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.
SYNNEX Corporation (NYSE: SNX) received recognition as the 2019 "HP Inc. Partner of the Year" for its outstanding performance in growth and innovation. The awards highlight top partners in categories such as U.S. Supplies Distributor of the Year and U.S. Print Hardware Distributor of the Year. This acknowledgment reflects SYNNEX's successful collaboration with HP, as indicated by comments from both companies' executives. The award showcases SYNNEX's strategic importance in the IT channel and the mutual commitment to enhancing customer engagement.
SYNNEX Corporation (NYSE: SNX) was awarded the Samsung Smart Signage Award for Overall Distribution Partner of the Year during Samsung's virtual event on July 22, 2020. This award recognizes SYNNEX’s achievements in successful display implementations and customer commitment in the smart signage market. The company continues to expand its market share across various verticals with dedicated sales teams and support for small-to-medium businesses.
SYNNEX Corporation (NYSE: SNX) announced that Bob Stegner, Senior VP of Marketing, North America, was inducted into the CompTIA IT Hall of Fame for his substantial contributions to the IT industry. Stegner's impact, spanning over three decades, includes founding the Varnex community and enhancing marketing strategies for partners. His induction will occur on August 6 during ChannelCon Online 2020. CompTIA acknowledges individuals who significantly advance technology and the IT channel.
Bob Stegner, senior vice president for North American marketing at SYNNEX Corporation, has been inducted into the IT Hall of Fame for his outstanding contributions to the IT channel. He will be honored in a virtual ceremony on August 6 during CompTIA's ChannelCon Online 2020. Stegner's three-decade career is marked by his advocacy for partners in technology. He has also been recognized as one of the 50 Most Influential Channel Chiefs for the 12th time, reflecting his significant impact on the industry and leadership in expanding resources for resellers.
SYNNEX Corporation (NYSE: SNX) has announced enhancements to its SYNNEX Westcon Secure Networking Program, recognized in the 2020 CRN Program Guide. The initiative includes an expanded range of virtual events and resources aimed at supporting partners in their business growth. Key offerings include the SYNNEX Enablement Portal, a gamified training platform that rewards participants with points for training completion, encouraging deeper engagement. Additionally, SYNNEX will host the Beyond Security conference virtually from August 24-26, 2020, focusing on remote workforce engagement and security.
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SYNNEX Corporation (NYSE: SNX) reported its Q2 FY20 financial results, revealing a 3.3% decline in revenue to $5.533 billion from the previous year. Operating income fell by 36% to $111.7 million, while net income dropped 50.2% to $57 million. Diluted EPS was $1.10, marking a 50.7% decrease year-over-year. The Technology Solutions segment generated $4.5 billion in revenue, down 2.1%, whereas Concentrix saw an 8.1% decline to $1.1 billion. The company expects improved performance in Q3 FY20.