Td Synnex Corporation (SNX) research, news, and more from GeoInvesting

Company description

Tue, 27 Jan 2009 05:00:00 GMT

SYNNEX Corporation, a Fortune 500 corporation, is a leading business process services company, servicing resellers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. Founded in 1980, SYNNEX employs over 6,500 associates worldwide and operates in the United States, Canada, China, Japan, Mexico, the Philippines and the United Kingdom.

Comments & Business Outlook

Sat, 04 Jul 2009 04:00:00 GMT

“While demand remains down over the prior year period, we believe the market has stabilized over the past two quarters. Our outlook for the third quarter reflects this stability as well as our capacity to operate efficiently, win share and produce increasingly profitable results,” Murai continued. “Also, we will continue to invest in key growth areas and services that will enable SYNNEX to expand our business and increase our profits and returns.”

3rd Quarter 2009 Guidance Ending August ^a

	3rd Quarter 2009 Guidance	3rd Quarter 2008 Reported	Period Change
GAAP Revenue	$1.80 to $1.90 billion.	$2.0 billion	-10.0% to -5.0%
GAAP EPS	$0.58 to $0.61	$0.66	-12.1% to -7.6%
Fully Diluted Shares	34.5 million	33.7 million	2.4%

Source: See Release, June 30, 2009

^aThe above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

Comments & Business Outlook

Tue, 27 Jan 2009 05:00:00 GMT

Guidance Report:

During the SYNNEX fiscal fourth quarter 2008 earnings results conference call, SYNNEX Corporation issued guidance for the fiscal first quarter 2009 period as follows:

Revenues expected to be in the range of $1.74 billion to $1.84 billion.
Net income expected to be in the range of $16.6 million to $17.6 million.
Diluted earnings per share expected to be in the range of $0.50 to $0.53.

“As of today, based on our current outlook, we anticipate our EPS results will come in at the high-end, if not exceed, our stated guidance,” stated Kevin Murai, President and Chief Executive Officer at SYNNEX Corporation."