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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.”

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