TD SYNNEX posts 38% revenue growth and stronger margins
TD SYNNEX ($SNX) reported fiscal third-quarter revenue of $21.6 billion, up 37.7%, exceeding the top of its outlook. Operating income climbed to $643 million, while adjusted operating income reached $736 million. Adjusted earnings rose 58.7% to $5.68 per share, also above guidance, as both its distribution business and Hyve infrastructure operations performed better than management expected. The adjusted operating margin widened to 3.42% from 3.03%, indicating improved profitability as well as h
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