TD SYNNEX Releases 10-Q Report

By Bobby Samwell • Friday, July 05 07:57 • Permanent Link

TD SYNNEX has recently released its 10-Q report, providing a detailed look at the company's financial condition and results of operations. TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem, offering a wide range of products and services to its customers, including personal computing devices, data center technologies, and cloud solutions. The company serves a variety of customers, including value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. TD SYNNEX Corporation was founded in 1974 and is headquartered in Fremont, California.

In the Management’s Discussion and Analysis of Financial Condition and Results of Operations, TD SYNNEX highlights its strategic priorities, which include investing in strategic technologies, strengthening its portfolio of products and solutions, digitally transforming the company, and expanding its global footprint. The company emphasizes its focus on providing end-to-end solutions and deep capabilities across the computing continuum to meet the evolving needs of its customers in the IT ecosystem.

TD SYNNEX also discusses its recent acquisition of Tech Data Corporation, a Florida-based company, which became an indirect subsidiary of TD SYNNEX Corporation. The company continually seeks to augment organic growth in its business with strategic acquisitions of businesses and assets that complement and expand its existing capabilities.

The report provides a detailed breakdown of the company's financial performance, including percentages of total revenue, cost of revenue, gross profit, operating income, interest expense, net income, and more. Additionally, TD SYNNEX discloses certain non-GAAP financial information, such as revenue in constant currency, non-GAAP gross profit, non-GAAP operating income, and non-GAAP net income, to provide a comprehensive view of its financial performance.

Today the company's shares have moved 1.0% to a price of $113.48. Check out the company's full 10-Q submission here.

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