TD SYNNEX Corporation reported a notable increase in financial performance for the third quarter of fiscal 2025, with revenues reaching $15.65 billion, a 6.6% increase from $14.68 billion in the same period last year. For the nine months ending August 31, 2025, total revenue was $45.13 billion, up 5.9% from $42.61 billion in the prior year. The company's gross profit also saw a significant rise, increasing by 17.6% to $1.13 billion for the quarter, and by 8.0% to $3.17 billion for the nine-month period. This growth in profitability was reflected in net income, which rose to $226.80 million for the quarter, compared to $178.56 million a year earlier, and $579.25 million for the nine months, up from $494.29 million.
The company experienced several operational changes compared to the previous fiscal period. Notably, TD SYNNEX completed the acquisition of Apptium Technologies, LLC on July 1, 2025, for approximately $111.8 million. This acquisition is expected to enhance the company's technology solutions orchestration strategy. Additionally, the company reported a strategic shift in its product mix, with a greater percentage of sales being presented on a net basis, which negatively impacted revenue by approximately $810 million for the quarter and $2 billion for the nine months.
In terms of operational metrics, TD SYNNEX reported an increase in accounts receivable, which rose to $10.93 billion from $10.34 billion year-over-year. The company’s cash and cash equivalents decreased to $874.35 million from $1.06 billion, while total liabilities increased to $23.23 billion from $22.24 billion. The company’s employee headcount remained stable, with no significant changes reported. The cash conversion cycle increased to 23 days, up from 18 days at the end of the previous fiscal year, primarily due to an increase in days sales outstanding and days inventory outstanding.
Looking ahead, TD SYNNEX expressed optimism about its growth trajectory, driven by the expansion of its product portfolio and strategic acquisitions. The company aims to unify its reach in both mature and developing markets and diversify its offerings within its end-to-end portfolio. The management anticipates that the ongoing digital transformation and migration to cloud computing will continue to reshape the IT ecosystem, providing opportunities for further growth. The company also plans to leverage its existing cash balances and credit availability to support its operational and investment needs in the coming year.
About TD SYNNEX CORP
TD SYNNEX is a global distributor and solutions aggregator in the IT industry, offering hardware, software, and systems across multiple segments including endpoint and data center solutions. Serving resellers, retailers, and enterprise customers worldwide, it provides supply chain management, design, integration, logistics, and cloud services. Its value lies in connecting vendors with diverse markets, supporting digital transformation, and delivering comprehensive IT solutions.
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