TD SYNNEX Corporation has recently released its 10-K report, providing a detailed look at its operations and financial performance. The company operates as a distributor and solutions aggregator for the information technology (IT) ecosystem, offering a wide range of products and services to various customer segments such as value-added resellers, corporate resellers, government resellers, 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" section, the report provides insights into the significant factors that influenced the company's performance during the past three fiscal years. It discusses the impact of economic and industry trends, emphasizing the company's dependence on end-market demand for IT products, strategic initiatives of partners, and overall economic growth. The report also highlights the company's acquisition activities, including the acquisition of Tech Data Corporation, which became an indirect subsidiary of TD SYNNEX Corporation in 2021.
The report presents the consolidated statements of operations data for fiscal years 2024 and 2023, showcasing key financial metrics as percentages of total revenue. It also includes certain non-GAAP financial information, such as revenue in constant currency, non-GAAP gross profit, non-GAAP operating income, and non-GAAP net income, providing additional insights into the company's financial performance.
Furthermore, the report provides a detailed analysis of the company's revenue and gross profit for the fiscal years ended November 30, 2024, and 2023, broken down by segment (Americas, Europe, and APJ). It discusses the factors driving revenue growth and highlights the impact of changes in foreign currencies on the company's financial results.
As a result of these announcements, the company's shares have moved -0.2% on the market, and are now trading at a price of $142.5. For more information, read the company's full 10-K submission here.