Last updated: September 27, 2023
1 minutes read
TD Synnex has reported a 9.1% revenue decline to $14bn for Q3 2023, impacted by post-pandemic drops in the PC market.
This dip, mainly from their endpoint solutions portfolio, aligns with their forecasted $13.5bn-$14.5bn range.
However, gains in their advanced solutions segment helped counterbalance some losses.
“Our third quarter results demonstrate the momentum we are seeing on our deliberate and strategic goal to expand in high growth technologies, with robust margin expansion in the Americas and strong EPS generation,” said Rich Hume, CEO of TD Synnex.
Regionally, European revenues fell 9.7% to $4.2bn, while the U.S. saw a 10.3% decline to $8.9bn.
For Q4, the company projects revenues between $14bn-$15bn and net incomes of $116m-$162m.
