Synnex(2347TW) Reports NT$: 34.1 billion in August Revenue;Year-to-Date Total Reaches NT$273.9 billion, up 10% YoY
2024.09.09

Synnex's reported NT$34.1 billion in revenue for August, reflecting a 1% year-over-year increase. Cumulative revenue for the first eight months of this year totaled NT$273.9 billion, setting a new record high and representing a 10% growth compared to the same period last year.

 

In terms of product performance, Synnex's Technology Solution, IT Consumer, and Semiconductor businesses all showed steady growth in August. However, Telecom business sales were slower due to market hesitation ahead of upcoming product launches. The Technology Solution business generated NT$9.3 billion in revenue, the second highest for the same period, reflecting a 6% year-over-year increase. The IT Consumer business saw NT$11.7 billion in revenue, up 1% from the previous year. Semiconductor business revenue reached NT$12.7 billion, also achieving the second-highest for the same period, with a 3% year-over-year increase. The Telecom business saw a 12% decline, with revenue totaling NT$1.4 billion.

 

Regionally, Indonesia stood out as the top performer. Driven by significant growth across all business sectors, Indonesia's revenue hit record monthly highs for two consecutive months, with a remarkable 37% year-over-year increase. The China market continued its steady recovery, achieving positive year-over-year growth for four consecutive months. Meanwhile, the Australia and New Zealand markets experienced a slight 3% decline compared to last year, while Taiwan and Hong Kong saw revenue drops of 13% and 11%, respectively.

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