TD SYNNEX Reports Total Revenue of USD 14062.1 Million in Q2 FY2023, Down 7.9% Year-on-Year
July 5, 2023
🌥️Earnings Overview
TD SYNNEX ($NYSE:SNX) reported a total revenue of USD 14062.1 million for the second quarter of FY2023, ending on May 31st 2023. This represented a 7.9% decrease compared to the same period in the previous year. Net income also declined by 10.6%, reaching USD 133.1 million.
Analysis
GoodWhale’s analysis of TD SYNNEX reveals that the company is a medium risk investment in terms of its financial and business aspects. This assessment is based on various criteria including its market capitalization, financial strength, credit ratings, and other factors. In addition, GoodWhale has detected one risk warning in its balance sheet. To access this warning, you must become a registered user. Overall, TD SYNNEX is a stable company with a strong financial position. It can be a good option for investors seeking good returns in the medium term. It is important to remember that investments, regardless of their risk levels, should be made with consideration for a variety of factors to ensure that investors make the most informed decisions possible. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Td Synnex. More…
| Total Revenues | Net Income | Net Margin |
| 60.79k | 667.54 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Td Synnex. More…
| Operations | Investing | Financing |
| 1.17k | -115.51 | -275.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Td Synnex. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.98k | 19.71k | 88.88 |
Key Ratios Snapshot
Some of the financial key ratios for Td Synnex are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.1% | 19.0% | 1.9% |
| FCF Margin | ROE | ROA |
| 1.7% | 8.6% | 2.5% |
Peers
It has a strong presence in the market with a wide range of products and services. The company has a good reputation and is known for its quality products and services.
However, it faces stiff competition from its competitors such as VNET Group Inc, DC Two Ltd, Searchlight Solutions Ltd.
– VNET Group Inc ($NASDAQ:VNET)
VNET Group Inc is a global provider of cloud-based communications and collaboration solutions. The company has a market cap of 760.84M as of 2022 and a return on equity of 2.37%. The company’s products and services include VoIP, video conferencing, cloud PBX, and unified communications. VNET Group Inc is headquartered in Toronto, Canada.
– DC Two Ltd ($ASX:DC2)
D2C Two Ltd is a publicly traded company with a market capitalization of 3.56 million as of 2022. The company has a negative return on equity of 73.27%. D2C Two Ltd is engaged in the business of providing online marketing and advertising services.
Summary
TD SYNNEX‘s financial performance for the second quarter of FY2023 showed a decline in total revenue and net income compared to the same period last year. Total revenue decreased by 7.9% to USD 14062.1 million, while net income decreased by 10.6% to USD 133.1 million. This had an immediate impact on the stock price, which fell on the same day as the earnings report was released.
Investors should analyze TD SYNNEX’s quarterly results before making any decisions to buy or sell the stock. They should also take into account factors such as the company’s competitive position and economic conditions.
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