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TD SYNNEX Reports Fiscal 2025 First Quarter Results

1. SNX reported a 9.5% year-over-year growth in gross billings for Q1. 2. The company's strong business model and global strategy continue to drive success.

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FAQ

Why Bullish?

The 9.5% growth in gross billings indicates strong demand, which may increase investor confidence. Historically, consistent revenue growth can lead to stock price appreciation for companies in similar sectors.

How important is it?

Strong earnings reports directly influence investor sentiment and stock performance, making this news critical for SNX's market perception.

Why Short Term?

Immediate positive market reactions are likely due to strong Q1 results. Positive quarterly earnings typically lead to short-term stock price increases.

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FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 28, 2025. “The strength of our business model allowed us to grow ahead of the market in Q1. Our end-to-end strategy, global reach and specialist go to market approach continues to empower us to capture a wide range of IT spend,” said Patrick Zammit, CEO of TD SYNNEX. “Gross billings in constant currency grew by 9.5% year-over-year in Q1 with al.

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