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The company says the quarter is its 83rd consecutive profitable quarter.
Synnex March 20 reported revenue for the first quarter of 2008 increased 10 percent to $1.75 billion from $1.59 billion in the first quarter of 2007.
Net income for the first quarter of 2008 grew to $16.8 million, or 51 cents per share, from $13.9 million, or 43 cents per share in the same quarter of the previous year. Company officials said it was the 83rd consecutive profitable quarter for Synnex.
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The net income increase represents 21 percent net income growth from the first quarter of 2007, Synnex officials said. Operating income for the first quarter increased to $32.8 million from $24.9 million in the first quarter of 2007.
First-quarter gross profit was $95.9 million, up from $74.4 million in the first quarter of 2007.
Robert T. Huang, president and CEO, said in a statement he was pleased with the company's profitability and growth, and that Synnex remained committed to growing the company's earnings per share by 15 percent year over year.
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