TD Synnex reports Q3 EPS $2.78, consensus $2.48

Reports Q3 revenue $13.96B, consensus $14.11B. Non-GAAP gross billings were $18.6B. “Our third quarter results demonstrate the momentum we are seeing on our deliberate and strategic goal to expand in high growth technologies, with robust margin expansion in the Americas and strong EPS generation,” said Rich Hume, CEO of TD SYNNEX. “Our expansive portfolio of products, solutions, and services, along with a relentless focus on execution allowed us to successfully navigate the post-COVID IT spending environment, while our resilient business model enabled us to generate over $500 million in cash from operations, equipping us to increase capital returned to shareholders via share repurchases.”