Synnex(2347TW)’s Q3’17 consolidated revenue broke NTD 100bn, hit the historical high record ; Q3’17 EPS was NT$1.13 (YoY+54%), hit the new record in past five years ; Q3YTM’17 EPS reached NT$2.61 (YoY+22%)
2017.11.14

        Synnex has announced its Q3’17 reviewed consolidated results as follows:
Q3’17 consolidated revenue was NT$100.3bn with an increase of YOY 10%, and hit the highest record in single quarter. PAT was NT$1.9bn, with growth of YOY 54%, and hit the new record in past five years, and EPS was NT$1.13. Q3YTM’17 consolidated revenue was NT$257.2bn, PAT was NT$4.35bn and EPS was NT$2.61 with an increase of 22%.

 

        Synnex continuously devoted to developing new channel and aggressively optimizing the product portfolio in recent years, resulting in increase of market share in every subsidiary of each located country. In the meantime, Synnex focused on data center solution, cloud service, IoT, intellectual consumer electronic product, the third party logistic service... etc., bringing in the growth in overall revenue and increased quarter by quarter, and broke over NTD 100bn in Q3’17, also hit the historical high record.

        By geographic segment, all country performed stunning performance. Revenue growth in China was 14%, Australia grew 16%, Indonesia grew 25%, and also IT product in Taiwan increased by 10%. By the product segment, NB, Tablet, hard drive, gaming all grew over 20%. As for commercial market, cloud and commercial technical service also broke NT$ 20bn, breaking historical high record.

 

        For the operating performance, Q3’17 PAT was NT$1.38bn, with a growth of YOY 44%. The investment income increased 16% due to the remarkable performance of the core joint venture business in US, India and Middle East and Thailand, bringing in the PBT came to NT$ 2.42bn with significant growth of 65%YOY. PAT was NT$1.88bn, and EPS was NT$1.13 with a growth 54% YOY. Q3YTM’17 PAT was NT$4.35bn, and EPS was NT$2.61 with an increase of 22% YOY.

 

        Looking forward to Q4’17, it would be the traditional high season for commercial market since corporate and government would conduct budget in the year end. Besides, due to the new release of Apple iPhone, Microsoft Xbox, Google intellectual consumer electronic products, the strong demand in Q3 would continue to Q4’17. Synnex optimistically considered that the revenue would have chance to break new high record in Q4’17.

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