SYNNEX Corp. (SNX) Tops Q1 EPS by 8c, Q2 Guidance Comes in Light

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Go back to SYNNEX Corp. (SNX) Tops Q1 EPS by 8c, Q2 Guidance Comes in Light

TD SYNNEX Reports Fiscal 2023 First Quarter Results

March 28, 2023 8:05 AM EDT

Revenue of $15.1 billion, down 2% from the prior fiscal first quarter, up 1% in constant currency Non-GAAP gross billings of $20.2 billion, up 1% from the prior fiscal first quarter Operating income of $298 million, up 34% from the prior fiscal first quarter and non-GAAP operating income of $443 million, up 3% from the prior fiscal first quarter Diluted earnings per share (EPS) of $1.75, up 28% from the prior fiscal first quarter and non-GAAP diluted EPS of $2.93, towards the high end of the guidance range provided, but down 3% from the prior fiscal first quarter primarily due to higher interest expense Achieved $25... More