Synnex(2347TW) 's October revenue hit a new high with 9% YoY, Accumulated revenue continued to rewrite the historical record with 10% YoY
2022.11.07

Synnex (2347) reported revenue of NT$36.6 billion in October, hitting a new high for the same period for the sixth consecutive month with an annual increase of 9%. The accumulated revenue for the first ten months of this year was NT$349.7 billion, continuing to rewrite the historical record with an annual increase of 10%.

 

From the product perspective, Synnex's IT Commercial business continued to grow steadily in October, hitting a new high for the same period and a substantial increase of 24% compared with last year. The momentum of the Semiconductor business continued to be strong, hitting a record high for the sixth consecutive month, with an annual increase of 16%. Although the IT Consumption business fell slightly by 2% compared with last year, it increased by 6% month-on-month, and maintained a monthly increase for three consecutive months. The Telecom business fell 5% year-on-year, but also grew 8% month-on-month due to increased iPhone supply.

 

From a regional perspective, China and Hong Kong have grown by 29% and 23% respectively, with Hong Kong reaching a new high for the same period. Australia, New Zealand and Taiwan fell slightly, while Indonesia saw double-digit annual declines due to last year's high base period.

 

The cumulative revenue performance of the first ten months of this year, the IT Commercial, IT Consumption and Semiconductor business, all hit record highs in the same period, with an annual increase of 17%, 1% and 17% respectively; the Telecom business slightly decreased by 1% year-on-year.

 

 

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