Tag: TD SYNNEX

TD SYNNEX has opened its Net Zero Academy, a three-day course to train partners on assessing their carbon impact and creating a plan to move their business towards net zero.

The first two days are classroom-based at TD SYNNEX’s offices in Basingstoke and a further day of home or office-based learning and assessment.

The course has been accredited by the Institute of Environmental Management and Assessment (IEMA) and delivered by specialist consultancy Arete Zero Carbon.

TD SYNNEX business unit director Sophia Haywood-Atkinson said sustainability commitments recognised by industry standards have become “increasingly important” as customers are looking much harder at the commitment of their suppliers. Read more…

TD SYNNEX has seen a reduction in its third quarter 2023 numbers, with revenues falling 9.1 per cent to $14 billion, compared to $15.4 billion.

The company blamed weak performance in its endpoint solutions business due to post-pandemic declines in the PC market.

Net income shrank 6.4 per cent to $139.3 million.

TD SYNNEX said the slump was partially offset by growth in its advanced solutions arm.

TD SYNNEX CEO Rich Hume said that the company’s results demonstrated the momentum in its strategic goal to expand in high growth technologies, with robust margin expansion in the Americas and strong EPS generation.

“Our expansive portfolio of products, solutions, and services, along with a relentless focus on execution allowed us to successfully navigate the post-Covid IT spending environment, while our resilient business model enabled us to generate over $500 million in cash from operations, equipping us to increase capital returned to shareholders via share repurchases,” he added. Read more…

TD SYNNEX has integrated its Epson A3 office print devices into its OpenMPS-managed print service.

This means that its partners can offer customers automated cartridge replacement, on-site warranty cover, and the positive energy and waste-saving benefits of Epson’s unique Heat-Free inkjet technology from day one.

For those not in the know, OpenMPS is a simple service that allows partners to manage their end customers’ existing printing devices – whether they are deployed in the workplace or the home.

Partners can set up automated shipments of supplies to their customers and monitor print devices through a simple app that customers can install on their networks and client devices. Read more…

Distributer TD SYNNEX let go of around 100 employees two months after the IT distribution giant implemented a voluntary severance programme.

More than 300 employees took the voluntary severance package, and the 100 who have been let go wanted to stay.

Seen leaving the building with their belongings in a photocopy box included sales reps, vendor business and solutions reps, business development managers, and finance employees.

The company said that the layoffs are related to “merger synergies” after the 2021 merger of Tech Data and Synnex. Read more…

TD SYNNEX has been appointed as a distributor for Lenovo’s ThinkReality portfolio of virtual and mixed-reality headsets and says it is ready to bring partners on board and them take the solution to their customers.

Designed for business, the ThinkReality solutions provide an innovative and highly effective platform for simulated training, collaboration and 3D design applications.

TD SYNNEX, business unit director, mobile / CE / mixed reality, UK Ryan Thomas said this was a good opportunity for B2B resellers to start venturing into an area of largely unexplored potential. Read more…

TD Synnex’s second-quarter numbers suffer from PC market decline.

The distributor reported a 7.9 per cent decrease in revenues, coming in at $14.1 billion for the three months ended 31 May. In Europe, the decline was 4.1 per cent, with revenue at $4.5 billion. In the Americas, the drop was 11 per cent, and in Asia-Pacific and Japan, there was a 7.3 per cent climb to hit $901 million.

The outfit pointed the finger at a decline in its endpoint solutions business as the PC industry continues to struggle post the highs of the pandemic period. The firm saw growth in its Advanced Solutions business, with strong demand from cloud and datacentre technologies, but this was not enough to offset what was happening in other parts of the business.

The firm highlighted that the shift in product mix had resulted in a greater percentage of its revenues being presented on a net basis, which negatively impacted the numbers year-on-year to the tune of approximately three per cent.

Operating income of $253 million was flat year-on-year for the business globally, and it was the same picture in Europe. The Americas region saw a decline to $187 million from $193 million, but the picture was better in Asia-Pacific and Japan, where it improved to $26 million from $19 million in the prior year.

TD Synnex CEO Rich Hume said: “Our unparalleled, end-to-end line card of products and services allowed us to realise growth in Advanced Solutions and high-growth technologies, as the industry continued to be impacted by post-pandemic declines in demand for PC ecosystem products.”

“As we enter the second half of our fiscal year, we are focused on pursuing an additional $50m in cost savings and accelerating our shareholder returns via opportunistic share repurchases,” he said.

TD SYNNEX  UK and Ireland has launched its Accelerate programme for Amazon Web Services (AWS), providing cloud partners with access to resources that will enable them to develop their competency, clearly demonstrate the relevance and value of AWS solutions to their customers.

The AWS Accelerate programme provides all the training and specialist support partners need to build their capabilities and confidence in AWS solutions. Read more…