Synnex(2347TW) Sustains Strong Growth: April Revenues Surges by 11%, Reaching Second-Highest for the Same Period

Synnex(2347)'s performance remained strong despite the traditional low season in April, with revenue continuing its upward trend to reach NT$30.7 billion, marking an 11% year-on-year increase and the second-highest for the same period in history. Accumulated revenue for the first four months reached NT$134.4 billion, setting a new record for the same period and growing 16% compared to last year.


Despite entering the traditional low season for the ITC market in April, Synnex's revenue remained robust, with strong performances across all regions. Particularly notable was its performance in Indonesia, where revenue not only hit a new high but also surged by 48% compared to last year. Australia & New Zealand, and Hong Kong also showed solid growth, with annual growth of 13% and 17%, respectively. Other regions such as Taiwan, India, and Vietnam also experienced growth compared to last year.


Among Synnex's four major product categories, the Semiconductor and Telecom businesses saw the strongest growth in April. The Semiconductor business actively expanded into new applications such as automotive, marking the seventh consecutive month of record-breaking revenue with a 22% year-on-year increase. The Telecom business benefited from the market enthusiasm driven by AI smartphones, achieving an impressive 84% growth and reaching a new high in five years. Despite facing the low season market, the IT Consumer business still achieved a 5% year-on-year increase. However, the IT Commercial business continued to decline due to ongoing softness in enterprise demand, although the decline narrowed to 7%.