OverviewSuggest Edit

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.
TypePublic
Founded1980
HQFremont, US
Websitesynnexcorp.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Nov 2018)229,000(+114%)
Job Openings184
Revenue (FY, 2018)$20.1 B(+18%)
Share Price (Nov 2019)$117 (-1%)

Key People/Management at Synnex

Peter Larocque

Peter Larocque

President, North American Technology Solutions
Christopher Caldwell

Christopher Caldwell

Executive Vice President; President, Concentrix Corporation
Simon Leung

Simon Leung

Senior Vice President; General Counsel; Corporate Secretary
Mike Vaishnav

Mike Vaishnav

Senior Vice President, Corporate Finance; Treasurer
Gina Rugani

Gina Rugani

Corporate Vice President, Business Operations
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Synnex Office Locations

Synnex has offices in Fremont, Calgary, Guelph, Markham and in 6 other locations
Fremont, US (HQ)
44201 Nobel Dr
Calgary, CA
5280 72 Ave SE
Guelph, CA
107 Woodlawn Rd W
Markham, CA
4011 14th Ave
Montréal, CA
310 3300 Boulevard de la Côte-Vertu
Richmond, CA
120 18233 Blundell Rd
Show all (10)

Synnex Financials and Metrics

Synnex Revenue

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Synnex's revenue was reported to be $20.05 b in FY, 2018
USD

Revenue (Q3, 2019)

6.2b

Gross profit (Q3, 2019)

1.5b

Gross profit margin (Q3, 2019), %

23.5%

Net income (Q3, 2019)

123.1m

EBIT (Q3, 2019)

208.9m

Market capitalization (12-Nov-2019)

6.0b

Closing stock price (12-Nov-2019)

117.0

Cash (31-Aug-2019)

262.3m

EV

8.5b
Synnex's current market capitalization is $6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

13.8b13.3b14.1b17.0b20.1b

Revenue growth, %

28%(4%)5%21%

Cost of goods sold

12.7b12.1b12.8b15.5b1.5b

Gross profit

1.1b1.2b1.3b1.6b18.5b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

2.7b3.0b3.5b3.5b3.2b3.3b3.3b3.1b3.4b3.7b3.5b3.9b4.3b4.6b9.5b4.9b5.2b5.7b6.2b

Cost of goods sold

2.6b2.8b3.2b3.2b2.9b3.0b3.0b4.2b3.8b4.3b4.7b

Gross profit

164.3m206.6m279.0m299.7m288.2m300.1m290.8m741.5m1.4b1.4b1.5b

Gross profit Margin, %

6%7%8%8%9%9%9%15%27%25%23%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

151.6m180.1m336.1m380.7m550.7m454.7m

Accounts Receivable

1.6b2.1b1.8b1.8b2.8b3.9b

Inventories

1.1b1.4b1.3b1.7b2.2b2.5b

Current Assets

2.9b3.9b3.6b4.0b5.7b7.1b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

139.4m148.4m204.6m127.7m169.8m215.5m308.1m447.6m589.0m223.3m210.1m305.6m243.3m372.3m354.2m204.0m249.3m271.5m262.3m

Accounts Receivable

1.3b1.6b1.8b1.9b1.6b1.7b1.6b1.5b1.5b1.7b1.7b1.8b1.9b2.6b2.7b3.0b3.2b3.5b3.5b

Inventories

1.0b1.2b1.4b1.4b1.3b1.2b1.3b1.3b1.4b1.6b1.9b2.1b2.2b2.3b2.1b2.0b2.4b2.6b2.8b

Current Assets

2.6b3.1b3.6b3.6b3.3b3.3b3.4b3.4b3.6b3.6b3.9b4.3b4.5b5.5b5.4b5.4b6.4b7.0b7.2b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

152.3m180.2m208.6m235.0m301.2m300.6m

Depreciation and Amortization

103.5m121.3m159.9m225.3m

Inventories

(155.2m)(330.2m)40.1m(410.2m)(243.3m)(367.9m)

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, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

110.8m38.5m78.0m123.0m46.3m98.2m146.4m46.6m91.0m149.7m61.8m134.9m210.1m24.4m118.1m187.4m87.1m201.6m324.7m

Depreciation and Amortization

12.3m5.7m14.9m25.2m11.2m22.3m35.3m14.5m31.2m46.5m35.9m71.4m108.3m48.6m97.5m146.2m94.4m189.8m281.4m

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(32.9m)(214.3m)(390.0m)

Accounts Payable

(52.2m)(30.7m)111.1m21.8m(365.9m)(256.1m)(207.0m)(240.6m)(64.6m)(875.8m)(290.3m)(119.6m)
USDY, 2019

EV/EBIT

40.6 x

EV/CFO

41.8 x

Financial Leverage

3.2 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: 11.7% from Concentrix and 88.3% from Technology Solutions

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

Synnex Online and Social Media Presence

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Synnex News and Updates

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…

Synnex stock rises as results, outlook top Street view

Synnex Corp. shares rose in the extended session Thursday after the business process services company's quarterly results and outlook topped Wall Street estimates. Synnex shares advanced 3.7% after hours, following a 1.8% rise to close the regular session at $86.83. The company reported fiscal four…

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.

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 Peter Larocque, Christopher Caldwell and Simon Leung.

  • How many employees does Synnex have?

    Synnex has 229,000 employees.

  • What is Synnex revenue?

    Latest Synnex annual revenue is $20.1 b.

  • What is Synnex revenue per employee?

    Latest Synnex revenue per employee is $87.6 k.

  • Who are Synnex competitors?

    Competitors of Synnex include Avnet, IBM and Tech Data.

  • Where is Synnex headquarters?

    Synnex headquarters is located at 44201 Nobel Dr, Fremont.

  • Where are Synnex offices?

    Synnex has offices in Fremont, Calgary, Guelph, Markham and in 6 other locations.

  • How many offices does Synnex have?

    Synnex has 10 offices.