|Q4 FY13||Q4 FY13||Q4 FY12||Net change Q4FY13 vs Q4FY12|
|GAAP Results||Non-GAAP Results (1)||GAAP Results||GAAP Results||Non-GAAP Results|
|Operating income ($M)||$69.4||$75.2||$74.7||-7.0%||0.8%|
|Net income attributable toSYNNEX Corporation ($M)||$41.5||$45.4||$43.6||-4.9%||4.1%|
SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced financial results for the fiscal fourth quarter and year ended November 30, 2013.
(1)Non-GAAP results exclude the impact of expenses incurred for the anticipated acquisition of the IBM customer relationship management business process outsourcing business (“IBM CRM acquisition”) and other integration costs in our GBS segment. The impact of these expenses was $5.8 million, pre-tax, on operating income and operating margin and $3.9 million, net of tax, on net income attributable to SYNNEX Corporation and diluted EPS. A reconciliation of GAAP financial measures to non-GAAP financial measures is presented in the supplementary information section of the press release. “I am pleased to report a strong finish to fiscal 2013 with fourth quarter results reflecting the continued strength of our business," stated Kevin Murai, President and Chief Executive Officer, “We’re excited about the growth opportunities in 2014 in our Distribution and GBS businesses, as well as closing the acquisition of the IBM CRM BPO business which we expect to occur this quarter.”