OverviewSuggest Edit

SYNNEX is a business process services company. It operates through two segments: Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals, information technology systems including data center server and storage solutions, system components, software, networking, communications and security equipment, consumer electronics, and complementary products. It also provides systems design and integration solutions. The Concentrix segment offers a portfolio of technology-infused strategic solutions and end-to-end business services focused on customer experience, process optimization, technology innovation, front and back-office automation and business transformation.

TypePublic
Founded1980
HQFremont, CA, US
Websitesynnexcorp.com
Employee Ratings4
Overall CultureB

Latest Updates

Employees (est.) (Nov 2020)280,000(+20%)
Job Openings574
Revenue (FY, 2020)$24.7 B(+4%)
Share Price (Sept 2021)$118.7(+3%)
Cybersecurity ratingBMore

Key People/Management at Synnex

Dennis Polk

Dennis Polk

President and Chief Executive Officer
Marshall Witt

Marshall Witt

Chief Financial Officer
Kevin Murai

Kevin Murai

Chairman of the Board of Directors
Michael Urban

Michael Urban

President, Worldwide Technology Solutions Distribution
Mitchell Martin

Mitchell Martin

President, SYNNEX Canada
Simon Leung

Simon Leung

General Counsel and Corporate Secretary
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Synnex Office Locations

Synnex has offices in Fremont, Bolingbrook, Carson, Chantilly and in 20 other locations
Fremont, CA, US (HQ)
44201 Nobel Dr
Bolingbrook, IL, US
1180 Remington Blvd
Carson, CA, US
21950 Arnold Center Rd
Chantilly, VA, US
3900 Stonecroft Blvd # M
Chino, CA, US
15065 Flight Ave
Garland, TX, US
1601 S Shiloh Rd
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Synnex Financials and Metrics

Synnex Revenue

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Synnex's revenue was reported to be $24.68 b in FY, 2020 which is a 3.9% increase from the previous period.
USD

Revenue (Q1, 2021)

4.9b

Gross profit (Q1, 2021)

304.6m

Gross profit margin (Q1, 2021), %

6.2%

Net income (Q1, 2021)

87.8m

EBIT (Q1, 2021)

141.7m

Market capitalization (15-Sept-2021)

6.2b

Closing stock price (15-Sept-2021)

118.7

Cash (28-Feb-2021)

1.4b

EV

6.4b
Synnex's current market capitalization is $6.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

20.1b23.8b24.7b

Revenue growth, %

18%18%4%

Cost of goods sold

1.5b20.9b2.8b

Gross profit

18.5b2.9b21.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

5.2b5.7b6.2b5.3b5.5b6.5b4.9b

Cost of goods sold

4.6b5.0b5.5b4.6b4.9b5.8b4.6b

Gross profit

678.9m698.5m726.0m698.3m617.8m708.1m304.6m

Gross profit Margin, %

13%12%12%13%11%11%6%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

454.7m225.5m1.6b

Accounts Receivable

3.9b3.9b9.9b

Inventories

2.5b2.5b2.7b

Current Assets

7.1b7.5b8.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

249.3m271.5m262.3m296.2m1.1b1.5b1.4b

Accounts Receivable

3.2b3.5b3.5b3.3b3.2b3.6b2.4b

Inventories

2.4b2.6b2.8b2.7b3.0b2.8b2.6b

Current Assets

6.4b7.0b7.2b6.9b8.0b8.6b6.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

300.6m500.7m529.2m

Depreciation and Amortization

225.3m372.1m341.6m

Inventories

(367.9m)(153.1m)(128.8m)

Accounts Payable

382.0m98.4m685.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

87.1m201.6m324.7m122.6m179.5m314.0m87.8m

Depreciation and Amortization

94.4m189.8m281.4m84.9m167.2m251.5m15.6m

Inventories

(32.9m)(214.3m)(390.0m)(162.8m)(495.6m)(282.7m)126.9m

Accounts Payable

(875.8m)(290.3m)(119.6m)(613.8m)227.2m454.3m(636.0m)
USDFY, 2018

EV/EBIT

12.9 x

EV/CFO

70.8 x

Revenue/Employee

87.6k

Debt/Equity

1 x

Debt/Assets

0.3 x

Financial Leverage

3.3 x

P/E Ratio

11.2
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Synnex Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Products (Technology Solutions)

