2023-03-28 08:08:06 ET
- Synnex press release ( NYSE: SNX ): Q1 Non-GAAP EPS of $2.93 beats by $0.08 .
- Revenue of $15.12B (-2.2% Y/Y) misses by $600M.
- Non-GAAP gross billings of $20.2 billion, up 1% from the prior fiscal first quarter
- Q2 Outlook:
- Revenue is expected to be in the range of $14.0 billion to $15.0 billion vs consensus of $15.68B.
- Non-GAAP gross billings are expected to be in the range of $18.7 billion to $20.0 billion, compared to $19.7 billion in the prior fiscal second quarter.
- Net income is expected to be in the range of $105 million to $152 million and on a non-GAAP basis, net income is expected to be in the range of $214 million to $261 million.
- Diluted earnings per share is expected to be in the range of $1.10 to $1.60 and on a non-GAAP basis, diluted earnings per share is expected to be in the range of $2.25 to $2.75 vs consensus of $2.82, based on estimated outstanding diluted weighted average shares of 94.2 million.
- The outlook for the fiscal 2023 second quarter reflects the impact of year-over-year foreign exchange headwinds on revenue and non-GAAP gross billings of approximately $200 million and $250 million, respectively, and interest rate movements of approximately $30 million.
- Shares +4.15% PM.
For further details see:
Synnex Non-GAAP EPS of $2.93 beats by $0.08, revenue of $15.12B misses by $600M