TD SYNNEX reports record Q2 revenue of 19.6 billion dollars

• TD SYNNEX (NYSE:SNX) posted fiscal second quarter revenue of $19.6 billion, up 31% year over year.
• Non-GAAP diluted EPS rose 62.2% to $4.85, significantly beating the high end of company guidance.
• The company returned $151 million to shareholders and raised its quarterly dividend 9% to $0.48 per share.

TD SYNNEX (NYSE:SNX) announced record fiscal second quarter revenue of $19.6 billion, an increase of 31% year over year and 29.1% in constant currency.

Non-GAAP gross billings reached $28.9 billion, up 33.4% year over year and 31.7% in constant currency.

Diluted EPS was $4.15, while non-GAAP diluted EPS increased 62.2% to $4.85.

“We delivered a record quarter with broad-based strength across Distribution and Hyve, building on the momentum we have carried out of recent quarters,” said Patrick Zammit, CEO of TD SYNNEX. Following the announcement the TD SYNNEX (NYSE:SNX) share price was unchanged.

During the period under review, the company returned $151 million to stockholders, including $112 million in share repurchases and $39 million in dividends.

TD SYNNEX also announced a quarterly cash dividend of $0.48 per common share, an increase of 9% year over year.