Synnex provides business process services internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals, information technology systems, networking/communications/security equipment, consumer electronics, and complementary products. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business services focused on customer engagement strategy, process optimization, technology innovation, front and back-office automation, and business transformation services. This segment serves clients in various industry verticals, including automotive, banking and financial services, consumer electronics, energy and public sector, healthcare, insurance, media and communications, retail and e-commerce, and technology, as well as travel, transportation, and tourism.
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Employee Rating

2.8More
TypePublic
HQFremont, US
Founded1980
Size (employees)118,000 (est)+10%
Websitesynnexcorp.com
Synnex was founded in 1980 and is headquartered in Fremont, US
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Key People/Management at Synnex

Dennis Polk

Dennis Polk

President and Chief Executive Officer
Marshall Witt

Marshall Witt

CFO
Christopher Caldwell

Christopher Caldwell

Executive Vice President; President, Concentrix Corporation
Peter Larocque

Peter Larocque

President, North American Technology Solutions
Simon Leung

Simon Leung

Senior Vice President; General Counsel; Corporate Secretary
Kevin Murai

Kevin Murai

Chairman of the Board of Directors
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Synnex Office Locations

Synnex has offices in Fremont, Kashiwa, Tokyo, Richmond and in 6 other locations
Fremont, (HQ)
44201 Nobel Dr
Calgary,
5280 72 Ave SE
Guelph,
107 Woodlawn Rd W
Markham,
4011 14th Ave
Montréal,
310 3300 Boulevard de la Côte-Vertu
Richmond,
120 18233 Blundell Rd
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Synnex Financials and Metrics

Synnex Revenue

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Synnex's revenue was reported to be $17.05 b in FY, 2017 which is a 21.2% increase from the previous period.
USD

Revenue (Q3, 2018)

4.9b

Gross profit (Q3, 2018)

741.5m

Gross profit margin (Q3, 2018), %

15.1%

Net income (Q3, 2018)

69.3m

EBIT (Q3, 2018)

116.9m

Market capitalization (12-Dec-2018)

4.2b

Closing stock price (12-Dec-2018)

83.0

Cash (31-Aug-2018)

204.0m

EV

5.1b
Synnex's current market capitalization is $4.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

13.8b13.3b14.1b17.0b

Revenue growth, %

28%(4%)5%21%

Cost of goods sold

12.7b12.1b12.8b15.5b

Gross profit

1.1b1.2b1.3b1.6b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

2.7b3.0b3.5b3.5b3.2b3.3b3.3b3.1b3.4b3.7b3.5b3.9b4.3b4.6b9.5b4.9b

Cost of goods sold

2.6b2.8b3.2b3.2b2.9b3.0b3.0b4.2b

Gross profit

164.3m206.6m279.0m299.7m288.2m300.1m290.8m741.5m

Gross profit Margin, %

6%7%8%8%9%9%9%15%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

151.6m180.1m336.1m380.7m550.7m

Accounts Receivable

1.6b2.1b1.8b1.8b2.8b

Inventories

1.1b1.4b1.3b1.7b2.2b

Current Assets

2.9b3.9b3.6b4.0b5.7b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

139.4m148.4m204.6m127.7m169.8m215.5m308.1m447.6m589.0m223.3m210.1m305.6m243.3m372.3m354.2m204.0m

Accounts Receivable

1.3b1.6b1.8b1.9b1.6b1.7b1.6b1.5b1.5b1.7b1.7b1.8b1.9b2.6b2.7b3.0b

Inventories

1.0b1.2b1.4b1.4b1.3b1.2b1.3b1.3b1.4b1.6b1.9b2.1b2.2b2.3b2.1b2.0b

Current Assets

2.6b3.1b3.6b3.6b3.3b3.3b3.4b3.4b3.6b3.6b3.9b4.3b4.5b5.5b5.4b5.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

152.3m180.2m208.6m235.0m301.2m

Depreciation and Amortization

103.5m121.3m159.9m

Inventories

(155.2m)(330.2m)40.1m(410.2m)(243.3m)

Accounts Payable

186.2m205.1m(23.5m)265.6m342.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

110.8m38.5m78.0m123.0m46.3m98.2m146.4m46.6m91.0m149.7m61.8m134.9m210.1m24.4m118.1m187.4m

Depreciation and Amortization

12.3m5.7m14.9m25.2m11.2m22.3m35.3m14.5m31.2m46.5m35.9m71.4m108.3m48.6m97.5m146.2m

Inventories

(67.0m)(136.9m)(332.1m)(355.8m)76.6m133.4m47.4m59.4m(39.0m)(224.8m)(109.1m)(368.2m)(484.6m)(154.7m)30.5m115.2m

Accounts Payable

(52.2m)(30.7m)111.1m21.8m(365.9m)(256.1m)(207.0m)(240.6m)(64.6m)
USDY, 2018

EV/EBIT

43.9 x

EV/CFO

-127.1 x

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

3.1 x
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Synnex Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Distribution Centers

40 40 40

Products

30 k30 k30 k30 k30 k30 k30 k30 k30 k30 k30 k

Resellers

20 k20 k20 k20 k20 k20 k20 k20 k20 k20 k20 k
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Synnex Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
ConvergysJune 29, 2018$2.80 b

Synnex Revenue Breakdown

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Synnex revenue breakdown by business segment: 88.3% from Technology Solutions and 11.7% from Concentrix

Synnex revenue breakdown by geographic segment: 9.9% from Canada, 73.3% from United States and 16.8% from Others

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Synnex Online and Social Media Presence

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Synnex News and Updates

Synnex shares fall on weak outlook

Synnex Corp. shares fell in the extended session Wednesday after the business-process services company's forecast range was mostly below Wall Street estimates. Synnex shares fell 6.9% after hours, following a 1.3% gain to close the regular session at $84.90. For the fourth quarter, Synnex estimates…

Innovation in Outsourced Customer Care Services Market Including Key Players Sykes Enterprises, Synnex, TeleTech Holdings, Teleperformance

HTF MI recently introduced Global Outsourced Customer Care Services Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. Posted via Industry Today. Follow us on Twitter @IndustryToday

Synnex Corp to buy Convergys Corp in $2.4 bln deal

June 28 (Reuters) - Business process services company Synnex Corp said on Thursday it would buy call center operator Convergys Corp in a $2.43 billion cash-and-stock deal.
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Synnex Blogs

featured news

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

Synnex Company Life and Culture

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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 Christopher Caldwell.

  • How many employees does Synnex have?

    Synnex has 118,000 employees.

  • What is Synnex revenue?

    Latest Synnex annual revenue is $17 b.

  • What is Synnex revenue per employee?

    Latest Synnex revenue per employee is $144.5 k.

  • Who are Synnex competitors?

    Competitors of Synnex include Vertex Wireless, Cloud Harmonics and Ingram Micro.

  • Where is Synnex headquarters?

    Synnex headquarters is located at 44201 Nobel Dr, Fremont.

  • Where are Synnex offices?

    Synnex has offices in Fremont, Kashiwa, Tokyo, Richmond and in 6 other locations.

  • How many offices does Synnex have?

    Synnex has 10 offices.