Synnex(2347TW) Q4’15 revenue grew despite current industry opposite trends with 12% YOY and QOQ, and hit the highest history record
2016.01.11

        Synnex preliminary consolidated financial results were as follows:
        Synnex consolidated Y15Q4 sales revenue was NT$94.7bn, and hit the highest record in history. Meanwhile, Oct., Nov., and Dec. consecutive three months also reached the highest single month record in history.

 

        Analysis of Q4’15 revenue by product lines, IT revenue was NT$51.4bn, with an increase of 12% YOY from the prior year and hit the record high quarterly. Among the IT product, the demand for the consumer computer increased due to the new consumer computers release, and the increased demand for component products was due to the escalating trend of PC Gaming Competition and the expansion in market share, as well as the well performance in commercial product market which led to the 10% YOY growth above. Telecom revenue was NT$5.4bn, with an increase of 25% YOY from the prior year because of the launch of the new model of iPhone 6s, and boosted the telecom market. Consumer electronics revenue was NT$12.9bn, with a decrease of 8% YOY from the prior year. Among the consumer electronic product, the gaming products grow 7% YOY. Although the tablet revenue continuously decreased, the hot selling for Surface Pro reduced the decreased margin. IC components revenue was NT$25.0bn, with an increase of 22% YOY, and hit the highest record in continuous two quarters. 

 

        From the individual country perspective, there was significant progress in Q4’15 especially in Australia, New Zealand and Indonesia, and reached the highest single quarter revenue in Q4. In original currency, the growth in Australia, New Zealand was 14%YOY, and 23% YOY growth in Indonesia. For Taiwan, China and Hong Kong, the YOY growth was 8%, 10% and 21% respectively. 


        The overall performance for Q4’15 remained the same level from Q3’15. There was increase in consumer demand and equipment expenditure of government and enterprise kept in a stable status. Synnex grasped the business opportunity of lease of new product and the expansion in market share which resulted in the YOY and QOQ 12% growth, and hit the highest new records. 

 

        FY15 consolidated annual revenue was NT$322.6bn which was slightly lower than NT331.5bn in FY14. IT revenue was NT$176.7bn, with a decrease of 2% YOY from NT$179.5bn in the prior year. Telecom revenue was NT$18.6bn, with an increase of 10% YOY. Consumer Electronics revenue was NT$38.7bn, with a decrease of 21% YOY. IC components revenue was NT$88.6bn, with an increase of 3% YOY.

 

 

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