Synnex Technology International: 2023 Earnings Surpass Revenue Expectations, Meet EPS.

1 min read


  • Synnex Technology International’s full year 2023 earnings saw revenues beating expectations.
  • The company’s EPS was in line with analyst estimates.

Synnex Technology International reported a revenue of NT$396.0b for the full year 2023, reflecting a 6.7% decrease from the previous year. Net income decreased by 54% to NT$7.29b with a profit margin of 1.8%. The EPS dropped from NT$9.44 in FY 2022 to NT$4.37 in FY 2023.

The primary driver of revenue was the Distribution Business Group segment, contributing 70% of the total revenue. Cost of sales accounted for 96% of total revenue, impacting earnings. Sales & Marketing expenses were the highest at NT$7.28b.

Looking ahead, Synnex Technology International forecasts a 6.0% p.a. revenue growth over the next 2 years, compared to an 11% growth forecast for the Electronic industry in Taiwan. The company’s shares have seen a 6.4% increase over the past week.

However, investors should take note of the risks involved, as the company has 3 warning signs and 1 concerning factor. Valuation analysis can help determine if the stock is potentially over or undervalued.

Synnex Technology International Corporation is a distributor of IT, communication, consumer, and semiconductor products. For more detailed analysis and insights, interested parties can access our comprehensive research report.

Previous Story

Underdog uses AI to win against Biden in US election.

Latest from News

TSA tech has privacy worries.

TLDR: The Transport Security Administration (TSA) has implemented facial recognition technology in nearly 30 airports, raising concerns about security and data storage without consent.