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SYNNEX Corporation Reports Fiscal 2012 Fourth Quarter And Year-End Results

SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced financial results for the fiscal fourth quarter and year ended November 30, 2012.

        Q4 FY12       Q4 FY11      

Net Change

Revenue ($M)       $2,765       $2,841       -2.7%
Operating income ($M)       $74.7       $84.7       -11.9%
Operating margin       2.70%       2.98%       -28bp
Net income attributable to SYNNEX Corporation ($M)       $43.6       $50.2       -13.0%
Diluted EPS       $1.16       $1.37       -15.3%

“I am pleased to report solid quarterly earnings even as compared to the prior year’s exceptional profits from the hard disk drive shortage. Strong operational execution within the core Distribution Segment aligned well with rapid expansion into adjacent, higher margin service and solution businesses," stated Kevin Murai, President and Chief Executive Officer, “Also our GBS Segment’s organic revenue growth continues to accelerate driven by continued investment and increasing momentum in our rapidly growing Concentrix business.”

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