$SNX (SYNNEX Corp.)

$SNX {{ '2016-09-26T22:09:39+0000' | timeago}} • Webcast

Ananda Baruah of Brean Murray Carret and Co. asks about the growth in Technology Solutions. $SNX said during 3Q16, it executed well and grew share. The company had changes in FX on a sequential and YoverY basis which has helped. $SNX has been investing in new technologies and its cloud-based business is growing rapidly.

$SNX {{ '2017-09-26T14:42:21+0000' | timeago}} • Webcast

$SNX said in its traditional distribution business, it has seen the consequential impacts of component shortages and increasing component costs along with price increases at the finished goods level in particular with client devices as well as traditional servers. $SNX had to manage its business through the shortage issue.

$SNX {{ '2017-09-26T14:24:44+0000' | timeago}} • Webcast

During 3Q17, $SNX completed two strategic acquisitions, Tigerspike in the Concentrix business segment and Westcon-Comstor Americas in the Technology Solutions business segment. $SNX believes the Westcon-Comstor Americas deal will bring $2.2Bil of accretive margin revenue to its distribution business.

$SNX {{ '2017-09-26T14:24:27+0000' | timeago}} • Webcast

In 3Q17, $SNX’s Technology Solutions segment revenues were $3.8Bil, up 15.8% compared to 3Q16. The increase was due to continued demand for systems design integration and cloud services business solutions and across the board growth in the majority of product categories. Concentrix revenues were $496MM, up 21.9% from 3Q16.

$SNX {{ '2017-09-25T20:43:12+0000' | timeago}} • Announcement

$SNX's BoD declared a quarterly cash dividend of $0.30 per common share, payable on October 27, 2017 to stockholders of record as of October 13, 2017.

$SNX {{ '2017-09-25T20:41:17+0000' | timeago}} • Announcement

For 4Q17, $SNX expects revenue to be $4.75-4.95Bil. Net income is expected to be $85.2-89.1MM and adjusted net income is expected to be $106.1-110MM. $SNX expects diluted EPS to be $2.11-2.21 and adjusted diluted EPS to be $2.63-2.73 in 4Q17.

$SNX {{ '2017-09-25T20:35:34+0000' | timeago}} • Announcement

$SNX reported a 28% increase in 3Q17 earnings. Net income was $75.2MM or $1.87 per share compared to $58.7MM or $1.47 per share in 3Q16. Adjusted net income totaled $86.8MM or $2.16 per share in 3Q17. Revenue grew 16.5% to $4.27Bil from last year.

$SNX {{ '2017-07-20T14:11:59+0000' | timeago}} • Announcement

Concentrix Corp., a subsidiary of $SNX, agreed to buy Tigerspike. Alex Burke, CEO of Tigerspike, will stay as the leader of Tigerspike and join Concentrix' senior executive staff, reporting to Chris Caldwell, President of Concentrix. It is anticipated that the transaction will close in 3Q17.

$SNX {{ '2017-06-22T21:51:04+0000' | timeago}} • Webcast

On the pending acquisition of Datatec's Westcon-Comstor Americas business, $SNX said that because of its stock price, the company will take a decision on the cash-stock purchase before closing the deal. Other factor would be the overall credit environment, the company added.

$SNX {{ '2017-06-22T21:32:50+0000' | timeago}} • Webcast

$SNX said that revenue, net income, GAAP and non-GAAP EPS metrics exceeded its expectations in 2Q17. Technology Solutions segment revenue benefited from the strengthening US market and continued growth in systems integration and design as well as cloud services business unit.

$SNX {{ '2017-06-22T20:50:30+0000' | timeago}} • Announcement

For 3Q17, $SNX expects revenue to be in the range of $3.90-4.10Bil, with net income expected in the range of $67.7-70.7MM and non-GAAP net income expected in the range of $78.1-81.1MM. $SNX also expects 3Q17 diluted EPS to be in the range of $1.68-1.76 and non-GAAP diluted EPS to be in the range of $1.94-2.02.

