TD SYNNEX Corporation ( (SNX) ) has released its Q2 earnings. Here is a breakdown of the information TD SYNNEX Corporation presented to its investors.
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TD SYNNEX Corporation is a prominent global distributor and solutions aggregator for the IT ecosystem, offering a comprehensive range of IT products, services, and solutions across various high-growth technology segments such as cloud, cybersecurity, and AI. Headquartered in Clearwater, Florida, and Fremont, California, the company serves over 150,000 customers in more than 100 countries.
In its fiscal 2025 second quarter earnings report, TD SYNNEX reported a notable revenue increase of 7.2% year-over-year, reaching $14.9 billion, surpassing the high end of its outlook. The company also achieved non-GAAP gross billings of $21.6 billion, reflecting a 12.1% increase from the previous year, and reported a non-GAAP diluted EPS of $2.99, which exceeded expectations.
Key financial highlights include a gross profit of $1,046 million, a 7.5% increase from the previous year, and an operating income of $328 million, representing a 24.3% rise. The company generated $573 million in cash from operations and returned $186 million to stockholders through share repurchases and dividends. Regionally, the Americas, Europe, and Asia-Pacific and Japan all saw revenue growth, with Europe experiencing the highest increase at 10.5%.
TD SYNNEX’s strategic focus on the IT Distribution and Hyperscaler markets has enabled it to grow ahead of the market, with all regions and major technologies contributing to its success. The company’s robust performance is attributed to its diverse portfolio and effective execution of its strategic initiatives.
Looking ahead, TD SYNNEX remains optimistic about its growth prospects, with a revenue outlook for the third quarter of fiscal 2025 ranging between $14.7 billion and $15.5 billion. The company continues to focus on maximizing the value of technology investments for its customers while optimizing its operating model.