TD Synnex has posted a 5% increase in third quarter sales to $14.7 billion.
For the period ended 31 August, net income was $179m, up 28% from last year.
The distributor returned $91m to stockholders in the form of $57m share repurchases and $34m in dividends.
It announced a quarterly cash dividend of $0.40 per common share, up 14% from the previous fiscal third quarter.
“Q3 was a strong quarter, reinforcing our optimism regarding IT market recovery. In particular, we saw significant growth across geographic segments and in both our Endpoint and Advanced solutions businesses.
Additionally, gross billings in Q3 grew 9%, coming in above the high end of our range,” said Patrick Zammit, CEO of TD Synnex.
“These results underscore that our broad global reach, extensive line card and effective execution of our strategy are helping us grow slightly ahead of market.”
