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.
8x8, Inc. (NYSE: EGHT) has entered a strategic distribution agreement with SYNNEX Corporation (NYSE: SNX) to provide 8x8 XCaaS to SYNNEX’s partner community in North America. This partnership is designed to enhance cloud-based communication and collaboration tools for resellers, including integrated UCaaS and CCaaS solutions. 8x8 XCaaS boasts a 99.999% service level agreement and will be available through SYNNEX's network. This collaboration aims to capitalize on the growing demand for cloud communication solutions across various sectors.
SYNNEX Corporation (NYSE: SNX) has formed a master agent agreement with Nextiva, enhancing its Stellr cloud offerings by integrating Nextiva's UCaaS and CCaaS products. This partnership aims to provide resellers with comprehensive communication and productivity solutions for SMBs, mid-market, and enterprise customers. The collaboration will enable SYNNEX to leverage Nextiva's capabilities, improving customer experience through simplified business communications and CRM management. The agreement positions SYNNEX to drive sales and enhance reseller support, including access to dedicated teams and training.
On July 21, 2021, SYNNEX Corporation (NYSE: SNX) announced the expansion of its networking and security portfolio through the integration of Proofpoint products and services. This collaboration aims to enhance cybersecurity measures for partners and their customers, helping protect data and mitigate cyber threats. The partnership provides resellers access to a comprehensive suite of cloud-based solutions and dedicated support, bolstering SYNNEX's offerings in email, web, and mobile security. With Proofpoint's double-digit growth, this alliance is poised to broaden market access for both companies.
DTEN has partnered with SYNNEX Corporation to enhance the distribution of its video-first solutions across the U.S. market. This agreement allows SYNNEX to offer DTEN's award-winning video collaboration devices through its extensive retail and reseller network. The DTEN solutions, designed for seamless integration with Zoom, cater to the evolving demands for remote and hybrid work environments. The collaboration aims to streamline access for businesses and educational institutions adjusting to new communication needs.
On July 6, 2021, SYNNEX Corporation (NYSE: SNX) acknowledged attempts by external actors to access customer applications within the Microsoft cloud environment. These actions are possibly linked to recent cybersecurity incidents involving Managed Service Providers. SYNNEX, which is not classified as an MSP, is actively collaborating with Microsoft and a third-party cybersecurity firm to address the situation. The company's systems remained operational throughout the incident, and it continues to prioritize secure operations for its customers and their end-users.
SYNNEX Corporation (NYSE: SNX) stockholders have approved the merger with Tech Data, as announced during a special meeting held on June 30, 2021. The merger is subject to regulatory approvals and customary closing conditions, with completion expected in the second half of 2021. CEO Dennis Polk expressed gratitude to shareholders for their support. The merger aims to enhance SYNNEX's distribution, systems design, and integration services in the technology industry, potentially expanding market reach and operational efficiency.
ORock Technologies has signed a distribution agreement with SYNNEX Corporation (NYSE: SNX) to enhance its cloud business, speeding up sales cycles within SYNNEX's extensive partner ecosystem. This partnership positions ORock to serve highly regulated industries and government agencies with secure cloud solutions. With its latest offering, ORockCloud, utilizing Lockheed Martin’s Secure Runtime Environment and Intel processors, ORock aims to ensure secure, high-performance computing for mission-critical workloads. This agreement underscores both companies' commitment to modernization and security at scale.
SDV Solutions, a Service-Disabled Veteran-Owned Small Business, has announced a partnership with SYNNEX Corporation (NYSE: SNX) to provide third-party multi-vendor (TPM) support and hardware maintenance tailored for Federal Government agencies. This collaboration aims to leverage SDV Solutions' certified technicians and support services, enhancing SYNNEX's offerings in the Federal sector. Established in 2004, SDV Solutions brings extensive experience in serving Government contracts, while SYNNEX is recognized as a leading provider in technology distribution and integration.
SYNNEX Corporation (NYSE: SNX) reported strong fiscal Q2 2021 results, with revenue increasing by 31.0% to $5.9 billion compared to $4.5 billion in Q2 FY20. Operating income rose 67.8% to $148 million, while non-GAAP operating income also grew by 67.0% to $170 million. Diluted earnings per share from continuing operations reached $1.78, a significant 83.5% increase year-over-year. The company's return on invested capital (ROIC) was 17.5%, highlighting effective capital usage. SYNNEX forecasts continued growth for Q3 FY21, driven by a positive IT spending environment.
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