Exhibit 99.1 TD SYNNEX Reports Fiscal 2024 Third Quarter Results • Revenue of $14.7 billion, at the upper end of our outlook of $13.3 - $14.9 billion. • Non-GAAP gross billings of $20.3 billion, above the high end of our outlook of $18.9 - $20.1 billion. • Net income of $179 million, and non-GAAP net income of $245 million, above the midpoint of our outlook. • Diluted earnings per share ("EPS") of $2.08, and non-GAAP diluted EPS of $2.86, above the midpoint of our outlook. • Cash provided by operations of $ ...

TD SYNNEX Corporation SNX will release earnings results for its third quarter, before the opening bell on Thursday, Sept. 26. Analysts expect the Fremont, California-based company to report quarterly earnings at $2.80 per share, up from $2.78 per share in the year-ago period. TD SYNNEX projects to report revenue of $14.11 billion for the quarter, according to data from Benzinga Pro. On Sept. 12, TD SYNNEX announced an agreement to acquire IPsense Cloud Migration business in Brazil to create a new cloud comp ...

TD SYNNEX (SNX) is scheduled to report third-quarter fiscal 2024 results on Sept. 26. For the fiscal third quarter, TD SYNNEX expects revenues between $13.3 billion and $14.9 billion. The Zacks Consensus Estimate for quarterly revenues is pegged at $14.12 billion, indicating an increase of 1.1% from the prior-year period. SNX projects fiscal third-quarter non-GAAP earnings per share between $2.55 and $3.05. The consensus mark of $2.80 for quarterly earnings suggests a year-over-year increase of approximatel ...

Wall Street analysts forecast that TD SYNNEX (SNX) will report quarterly earnings of $2.80 per share in its upcoming release, pointing to a year-over-year increase of 0.7%. It is anticipated that revenues will amount to $14.12 billion, exhibiting an increase of 1.1% compared to the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial proje ...

MUNICH, Germany, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Acronis, a global leader in cybersecurity and data protection, is excited to announce its latest Acronis #TeamUp Partner, FC Bayern Munich Basketball. In partnership with TD SYNNEX Germany, a leading global distributor and aggregator of solutions for the IT ecosystem, the German Basketball champion will leverage Acronis' solutions to uplevel its IT infrastructure and capabilities. "We are proud to join forces with Bayern Munich and TD SYNNEX," said Markus ...

Collaboration Extends Exclaimer's Reach to Meet Demand for Email Signature Management Solutions LONDON, Sept. 12, 2024 /PRNewswire/ -- Exclaimer, the leading email signature management platform, today announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. This new collaboration widens the availability of Exclaimer's best-in-class email signature solution to managed service provider (MSP) partners in North America through TD SYNNEX's distributi ...

Core Viewpoint - TD Synnex Corporation is expected to make strategic investments in the global hybrid cloud market and artificial intelligence, which could enhance future net sales growth. The company is also implementing ambitious cost optimization efforts that may lead to future free cash flow (FCF) growth. Additionally, the recent approval of a $2.0 billion share repurchase program may attract significant attention from the investment community. The company appears undervalued based on recent growth metrics, with a fair valuation estimated at approximately $177 per share using a conservative discounted cash flow (DCF) model [1][11][15]. Company Overview - TD Synnex Corporation operates as a distributor and solutions aggregator in the information technology industry, with geographic diversification across North and South America, Europe, Asia-Pacific, and Japan. This diversification may reduce revenue volatility during global economic downturns compared to competitors focused solely on the U.S. market [2]. - Collaborations with major companies like Apple, Cisco, and HP Inc. contribute to the company's reputation in the IT industry, with revenue from these partnerships accounting for about 10% to 11% of total quarterly revenue [2]. Latest Quarter's Earnings - In the latest quarter, TD Synnex reported GAAP EPS of $1.66, missing expectations by $0.42, and total revenue of $13.95 billion, missing expectations by $150.26 million. Analysts project EPS growth of 10% in 2025 and 12% in 2026, with the company trading at 7x 2026 earnings [3][4]. Financial Performance - From 2014 to 2023, TD Synnex experienced significant revenue growth, increasing from $13 billion to approximately $56 billion. Net income rose from $180 million in 2014 to $642 million in the latest report, while EBITDA grew from about $443 million to approximately $1.6 billion in 2024 [6][7]. - The company's total equity increased from $1.6 billion in 2014 to about $7.9 billion in 2024, with the book value per share more than doubling to around $93 [8][9]. Cash Flow and Valuation - The company's FCF has shown an upward trend recently, with expectations for continued growth driven by strategic investments in hybrid cloud and AI technologies. The global hybrid cloud market is projected to grow at a CAGR of 21.2% from 2024 to 2032, reaching approximately $256.04 billion by 2032 [11]. - A three-year $1.0 billion share repurchase program and a new $2.0 billion program are expected to enhance stock demand and potentially lower the company's cost of capital [11]. Analyst Sentiment - Recent reports from analysts indicate a positive outlook for TD Synnex, with six out of twelve analysts recommending a strong buy and four recommending a buy. No analysts have issued sell or strong sell ratings [13]. The company is currently trading at about 7x TTM EBITDA, significantly lower than competitors trading at 11x to 12x [13].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ For the transition period from _________ to _________ Commission File Number: 001-31892 _______________________________________________________________________ o Table of Contents Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 5. Other Information 43 Item 6. Exhibits 44 Signatures 46 2 ITEM 1. Financial Statements (Amounts may not add or ...

SNX SNX reported 2Q24 revenue of $13.9 billion, missing consensus estimates by $200 million, but was within the guided range of $13.3 to $14.9 billion. By region, the Americas saw revenue of $8.6 billion, Europe saw revenue of $4.4 billion, and Asia-Pacific (incl. Japan) saw revenue of $964 million. By segment, Endopint Solutions [ES] saw revenue of $6.7 billion (flat vs. 2Q23), non-GAAP gross billings of $7.8 billion (1% growth vs. 2Q23), and goss profit of $341 million (5.1% gross nargin). In the Advanced ...

TD SYNNEX Corporation (SNX) shares plunged 9.6% on Tuesday after it reported weaker-than-expected second-quarter fiscal 2024 results. The company reported second-quarter non-GAAP earnings of $2.73 per share, which fell short of the Zacks Consensus Estimate of $2.76. Some better-ranked stocks from the broader technology sector are NVIDIA (NVDA) , Dropbox (DBX) and Zscaler (ZS) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zack ...