Core Insights - Climb Channel Solutions has entered into a distribution agreement with Egnyte, enhancing its portfolio with a cloud-native platform for secure content collaboration [1][2] - This partnership aims to expand access to transformative technologies for partners and customers across the United States, catering to both SMB and enterprise environments [2][4] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various sectors including Security, Data Management, and Cloud solutions, emphasizing a data-driven approach to accelerate market entry for emerging technologies [5] - Egnyte is recognized for its intelligent content platform that integrates cloud content management, data security, and AI, serving over 22,000 customers across multiple industries [7] Partnership Details - The collaboration is designed to enhance Egnyte's Partner Program, which focuses on profitability, enablement, and simplicity, thereby supporting a broader network of solution partners [3] - Climb's extensive reseller network is expected to facilitate Egnyte's growth by providing agile supply chain support, technical assistance, and competitive pricing [3][4]

Core Insights - TD SYNNEX reported revenue of $14.95 billion for the quarter ended May 2025, reflecting a year-over-year increase of 7.2% and surpassing the Zacks Consensus Estimate by 4.38% [1] - Earnings per share (EPS) for the quarter was $2.99, up from $2.73 in the same quarter last year, exceeding the consensus EPS estimate of $2.69 by 11.15% [1] Revenue Breakdown - Revenue from the Americas was $9.01 billion, exceeding the two-analyst average estimate of $8.74 billion, with a year-over-year change of 5.3% [4] - Revenue from the Asia-Pacific and Japan region was $1.05 billion, surpassing the two-analyst average estimate of $1.03 billion, representing an 8.7% year-over-year increase [4] - Revenue from Europe reached $4.89 billion, compared to the average estimate of $4.54 billion based on two analysts, showing a year-over-year change of 10.5% [4] Stock Performance - Over the past month, TD SYNNEX shares have returned 5.1%, outperforming the Zacks S&P 500 composite's return of 3.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Business Transformation & Strategy - ScanSource has transformed from a traditional hardware distributor to an innovative hybrid distributor with a focus on specialty device distribution and fast-growing recurring revenue[6] - The company aims to drive sustainable profitable growth by orchestrating hybrid technology solutions through a rapidly growing ecosystem of suppliers and channel partners[16] - A key mid-term goal is to increase recurring revenue as a percentage of gross profits to over 30%[22, 72] Financial Performance & Metrics - Recurring revenue has seen rapid growth, increasing from $0 million in FY16 to $111 million in FY24[13] - Gross profit margin has expanded from 9.7% in FY16 to 12.2% in FY24, representing a +259 bps increase[13] - In Q3 FY25, total recurring revenue reached $39.6 million, a 41% year-over-year increase[24] - The company maintains a strong balance sheet with a net leverage ratio of (0.1)x in Q3 FY25, $146 million in cash and cash equivalents, and $350 million in credit facility availability[56] Market Position & Opportunities - ScanSource is positioned as a leading hybrid distributor, offering a diverse ecosystem of partners and technologies[10, 11] - The company differentiates itself through unmatched hybrid distribution capabilities, focusing on complex, niche markets[41, 42] - Intelisys, a technology services distributor, contributes approximately 90% of the Intelisys & Advisory segment's gross profit, with annualized net billings of approximately $2.86 billion[11, 32]

Core Insights - Climb Channel Solutions has been recognized for its leadership in the IT channel, with nine women named to the 2025 Women of the Channel list and Kim Stevens, the Chief Marketing Officer, included in the Power 100 subset [1][2][5] Company Recognition - The CRN Women of the Channel list honors women from various organizations who positively impact the IT ecosystem, showcasing their commitment to channel excellence [2][3] - Climb Channel Solutions celebrates the achievements of its nine honorees, including six repeat awardees, highlighting their influence on the company's growth and culture of excellence [5][6] Leadership Statements - Jennifer Follett, VP at CRN, emphasized the exceptional dedication of the honorees in driving transformation and success within the IT channel [3] - Kim Stevens expressed gratitude for being part of the Power 100 and acknowledged the supportive culture at Climb that empowers women to excel [7] Honorees List - The following women from Climb Channel Solutions were recognized: - Kim Stevens, CMO - Danielle Franco, VP of Operations - Erin King, Director, Premier Accounts - Katie Kunker, Regional Sales Director, Southeast - Jessica Lindof, Regional Sales Director, Northeast - Jennifer Mish, Director of Corporate Marketing - Michelle Boers, Director of National Accounts - Sarah Peters, Director of National Alliances - Nicole Shanley, Sr. Director of Order Services - Sandy DeVico, Director of National Accounts [8]

Core Insights - Climb Channel Solutions has promoted Carlos Rodrigues to President of North America, recognizing his leadership and strategic vision since joining the company in 2020 [1][2][7] Company Overview - Climb Channel Solutions is a global specialty technology distributor focused on various sectors including Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & Application Lifecycle [9] - The company aims to reimagine distribution through a data-driven approach, enhancing speed to market and providing flexible financing and exceptional service to partners [9] Leadership and Growth - Carlos Rodrigues has been instrumental in driving company-wide growth and building strong relationships with vendors and partners during his tenure as Vice President of Sales [2][3] - His leadership has led to the establishment of a dedicated Vendor Management team, which has expanded to 36 channel professionals focused on enhancing vendor engagement and driving new business [5][6] - The promotion of Carlos is seen as a strategic move to accelerate growth and expand Climb's market presence in North America [6][7]

