$SNX (SYNNEX Corp.)

$SNX {{ '2016-06-23T22:05:50+0000' | timeago}} • Webcast

Raymond James analyst Brian Alexander asks $SNX to bridge the operating income vs. 2Q15 with regards to Concentrix. CFO Marshall Witt says that almost $9MM is an increase in infrastructure within the depreciation and facilities that is being used to drive growth. $SNX had some duplicative costs within 2Q16 when shutting down 3 sites.

$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.

$SNX {{ '2017-02-15T20:27:40+0000' | timeago}} • Announcement

$SNX said its New Age Electronics division has signed an agreement with RAYCOP to distribute its allergen vacuums to the North American retail channel. The agreement expands New Age Electronics' home appliance offering and makes the RAYCOP RS2 and RAYCOP LITE products available to its network of retail customers.

$SNX {{ '2017-02-02T15:23:53+0000' | timeago}} • Announcement

$SNX appointed Ann Vezina to its BoD. This adds a new Independent Director to its Board, bringing the total number of Independent Directors to 8 and the total Board membership to 11. Vezina has also been appointed to the company's Audit Committee.

$SNX {{ '2017-01-10T23:02:17+0000' | timeago}} • Webcast

$SNX said it has strong margin performance in Technology Solutions in 4Q as the company is able to leverage the seasonally higher revenue in this quarter. In 4Q16, $SNX had growth in some of the higher value-added components of its business. $SNX is seeing good traction in higher value product areas where it can drive a higher margin component.

$SNX {{ '2017-01-10T22:51:08+0000' | timeago}} • Webcast

For 1Q17, $SNX expects to maintain its sales momentum in both its business segments and strong profitability in Technology Solutions. In Concentrix, the company expects to return to normal 1Q seasonality with some profit tailwinds. In Technology Solutions, $SNX expects a stable market in the US and Canada with growth opportunities driven by cloud.

$SNX {{ '2017-01-10T22:29:35+0000' | timeago}} • Webcast

During 4Q16, after adjusting for FX of $21.8MM, $SNX’s revenue in constant currency was 8.9% higher compared to 4Q15. On a constant currency basis, Technology Solutions segment revenues increased approx. 5.9% YoverY. Adjusting for the Minacs acquisition and the negative impact of FX, Concentrix revenue in constant currency rose 1.8%.

$SNX {{ '2017-01-10T22:03:38+0000' | timeago}} • Announcement

$SNX said its BoD had earlier declared a quarterly cash dividend of $0.25 per common share. The quarterly dividend will be payable on Jan. 27, 2017 to shareholders of record on Jan 13, 2017.

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