High Materiality8/10
Information
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial...
Original sourceAI Summary
TD SYNNEX reported Q4 FY24 revenue of $15.8 billion, up 10%. Gross profit increased to $1.04 billion, reflecting a 2.2% rise. Net income rose to $194.8 million, representing a 3.9% increase. Free cash flow for FY24 was strong at $513 million, up from $168 million. Future IT spending is expected to improve, positively impacting growth.
Sentiment Rationale
Revenue and profit growth indicates healthy business performance, similar to past gains.
Trading Thesis
Investors typically react quickly to quarterly results, affecting SNX in the near term.
Market-Moving
- TD SYNNEX reported Q4 FY24 revenue of $15.8 billion, up 10%.
- Gross profit increased to $1.04 billion, reflecting a 2.2% rise.
- Net income rose to $194.8 million, representing a 3.9% increase.
Key Facts
- TD SYNNEX reported Q4 FY24 revenue of $15.8 billion, up 10%.
- Gross profit increased to $1.04 billion, reflecting a 2.2% rise.
- Net income rose to $194.8 million, representing a 3.9% increase.
- Free cash flow for FY24 was strong at $513 million, up from $168 million.
- Future IT spending is expected to improve, positively impacting growth.
Companies Mentioned
- SNX (SNX)
Earnings
Strong financial results herald potential price rises, making the article very relevant.