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I maintain a buy rating for TD Synnex Corp. due to improving demand momentum and a positive growth outlook for FY25. SNX's 4Q24 earnings showed a 10% y/y revenue increase, driven by advanced solutions and endpoint solutions, with stable profitability and positive FY25 guidance. The recovery in enterprise IT spending and strong momentum in cloud, cybersecurity, and software solutions are critical growth drivers for SNX.
SNX's Q4 results reflect an impressive rise in the top line, benefited by strong growth across portfolio categories.
Evaluate TD SYNNEX's (SNX) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
TD SYNNEX Corporation (NYSE:SNX ) Q4 2024 Earnings Conference Call January 10, 2025 9:00 AM ET Company Participants Jack Huddleston - Head, Investor Relations Patrick Zammit - Chief Executive Officer Marshall Witt - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James David Vogt - UBS Michael Ng - Goldman Sachs Joseph Cardoso - JPMorgan Ruplu Bhattacharya - Bank of America Ashish Sabadra - RBC Capital Markets Keith Housum - Northcoast Research George Wang - Barclays Matt Sheerin - Stifel Alek Valero - Loop Capital Operator Good morning. My name is Julianne, and I'll be your conference operator today.
Although the revenue and EPS for TD SYNNEX (SNX) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
TD SYNNEX (SNX) came out with quarterly earnings of $3.09 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $3.13 per share a year ago.
TD SYNNEX Corporation SNX will release earnings results for its fourth quarter, before the opening bell on Friday, Jan. 10, 2025.
TD SYNNEX partners with LastPass to make the latter's password and identity management products accessible to IT resellers.
IT spending and computer shipments are growing. SNX is undervalued and showing growth in revenue, margins, and cash flow returned to investors. The company announced a $2B share repurchase authorization.
SNX partners with Iterate.ai to deliver advanced AI solutions, enhancing offerings for global resellers through AI-powered business tools.
Examine the evolution of TD SYNNEX's (SNX) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.