Synnex(2347TW) 's September revenue up 11% YOY at NT$40.3 bn, continues to hit a new high

Benefiting from the continued momentum of commercial market demand and the success of developing new customers in the Semiconductor business, Synnex (2347)'s reported revenue of NT$40.3 billion in September, hitting a new high for the fifth consecutive month and an increase of 11% compared to the same period last year.


In September, the commercial market demand was still strong. The government and enterprises continued to carry out digital transformation and strengthen the construction investment of network information security, which drove Synnex's IT Commercial business to hit a new high in the same period, with a significant increase of 23% compared with last year. The Semiconductor business actively develops in new service platform, which is widely praised by upstream and downstream of the supply chain, and new customers continue to join. The revenue in September hit a record high in a single month, with a substantial annual increase of 25%. As expected, IT Consumption and Telecom business were affected by inflation and the shrinking of terminal purchases, decreased by 7% and 11% respectively.


From a regional perspective, China returned to positive growth in September, with an annual growth rate of 7%. Indonesia reached a new high for the same period, with an annual growth rate of 15%, and set a record for 21 consecutive months of positive growth. Hong Kong also returned to a record high, with a sharp increase of 17%. Taiwan, Australia and New Zealand fell slightly by 3% and 7% respectively.