Synnex's (2347TW) October revenue continued to hit a record high,increased 18% YoY
2021.11.08

Synnex's (2347) October consolidated revenue continued to stand at more than NT$30bn, reaching NT$33.6bn, a new single-month high for the same period with an annual increase of 18%. Optimistic about the continued enthusiasm of market demand, coupled with the arrival of the year-end peak sales season, Synnex is optimistic that it will continue to stand above the NT$100billion in the fourth quarter and challenge a record high.

 

From the perspective of business units, all BUs, except China, have double-digit annual growth. Among them, Indonesia has grown by more than 60%, Taiwan has grown by more than 50%, and the IC component business and Australia & New Zealand have also increased by 20%. From a product perspective, the four major categories of products have grown simultaneously. Among them, Telecom benefited from the launch of new mobile phones, which increased significantly by 60%. Meanwhile, IT Commercial and IC components have increased by more than 20% annually due to strong market demand. Although IT Consumer is facing tight supply, there is still a 10% growth due to good progress on new product introduction.

 

Synnex's preliminary consolidated revenue was NT$33.6bn in October, increased 18% YoY. By product, IT Commercial sales revenue this month was NT$8.6bn, up 26% YoY. IT Consumer sales revenue was NT$13.8bn, up 10% YoY. Telecom sales revenue was NT$1.8bn, down 60% YoY. IC components revenue was NT$9.4bn, up 20% YoY.

 

YTM sales revenue was accumulated to NT$318.5bn, up 21% YoY. Among them, IT Commercial sales revenue totaled NT$83.7bn, up 21% and shared 27% of total revenue. IT Consumer sales revenue totaled NT$121.8bn, up 8% and shared 38%. Telecom sales revenue was NT$13.3bn, up 20% and shared 4% of total revenue. IC components revenue was NT$ 99.7bn, up 43% YoY and shared 31% of total revenue.

 

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