Synnex Reports Q1 Revenues Up 10 Percent

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 […]

Mar 21, 2008
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

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.

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.

Recommended for you...

Concentric AI Adds Integrations to Data Governance Platform

Concentric AI adds Wiz, Salesforce, and GitHub integrations to boost Semantic Intelligence platform’s AI-driven data governance and security capabilities.

Jordan Smith
Aug 15, 2025
Brivo Launching New Solution to Boost Security Suite

Brivo and Envoy partner to unify access control & visitor management, delivering scalable, compliant, and secure workplace experiences.

Jordan Smith
Aug 13, 2025
GitHub CEO Steps Down as Microsoft Tightens AI Integration

GitHub CEO Thomas Dohmke to step down in 2025 as Microsoft moves platform into CoreAI, deepening its role in the company’s AI development strategy.

Allison Francis
Aug 13, 2025
Backblaze CEO on GTM Strategy & AI Demand on M&E Datasets

Backblaze CEO on record growth, AI and M&E wins, and how new products and partnerships are driving enterprise cloud storage adoption.

Jordan Smith
Aug 13, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.