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TD SYNNEX Corporation (SNX) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for TD SYNNEX (SNX) give a sense of how its business performed in the quarter ended February 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 $2.99 per share, beating the Zacks Consensus Estimate of $2.86 per share. This compares to earnings of $2.93 per share a year ago.

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Crossword Cybersecurity PLC (AIM:CCS) has signed a partnership agreement with TD SYNNEX (NYSE: SNX), marking a significant expansion in the distribution of the company's Trillion platform across Europe. The team-up seeks to leverage TD SYNNEX's extensive network of small and medium-sized resellers, to boost the availability and support for Crossword's threat intelligence platform.

TD SYNNEX (SNX) achieves more than 2,000 partners in its Global AI Enablement Journey for Microsoft 365 Copilot.

TD SYNNEX's (SNX) Q4 top line reflects the impacts of weak demand for Endpoint Solutions. The bottom line benefits from lower interest expenses and tax rates.

TD SYNNEX Corporation (SNX) Q4 2023 Earnings Call Transcript

TD SYNNEX's (SNX) Q4 performance is expected to have been negatively impacted by a soft IT spending environment amid global recession concerns and headwinds from higher interest expenses.

The acquisition of Cokeva fortifies TD SYNNEX (SNX) Shyft unit's expertise, particularly in IT equipment repair services, and opens new doors for its clientele by integrating Cokeva's robust operations in Roseville, CA.