Why TD SYNNEX (SNX) International Revenue Trends Deserve Your Attention

Core Viewpoint - The performance of TD SYNNEX in international markets is crucial for assessing its financial resilience and growth prospects, especially given the interconnected nature of the global economy [2][3]. Group 1: Financial Performance - The total revenue for TD SYNNEX for the quarter ending November 2024 was $15.84 billion, reflecting a 10% increase [4]. - Revenue from Europe was $5.5 billion, accounting for 34.71% of total revenue, which was a slight miss of -1.12% compared to analyst expectations [5]. - Asia-Pacific and Japan contributed $1.1 billion, or 6.97% of total revenue, exceeding expectations by +20.89% [6]. Group 2: Revenue Breakdown and Trends - In the previous quarter, Europe contributed $4.59 billion (31.27%), and in the same quarter last year, it contributed $5.21 billion (36.18%) [5]. - For Asia-Pacific and Japan, the contributions were $1 billion (6.83%) in the preceding quarter and $838.27 million (5.82%) in the same quarter last year [6]. - Analysts predict total revenue of $14.8 billion for the current fiscal quarter, a 5.9% increase from the previous year, with Europe and Asia-Pacific and Japan expected to contribute 36.7% ($5.43 billion) and 6.9% ($1.02 billion) respectively [7]. Group 3: Full Year Projections - For the full year, TD SYNNEX is expected to generate $61.03 billion in total revenue, a 4.4% increase from the previous year, with Europe and Asia-Pacific and Japan projected to account for 34.1% ($20.8 billion) and 6.7% ($4.11 billion) of total revenue respectively [8]. Group 4: Market Sentiment and Stock Performance - The reliance on global markets presents both opportunities and challenges for TD SYNNEX, making the analysis of international revenue trends essential for forecasting future performance [9]. - Over the past month, TD SYNNEX's stock has increased by 8.7%, while the Zacks S&P 500 composite has decreased by 2.2% [12]. - In the last three months, the company's stock price rose by 9.7%, compared to a 2.5% increase in the S&P 500 index [12].