SYNNEX Corp. (SNX) Tops Q3 EPS by 31c, Offers Guidance

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Go back to SYNNEX Corp. (SNX) Tops Q3 EPS by 31c, Offers Guidance

TD SYNNEX Reports Fiscal 2023 Third Quarter Results

September 26, 2023 8:05 AM EDT

 Revenue of $14.0 billion, at the midpoint of the previously provided outlook of $13.5 - $14.5 billion. Non-GAAP gross billings(1) of $18.6 billion, at the midpoint of the previously provided outlook of $18.0 - $19.3 billion. Gross margin was 6.96%, up 99 bps from the prior fiscal third quarter, and non-GAAP gross margin(1) was 6.97%, up 84 bps from the prior fiscal third quarter. Operating margin was 1.72%, up 15 bps from the prior fiscal third quarter, and non-GAAP operating margin(1) was 2.84%, up 25 bps from the prior fiscal third quarter. Net income was $139 million, and non-GAAP net income(1) was $260 million, above the previously provided... More