tech data synnex stock

Monday, April 4, 2022 Edit

The company reported 222 earnings per share for the quarter topping the consensus estimate of 138 by 084. TD Synnex has an outstanding growth in its top line and EPS thanks to its successful merger with Tech Data.

The Vast Unraveling Behind Synnex Snx And Tech Data Merger The Impact Of Cloud Giants The Technology Letter

SNX and Tech Data today announced they have entered into a definitive merger agreement under which SYNNEX and Tech Data will combine.

. SYNNEX Corporation NYSESNX entered into a definitive merger agreement to acquire Tech Data Corporation from Apollo Global Management Inc. Together we will be able to offer our customers and vendors exceptional reach efficiency and expertise redefining the experience and value they receive Rich Hume Tech Data CEO PATH TO CLOSING Expected to close in the. Announced in March the Synnex-Tech Data deal was originally valued at 72 billion based on Synnexs stock price at the time.

Read more about SNX stock here. APO which acquired Tech Data in June 2020 will receive 44 million shares of SYNNEX common stock in addition to the refinancing of existing Tech Data net debt and redeemable preferred shares of approximately 27 billion. Tech Data Co.

Under the merger agreement SYNNEX and Tech Data will combine in a transaction valued at approximately 72 billion including net debt. The Tech Data-Synnex merger would combine two distinct distribution business models. Tech Data Corporation commonly referred to as Tech Data is an American multinational distribution company specializing in IT products and services headquartered in Clearwater Florida as of 2021.

The new company will be led by Rich. Accreditation enables access to programs that help drive channel growth TD SYNNEX announced today it has become one of the first distributors to achieve Amazon Web Services AWS Cloud Management Tools Competency. Synnex stock rallied this year following the announcement of its merger with Tech Data.

Establishes Premier Growth Platform with Best-in-Class Capabilities and Offerings. More than 20000 channel partners tap Synnex to provide offerings to SMBs and tech-savvy consumers in North America and Japan. BARCELONA Spain - Tech Data a TD SYNNEX NYSE.

RTTNews - Synnex Corp. Apollo Global Management NYSE. Mr Farache previously served as Tech Data Executive Vice President Strategy and NextGen Cloud Security Data IoT.

Sergio Farache is Chief Strategy Officer for TD SYNNEX. SNX company today announced a distribution agreement with cybersecurity software-as-a-service SaaS provider IDEE. Global distributor of technology products services and solutions.

TD SYNNEXs SNX first-quarter fiscal 2022 top line reflects the benefits from the inclusion of revenues from the recently completed merger of Tech Data Corporation. A multi-billion-dollar merger doesnt go unnoticed in the stock market as evidenced by the combination of two information technology. However theres possibility that this could change in the upcoming year due to their merger with their competitor SynnexThere is no word yet about whether HQ will remain with.

The business had revenue of 818 billion for the quarter compared to analyst estimates of 770 billion. SYNNEX President and CEO This is transformational for Tech Data SYNNEX and the entire technology ecosystem. With this agreement Tech Datas partners in Europe can offerpasswordless multi-factor authentication MFA and authorisation solutions for organisations of all sizes.

NYSEAPO for 72 billion on March 22 2021. Founded in 1980 Synnex distributes more than 30000 technology products from more than 500 manufacturers. RTTNews - SYNNEX Corporation SNX and Tech Data Corporation on Wednesday said they completed their merger to form TD SYNNEX SNX.

TD SYNNEX will serve more than 100 countries in the Americas Europe and Asia-Pacific with a comprehensive portfolio of high value products and service offerings SYNNEX Corporation NYSE. NASDAQTECD issued its earnings results on Thursday May 28th. SNX and Tech Data agreed to merge in a transaction valued at about 72 billion including net debt the companies said in a statementIn Monday pre-market trade SNX.

The combined company will go by the name of TD Synnex and will be led by Tech Data CEO Rich Hume with former Synnex boss Dennis Polk becoming executive chairman of the board of directors. SYNNEX to Combine with Tech Data Creating a Leading Global IT Distributor. News TD SYNNEX CorpSNX.

Fremont Calif-based Synnex on March 22 said it would merge with Tech Data owned by private equity firm. PE Ratio TTM The Price to Earnings PE ratio a key valuation measure is. Establishes Premier Growth Platform with Best-in-Class Capabilities and Offerings 25 Accretive to SYNNEX Non-GAAP Diluted EPS in First Year Conference Call Today at 530 AM PT830 AM ET SYNNEX Corporation NYSE.

The competency is an accreditation that can be achieved through the AWS Partner Network APN by demonstrating specialized. The combined company is now TD SYNNEX led by Rich Hume as CEO. Sep 1 2021 821AM EDT.

25 Accretive to SYNNEX Non-GAAP. TD SYNNEXs SNX first-quarter fiscal 2022 top line reflects the benefits from the inclusion of revenues from the recently completed merger of Tech. In that role he provided dedicated global leadership for the companys overall strategy Innovation and Tech Datas most strategic next-generation technology business.

No significant news for in the past two years. SNX and Tech Data Corporation today announced the successful completion of their merger. That stock has since jumped 23 percent hiking the merger valuation.

Synnex Snx