SNX Stock Recent News

I maintain a buy rating for TD Synnex Corp. due to improving demand momentum and a positive growth outlook for FY25. SNX's 4Q24 earnings showed a 10% y/y revenue increase, driven by advanced solutions and endpoint solutions, with stable profitability and positive FY25 guidance. The recovery in enterprise IT spending and strong momentum in cloud, cybersecurity, and software solutions are critical growth drivers for SNX.

SNX's Q4 results reflect an impressive rise in the top line, benefited by strong growth across portfolio categories.

Evaluate TD SYNNEX's (SNX) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

TD SYNNEX Corporation (NYSE:SNX ) Q4 2024 Earnings Conference Call January 10, 2025 9:00 AM ET Company Participants Jack Huddleston - Head, Investor Relations Patrick Zammit - Chief Executive Officer Marshall Witt - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James David Vogt - UBS Michael Ng - Goldman Sachs Joseph Cardoso - JPMorgan Ruplu Bhattacharya - Bank of America Ashish Sabadra - RBC Capital Markets Keith Housum - Northcoast Research George Wang - Barclays Matt Sheerin - Stifel Alek Valero - Loop Capital Operator Good morning. My name is Julianne, and I'll be your conference operator today.

Although the revenue and EPS for TD SYNNEX (SNX) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

TD SYNNEX (SNX) came out with quarterly earnings of $3.09 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $3.13 per share a year ago.

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2024. Consolidated Financial Highlights for the Fiscal 2024 Fourth Quarter: GAAP ($ in millions, except earnings per share)                 Q4 FY24   Q4 FY23   Net Change from Q4 FY23 Revenue   $ 15,844.6     $ 14,407.3     10.0 % Gross profit   $ 1,040.9     $ 1,018.6     2.2 % Gross margin     6.57 %     7.07 %   (50) bps.

Get a deeper insight into the potential performance of TD SYNNEX (SNX) for the quarter ended November 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

TD SYNNEX Corporation SNX will release earnings results for its fourth quarter, before the opening bell on Friday, Jan. 10, 2025.

FREMONT, Calif.--(BUSINESS WIRE)--Hyve Solutions Corporation, a wholly owned subsidiary of TD SYNNEX Corporation (NYSE: SNX) and a leading provider of hyperscale digital infrastructures, today announced the launch of its Orion product line featuring the NVIDIA HGX™ platform. To be unveiled at the 2024 OCP Global Summit, these new products are designed to meet the escalating demands of AI workloads with unmatched performance, scalability, and support service. Hyve Solutions, an NVIDIA Partner Ne.