Q1 2025 Performance Highlights - Net sales reached $123 billion, up 108% year-over-year on an FX neutral basis, exceeding guidance by 56%[14, 10] - Adjusted income from operations was $229 million, a 66% increase year-over-year[14] - Non-GAAP net income increased by 66% year-over-year to $144 million[14] - Adjusted EBITDA was $291 million, a 01% increase year-over-year[14] - Non-GAAP diluted EPS was $061, exceeding guidance by $005[14] Financial Position - The company repaid $125 million of debt in Q1 2025, bringing the total repayment to $169 billion since 2022[10, 32] - Available liquidity under the Revolving Credit Facility is $35 billion[33] - Net Debt / Q1 2025 TTM Adjusted EBITDA decreased to 20x, down from 23x in Q1 2024[33] Xvantage Digital Platform - The platform facilitated 12 million searches for hardware, software, cloud, and services[20] - Self-serve orders more than tripled year-over-year[21] - Thousands of dormant customers were reactivated through the platform[22] Q2 2025 Guidance - Net revenue is projected to be between $11765 billion and $12165 billion, representing year-over-year growth of 19% to 54%[35] - Non-GAAP diluted EPS is expected to be between $053 and $063[35]

Financial Data and Key Metrics Changes - Gross billings in Q1 2025 increased by 34% to $474.6 million compared to $355.3 million in the prior year quarter [12] - Net sales rose by 49% to $138 million from $92.4 million, driven by organic growth and the acquisition of DSS [12] - Net income increased by 35% to $3.7 million or $0.81 per diluted share, compared to $2.7 million or $0.60 per diluted share in Q1 2024 [14] - Adjusted EBITDA grew by 38% to $7.6 million, with an effective margin increase of 20 basis points to 32.7% [15] Business Line Data and Key Metrics Changes - Distribution segment gross billings increased by 36% to $453.6 million, while Solutions segment gross billings rose by 2% to $21 million [12] - SG&A expenses increased to $16.8 million from $12.5 million, with SG&A as a percentage of gross billings remaining flat at 3.5% [13] Market Data and Key Metrics Changes - The company reported solid organic growth in both the U.S. and Europe, indicating a strong market presence [5] - The initial interaction with Darktrace has resulted in a growing pipeline exceeding $30 million in potential gross billings [7] Company Strategy and Development Direction - The company is focused on sustaining momentum and driving organic growth while remaining active in M&A to enhance service offerings [11] - The implementation of a new ERP system is expected to improve efficiency and data insights across global operations [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the economic environment has not significantly impacted business, with over 80% of operations in the U.S. [23] - The company is optimistic about future growth, particularly with new vendor relationships and ongoing enhancements to operational systems [30] Other Important Information - The Board of Directors declared a quarterly dividend of $0.17 per share, payable on May 16, 2025 [17] - The company recognized Freshworks as its strategic partner of the year during its annual client partner conference [9] Q&A Session Summary Question: Were there any large deals in the quarter or was it broad-based demand? - Management indicated that the growth was broad-based with no standout deals in Q1, although they expect stronger performance in the education sector as the fiscal year progresses [21][22] Question: Has there been any change in sentiment given the uncertain economic environment? - Management reported no significant impact from economic uncertainties, as the majority of their business is U.S.-based [23] Question: Are synergies in Europe starting to materialize? - Management confirmed that synergies are beginning to show, particularly with the integration of DSS into their ERP system [26][27] Question: Did organic growth trends continue into April? - Management refrained from discussing specific April results but expressed optimism about ongoing relationships and growth potential [28][30]

Core Insights - Climb Channel Solutions has announced a new partnership with Accelsius to enhance its offerings in high-performance computing environments [1][2] - The partnership aims to provide innovative liquid cooling solutions to meet the increasing demands of AI, cloud, and data-intensive workloads [2][3] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various sectors including Security, Data Management, and Cloud technologies [5] - Accelsius specializes in next-generation liquid cooling solutions, particularly its proprietary NeuCool™ system, which is designed for high-performance computing [2][6] Partnership Details - The collaboration will leverage Accelsius' two-phase, direct-to-chip cooling technology, which is noted for its energy efficiency and hardware protection [3][4] - Climb's expertise in emerging technologies and strong channel relationships positions it well to scale the deployment of Accelsius' solutions [3][4] Market Positioning - The partnership is expected to empower resellers, integrators, and service providers to deliver advanced cooling solutions more effectively, addressing the growing demand for sustainable infrastructure [3][4] - Climb's commitment to expanding its portfolio with cutting-edge technologies is reinforced through this partnership, enhancing its position in the high-performance infrastructure market [4]