Synnex(2347TW) 's June revenue hit a new high, up 25% YoY;Q2 continued to break the 100 billion mark and rewrite the record
2022.07.11

Synnex (2347)'s June revenue exceeded NT$40 billion in one fell swoop to NT$41.9 billion, a sharp increase of 25% over last June, and set a new high for the same period and the second highest in a single month. In the second quarter, revenue continued to break the 100 billion mark, reaching NT$103.6 billion, an annual increase of 7%, and a record high for three consecutive quarters. The accumulated revenue for the first six months reached NT$204.5 billion, setting a historical record of breaking the 200 billion level for the first time in the first half of the year, and an increase of 12% over the same period last year.

 

Since the beginning of this year, there have been constant noises in the overall environment. Especially in the second quarter, affected by the resurgence of the epidemic and the lockdown in China, the pessimism in the market has become more pervasive. However, Synnex's performance is still stable. Except for the sudden strict closure and control in China in April, which had a short-term impact on revenue, it stabilized in May, and it exploded in June, and all regions achieved double-digit annual growth at the same time, and set new records. Among them, Taiwan hit a record high in a single month, with a sharp increase of 54%; Australia & New Zealand, Indonesia, and Hong Kong also reached new highs in the same period, with an annual increase of 33%, 34% and 38% respectively. Even China, the region most affected by the lockdown, shown a sharp increase of 21% in June, and reached the second highest for the same period.

 

Synnex's revenue in the second quarter was NT$103.6 billion, continuing to break the 100 billion mark, an annual increase of 7%, and a record high for three consecutive quarters. Synnex's IT Commercial business grew by 19% in the second quarter, and set a new record for six consecutive quarters. Among them, data center-related products increased by nearly 50%, and products such as network information security, cloud services and AIoT also increased more than 20%. The IC Component business benefited from the unsealing of factories and accelerated production, as well as the successful development of new customers. In the second quarter, it hit a record high in a single quarter, with an annual increase of 10%.

 

The accumulated revenue for the first six months was NT$204.5 billion, setting a historical record of breaking the 200 billion level for the first time in the first half of the year, and an increase of 12% over the same period last year. Among them, the IC Component business hit a record high in half a year, and the IT Commercial and IT Consumer business hit a new high in the same period; all regions also achieved double-digit annual growth.

 

In the second half of the year, Synnex expects that there will still be the effect of the traditional peak season, and the revenue performance is expected to continue to rise.

 

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