SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced financial results for the fiscal first quarter ended February 28, 2013.
|Q1 FY13||Q1 FY12||
|Operating income ($M)||$55.9||$64.0||-12.6%|
|Net income attributable to SYNNEX Corporation ($M)||$33.4||$38.2||-12.7%|
“I am pleased to report solid quarterly results even as compared to the prior year’s exceptional profits which benefitted from the hard drive shortage and considering the recent weakening of key foreign currencies such as the yen. Steady operational execution within the core Distribution Segment aligned well with our mix shift into higher margin product and service offerings, including in our Technology Solutions Division," stated Kevin Murai, President and Chief Executive Officer. “Our GBS Segment’s strong revenue growth continues, driven by strategic investment and increasing momentum in our rapidly growing Concentrix business.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts