketing and training programs to strengthen their solutions in the backdrop of increasing ransomware threats.

TD SYNNEX (NYSE: SNX) has announced a new strategic partnership with EfficientIP, enhancing its portfolio with DDI and DNS Security solutions. This agreement allows EfficientIP to provide its network automation and security solutions to TD SYNNEX's community of value-added resellers, managed service providers, and system integrators across the U.S. and Canada. This move aims to address increasing cyber threats and improve network visibility and reliability amidst rising demand for secure IT solutions.

TD SYNNEX has been recognized by Nutanix as the sole recipient of the 2021 Americas Distributor of the Year award. This accolade was announced during the Nutanix Global .NEXT Digital Experience conference. The award highlights Tech Data's achievements in areas such as Broad Channel and top-line growth. Key factors include impactful program offerings, joint business planning, and operational excellence, which have led to increased pipeline and customer satisfaction.

TD SYNNEX emphasizes its strong partnership with Nutanix, which has been in place since 2014.

TD SYNNEX (NYSE: SNX) has launched the World of Inspiration, a virtual demo lab that allows for immersive visualization of multi-vendor solutions in realistic settings. This platform offers customizable scenarios for events and disaster management, featuring nine unique environments and 45 3D-rendered products. It's designed to assist reseller partners in demonstrating technology applications across various sectors including healthcare and education. As part of its SMB Connect program, this tool supports businesses in their digital transformation initiatives.

TD SYNNEX announced a partnership with Tugboat Logic to enhance its security portfolio by distributing Tugboat Logic's SaaS platform for security compliance and assurance in North America. This agreement marks Tugboat Logic's first distribution collaboration, aiming to accelerate its growth within the channel partner network. With increasing cybersecurity threats, the partnership focuses on automating infosec policy creation and audit processes, providing significant benefits for businesses. The alliance is expected to improve channel partner engagement and expand market reach.

Tech Data, a TD SYNNEX company, has signed a Distributor Agreement with Freshworks Inc. (NASDAQ: FRSH) to distribute Freshworks' business solutions in India. This partnership enables Tech Data's customers to leverage Freshworks' customer and employee engagement software. The agreement aims to enhance the IT ecosystem by providing actionable insights and promoting new consumption models, thereby supporting business growth in the region.

TD SYNNEX, a key player in the IT distribution landscape, has been awarded the FY21 Americas Distributor of the Year by Cohesity. This accolade recognizes the exceptional operational excellence, innovation, and partner support that TD SYNNEX has demonstrated. Michael Urban, president of Americas at TD SYNNEX, emphasized the importance of strategic partnerships in delivering effective technology solutions. The award was announced during the FY21 Cohesity Partner Kickoff event, highlighting the collaborative efforts that drive growth and value in the technology ecosystem.

TD SYNNEX (SNX) reported a revenue of $5.2 billion for Q3 FY21, down 1.9% from $5.3 billion in Q3 FY20. Operating income increased to $148 million, a 12.0% rise from the previous year. Non-GAAP operating income saw a 13.2% increase to $168.2 million. The diluted EPS from continuing operations rose 9.7% to $1.81. Despite overall revenue decline due to supply chain shortages, the company demonstrated improved margins and strong cash flow performance. The fourth quarter outlook is optimistic, focusing on integration and expansion.