TD Synnex Corp: All Steam Ahead For FY 2025
Summary
- I maintain a buy rating for TD Synnex Corp. due to improving demand momentum and a positive growth outlook for FY25.
- SNX's 4Q24 earnings showed a 10% y/y revenue increase, driven by advanced solutions and endpoint solutions, with stable profitability and positive FY25 guidance.
- The recovery in enterprise IT spending and strong momentum in cloud, cybersecurity, and software solutions are critical growth drivers for SNX.
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