Welcome to our dedicated page for TD SYNNEX news (Ticker: SNX), a resource for investors and traders seeking the latest updates and insights on TD SYNNEX stock.
TD SYNNEX Corporation reports developments tied to its role as a global distributor and solutions aggregator for the IT ecosystem. The company’s distribution business spans IT hardware, software and systems across the Americas, Europe, and Asia-Pacific and Japan, while Hyve Solutions designs, manufactures and delivers traditional and accelerated compute, cloud and connected infrastructure worldwide.
Recurring news includes vendor awards and channel partnerships with major technology providers, expansion of AI infrastructure, cloud commerce, cybersecurity, secure networking and managed-service offerings, and partner enablement programs. Company updates also cover quarterly operating results, dividends, segment reporting and the performance of its global distribution and Hyve Solutions businesses.
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.