TD Synnex has announced its financial results for the fiscal second quarter that ended May 31 2025.
The distributor increased its revenue by 2 per cent year over year to reach $14.9 billion. This was above the high end of the company’s previously shared outlook. On a constant currency basis, revenue increased by 6.3 per cent year over year.
Patrick Zammit, CEO, TD Synnex (pictured), commented, “Our Q2 results demonstrate the continued strength of the IT distribution and hyperscaler markets, meanwhile, our strategy and the execution of our team are enabling us to grow ahead of market.
“Gross billings grew double digits and non-GAAP diluted EPS exceeded the high end of our guidance with all regions and major technologies contributing.”
Non-GAAP gross billings were at $21.6 billion, an increase of 1 per cent year over year. In addition, cash provided by operations was at $573 million and free cash flow was $543 million.
TD Synnex also returned $186 million to stockholders in the form of $149 million of share repurchases and $37 million in dividends. The company has announced a quarterly cash dividend of $0.44 per common share, up 10 per cent year over year.