TD Synnex Corporation
TD SYNNEX Reports Q2 2024 Financial Results and Announces Dividend
Summary
TD SYNNEX reported financial results for its fiscal second quarter ended May 31, 2024, revealing a slight decrease in revenue to $13.9 billion, with non-GAAP gross billings at $19.3 billion. The company reported net income of $144 million and a diluted EPS of $1.66. Additionally, TD SYNNEX announced a quarterly cash dividend of $0.40 per common share, payable on July 26, 2024. The company also provided financial guidance for the third quarter of fiscal 2024.
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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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