Synnex profit up 50 per cent

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30 September 2004 – Fremont (CA): Synnex has posted a 50 per cent rise in Q3 profit.

The firm reported net income of $11.5 million, or EPS of $0.38, compared to net income of $7.7 million, or EPS of $0.32, a year earlier. Total revenue grew 29 per cent to reach $1.34 billion.

CEO Robert Huang said: "Synnex achieved another strong quarter of sales and profits, due to reasonable market conditions and our focus on executing our distribution strategy."

He added that the integration of recent acquisition EMJ Data Systems is "nearly complete".