SNX - Why IT Solutions Firm TD SYNNEX Shares Are Falling Today | Benzinga
TD SYNNEX Corporation (NYSE: SNX) reported a Q4 FY23 revenue decline of 11.3% Y/Y to $14.407 billion, missing the consensus of $14.476 billion.
The revenue was impacted by a reduction in the Endpoint Solutions portfolio as the industry continued seeing the decline in post-pandemic demand for PC ecosystem products.
Adjusted gross billings for the year were $77.2 billion, compared to $80.6 billion in the prior fiscal year, down 4.2% Y/Y.