TD Synnex Corporation
TD SYNNEX Announces Fiscal 2023 Results and Dividend Increase
Summary
TD SYNNEX Corporation reported its fiscal 2023 fourth quarter and full year financial results, revealing a slight decrease in revenue and an increase in both gross margin and non-GAAP net income. The company also announced an increase in its quarterly dividend from $0.35 per share to $0.40 per share, payable on January 26, 2024. The announcement and results were detailed in a press release furnished as Exhibit 99.1 to the 8-K filing.
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Exhibits (1)
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About TD Synnex Corporation
TD Synnex Corporation is a global leader in business process services, specializing in the distribution of technology products and services. The company's primary function is to provide comprehensive supply chain solutions, acting as a vital conduit between technology manufacturers and end-users across various sectors, including IT, education, healthcare, and government. TD Synnex plays a critical role in ensuring the efficient movement of technology products from production to market, thereby enhancing the scalability and reach of its vendor partners. The company offers a broad array of value-added services, such as logistics, integration, and financial services, thus facilitating optimized technology solutions for its clientele. Headquartered in Florida, TD Synnex operates across multiple continents, cementing its market significance as a reliable partner in the ever-evolving tech distribution landscape. It significantly impacts the technology ecosystem by enabling and accelerating access to innovative products and solutions worldwide, thus serving as a backbone for technology deployment in diverse industries.
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