30 k30 k30 k30 k30 k30 k30 k30 k40 k40 k40 k40 k40 k40 k

Resellers (Technology Solutions)

25 k25 k25 k25 k25 k25 k25 k25 k25 k25 k25 k25 k25 k25 k

Original Equipment Manufacturers (Technology Solutions)

300300300300400400400400400400400400500500

Product Categories (Technology Solutions)

5555
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Synnex Acquisitions / Subsidiaries

Company NameDateDeal Size
Tech DataMarch 22, 2021$7.2 b
ConvergysJune 29, 2018$2.8 b
Westcon-ComstorJune 05, 2018$830 m
MinacsJune 11, 2016$420 m
IBM World Wide Customer CareSeptember 12, 2013$505 m
VisionMAXNovember 30, 2011
Jack Of All Games, Inc.December 21, 2009
Concentrix CorporationSeptember 11, 2006
2117974 Ontario Inc.
Administrative Services and Technologies to Enterprises Ltda.
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Synnex Revenue Breakdown

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Synnex revenue breakdown by business segment: 81.0% from Technology Solutions and 19.0% from Concentrix

Synnex revenue breakdown by geographic segment: 66.0% from United States and 34.0% from Others

Human Capital Metrics

Source: www.sec.gov
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Synnex Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Synnex Online and Social Media Presence

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Synnex Company Culture

  • Overall Culture

    B

    69/100

  • CEO Rating

    A+

    80/100

  • Compensation

    C+

    66/100

  • Diversity

    B

    69/100

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Synnex News and Updates

SYNNEX Corporation Reports Fiscal 2020 Fourth Quarter and Full Year Results

SYNNEX Corporation (NYSE: SNX) today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2020.

SYNNEX Corporation Awarded Commercial Aggregator Agreement with Broadcom for North America

SYNNEX Corporation (NYSE: SNX) today announced that it has partnered with Broadcom Inc. to deliver an enhanced level of service to the Commercial Business for the Symantec Enterprise division of Broadcom.

BetterInvesting™ Magazine Chooses ADP As "Growth" Stock and Synnex As "Undervalued" For September 2020 Issue

MADISON HEIGHTS, Mich., July 2, 2020 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Automatic Data Processing Inc. (NASDAQ: ADP) as its September 2020 "Stock to Study" and Synnex Corp. (NYSE: SNX) September 2020 its...

Synnex stock rallies on Street beat, plans to split company

Synnex Corp. shares rose in the extended session Thursday after the business process services company said it would split into two publicly traded companies and topped Wall Street estimates. Synnex shares rallied 8% after hours, following a 1.5% rise to close the regular session at $128.84. The com…

Synnex stock rallies on earnings beat

Synnex Corp. shares rallied in the extended session Tuesday after the business process services company topped Wall Street estimates for the quarter. Synnex shares surged 7.8% after hours, following a 2.1% decline in the regular session to close at $95.75. The company reported third-quarter net inc…

Synnex shares rise on earnings beat, outlook

Synnex Corp. shares rose in the extended session Wednesday after the business process services company's earnings topped Wall Street estimates but its revenue didn't and forecast an outlook range that was mostly above the consensus. Synnex shares gained 3.4% after hours, following a 1.5% decline to…
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Synnex Blogs

featured news

https://www.avnetwork.com/systems-contractor-news/the-matchmaker

Synnex Frequently Asked Questions

  • When was Synnex founded?

    Synnex was founded in 1980.

  • Who are Synnex key executives?

    Synnex's key executives are Dennis Polk, Marshall Witt and Kevin Murai.

  • How many employees does Synnex have?

    Synnex has 280,000 employees.

  • What is Synnex revenue?

    Latest Synnex annual revenue is $24.7 b.

  • What is Synnex revenue per employee?

    Latest Synnex revenue per employee is $88.1 k.

  • Who are Synnex competitors?

    Competitors of Synnex include Teleperformance, Genpact and Arrow Electronics.

  • Where is Synnex headquarters?

    Synnex headquarters is located at 44201 Nobel Dr, Fremont.

  • Where are Synnex offices?

    Synnex has offices in Fremont, Bolingbrook, Carson, Chantilly and in 20 other locations.

  • How many offices does Synnex have?

    Synnex has 25 offices.