TD Synnex surges 155 per cent to $15.6bn in its first fiscal quarter after $7.2bn merger

The massive spike was the result of the merger between Tech Data and Synnex

Kelsey Rees
clock • 2 min read
TD Synnex surges 155 per cent to $15.6bn in its first fiscal quarter after $7.2bn merger

TD Synnex has released its financial results for the fiscal fourth quarter and fiscal year ended November 30, 2021. Revenues soared 155.1 per cent to $15.6bn (€13.7bn) from the previous fiscal fourth quarter. The distribution giant attributed the significant spike to the September merger between Tech Data and Synnex. Meanwhile operating income saw a drop of 7.5 per cent from $200m (€176m) to $185m (€162m). However, the company's CFO, Marshall Witt said in an earnings call transcribed...

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