SYNNEX Corp. (NYSE:SNX) Q4 2017 Earnings Conference Call - Preliminary Transcript

Jan 09, 2018 • 05:00 pm ET


SYNNEX Corp. (NYSE:SNX) Q4 2017 Earnings Conference Call - Preliminary Transcript


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Good afternoon. My name is Cindy and I will be your conference operator today for the SYNNEX Corporation 2017 Fourth Quarter Earnings Call. All lines have been placed on listen-only to prevent any background noise. After the speaker's remarks, there will be a question and answer session. You may press 1 to ask questions. Today's conference is being recorded. If you have any objections, you may disconnect. Thank you.

At this time, I would like to pass the call over to Mike Vaishnav, Senior Vice President, Corporate Finance and Treasurer at SYNNEX Corporation. Please go ahead.

Mike Vaishnav

Thank you, Cindy. Good afternoon and welcome to SYNNEX Corporation earnings conference call for the Fiscal 2017 fourth quarter and full year end in November 30, 2017. Joining us on today's call are Kevin Murai, President and Chief Executive Officer; Dennis Polk, Chief Operating Officer; Marshall Witt, Chief Financial Officer; and Chris Caldwell, Executive Vice President and President of Concentrix Corporation.

Please note that some of the information you will hear today consist of forward-looking statements within the meaning of the federal securities laws. Such statements may relate to, without limitation, market, demand, investments, growth, non-GAAP net income and diluted EPS, amortization of intangibles, margin, revenue, cost, expenses, shares, tax rate, tax savings, seasonality, profitability, adjusted operating margins, strategy, overall performance, and succession plan. Actual results or trends could differ materially from our expectations.

For more information, please refer to the risk factors discussed in our Form 10-K for Fiscal 2016 and discussion of forward-looking statements in our earnings release and Form 8-K filed with the SEC today. SYNNEX assumes no obligation to update any forward-looking statements, which speaks as of their respective date.

Also during this call, we will reference certain non-GAAP financial information. Reconciliation of non-GAAP and GAAP reporting is included in today's earnings release and the related Form 8-K available on our website at

This conference call is the property of SYNNEX Corporation and may not be recorded or rebroadcast without our specific written permission.

Now I would like to turn over the call to Kevin Murai for the business update. Kevin?

Kevin Murai

Thank you, Mike, and thanks to all of you for joining our call today. As you've seen, in addition to our fourth quarter results, today, SYNNEX announced board and leadership changes that will be effective March 1 of this year. I will be retiring as president and CEO and Dennis Polk will take on this role.

The last ten years at SYNNEX have been nothing short of spectacular and I am so fortunate to have been able to work with an incredible team and the best individual leaders in our industry. Together, we accomplished great things. Dennis has been a great partner to me and has played a key role in establishing our strategy and overall execution of the business. I am confident that, under Dennis' leadership, SYNNEX will continue to grow and flourish and I am excited that I will be able to continue to play a role