$SNX {{ '2017-06-22T20:46:47+0000' | timeago}} • Announcement

During 2Q17, $SNX's Technology Solution revenue jumped 13.49% to $3.45Bil YoverY, while operating income climbed 34.1% to $101.7MM. Revenue from Concentrix jumped 43.39% to $481.76MM, while $SNX reported an operating income in 2Q17 compared to an operating loss a year ago in the segment.

$SNX {{ '2017-06-22T20:41:28+0000' | timeago}} • Infographic

$SNX SYNNEX Corp. Earnings AlphaGraphic: Q2 2017 Highlights

$SNX {{ '2017-06-22T20:39:03+0000' | timeago}} • Announcement

IT supply chain company $SNX reported a 64.63% jump in 2Q17 earnings, driven by Technology Solutions and Concentrix segments exceeding expectations in revenue and margin. Net income was $73.1MM or $1.83 per share compared to $44.4MM or $1.11 per share a year ago. Revenue for the quarter climbed 16.48% to $3.94Bil.

$SNX {{ '2017-06-06T15:21:02+0000' | timeago}} • Announcement

$SNX to become a minority shareholder in Datatec's Westcon EMEA and APAC businesses. The terms include $30MM for 10% ownership of Datatec's Westcon EMEA and APAC businesses. The company will assume about $115MM of net debt and refinanced with the close of the transaction. If stock is issued, $SNX BoD will appoint Jens Montanana to its board.

$SNX {{ '2017-06-06T15:16:55+0000' | timeago}} • Announcement

$SNX agreed to buy Datatec's Westcon-Comstor Americas business and become a minority shareholder in Datatec's Westcon EMEA and APAC businesses. The terms include $500MM in stock and $100MM in cash at closing, and up to $200MM earn out if certain financial targets are achieved through Feb. 2018.

$SNX {{ '2017-03-27T21:50:48+0000' | timeago}} • Webcast

In terms of acquisitions, $SNX operate in two different markets, which offers significant growth opportunity in different ways. So the company is seeing good opportunities in both Concentrix and Technology Solutions. Additionally, $SNX is investing in green field opportunities, where the company is seeing good growth.

$SNX {{ '2017-03-27T21:27:47+0000' | timeago}} • Webcast

$SNX said that within its four technology businesses, the company experienced better than average growth in network security and software in 1Q17, while client devices and peripherals were below average. Additionally, from an end-market perspective, demand in commercial and SMB were stronger than average, with consumer a little weaker.

$SNX {{ '2017-03-27T20:59:03+0000' | timeago}} • Announcement

For 2Q17, $SNX expects revenues to be approx. $3.57-3.77Bil. Net income is expected to be approx. $57.7-60.9MM and Non-GAAP net income is expected to be approx. $68.3-71.5MM. $SNX also expects 2Q17 diluted EPS to be approx. $1.44-1.52 and Non-GAAP diluted EPS to be approx. $1.70-1.78.

$SNX {{ '2017-03-27T20:56:21+0000' | timeago}} • Announcement

During 1Q17, $SNX's Technology Solution revenue rose 9.39% to $3.04Bil YoverY and operating income was $80.4MM, or 2.64% of segment revenue, compared to $67.7MM, or 2.43% of segment revenue in FY16. Revenue from Concentrix rose 38.7% to $478.2MM; Operating income was $21.3MM, or 4.46% of segment revenue, compared to $7.9MM in 1Q16.

$SNX {{ '2017-03-27T20:47:39+0000' | timeago}} • Announcement

IT supply chain company $SNX posted a 32.61% increase in its 1Q17 earnings, helped by higher revenue. Net income was $61.8MM or $1.54 per share compared to $46.6MM or $1.17 per share a year ago. Revenue for the quarter rose 12.63% to $3.52Bil compared to $3.12Bil during 1Q16.

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