TD Synnex Corporation
TD SYNNEX Reports Strong Q3 FY24 Financial Results and Announces Dividend
Summary
TD SYNNEX Corporation reported robust financial results for its fiscal third quarter ended August 31, 2024. The company achieved revenue of $14.7 billion, non-GAAP gross billings of $20.3 billion, net income of $179 million, and diluted EPS of $2.08, all exceeding guidance. Additionally, TD SYNNEX announced a quarterly cash dividend of $0.40 per common share, effective from the fourth quarter of fiscal year 2024. The company also provided an outlook for the fourth quarter with revenue expected between $14.9 billion and $15.7 billion.
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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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