This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SYNNEX Corporation Reports Fiscal 2013 Third Quarter Results

SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced financial results for the fiscal third quarter ended August 31, 2013.

                  Q3 FY13         Q3 FY12      

Net Change

Revenue ($M)                 $ 2,734           $ 2,577         6.1 %          
Operating income ($M)                 $ 63.5           $ 57.1         11.3 %          
Operating margin                   2.32 %           2.21 %       11bp          
Net income attributable to SYNNEX Corporation ($M) (1)                 $ 46.6           $ 35.1         32.6 %          
Diluted EPS                 $ 0.19           $ 0.93         -79.6 %          
Adjusted Diluted EPS (2)                 $ 1.24           $ 0.93         33.3 %          
1. Q3 FY13 “Other income, net” includes a $12.3M pre-tax benefit from a class-action legal settlement      
2. Q3 FY13 Adjusted Diluted EPS excludes one-time numerator adjustment resulting in $1.05 dilution for
convertible senior notes settlement. A reconciliation of non-GAAP financial information to GAAP financial
information is presented in the supplementary Information at the end of this release.      

“I am pleased to report record sales and solid profitability for our fiscal third quarter,” stated Kevin Murai, President and Chief Executive Officer, SYNNEX Corporation. Murai continued, “Our Distribution segment posted strong sales growth and operating margin, and our GBS segment continued its trend of double-digit sales growth.”

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs