TD SYNNEX Fiscal 1Q Revenues Top $15B - Modern Distribution Management

Log In

TD SYNNEX Fiscal 1Q Revenues Top $15B

The company’s strong quarter was primarily due to the impact of the completion of its merger with Tech Data from September 2021.
In the latest earnings reporting p
Author
Date

Fremont, California- and Clearwater, Florida-based TD SYNNEX reported fiscal 2022 first-quarter revenue of $15.5 billion, up 213.2% from the prior fiscal first quarter “primarily due to the impact of the completion of the merger with Tech Data on September 1, 2021,” the company said.

“We announce our strong fiscal first quarter results, with broad-based positive momentum, amidst a volatile and uncertain time in the world,” said Rich Hume, CEO of TD SYNNEX. “We are thankful for the tremendous efforts and collaboration of our global team and remain committed to supporting humanitarian efforts in Ukraine and Eastern Europe.”

On a sequential basis, revenue decreased 0.9% compared to the prior quarter, the company reported.

Operating income for the quarter ending Feb. 28 was $222 million, compared to $185 million in the prior quarter, and $142 million in the prior fiscal first quarter.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.