By Connor Hart
TD Synnex logged higher profit and revenue in its fiscal fourth quarter, fueled by what the company called record gross billings.
The information-technology provider on Thursday posted a profit of $248.4 million, or $3.04 a share, for its quarter ended Nov. 30, compared with $194.8 million, or $2.29 a share, a year earlier.
Stripping out one-time items, earnings were $3.83 a share. Analysts polled by FactSet expected adjusted earnings of $3.73 a share.
Revenue rose 9.7% to $17.38 billion, topping Wall Street models for $16.95 billion.
Adjusted gross billings climbed almost 15% to $24.33 billion, which Chief Executive Patrick Zammit said represents a new record for the company.
"We are well positioned for the year ahead, underpinned by our specialized business model, an unrivaled portfolio that is indexed toward higher-growing technologies and our continued focus on delivering best-in-class customer experiences," he added.
For the current quarter, TD Synnex guided for per-share earnings of $2.05 to $2.55, or $3 to $3.50 on an adjusted basis. Revenue is expected to come in between $15.1 billion and $15.9 billion.
Analysts are looking for earnings of $2.30 a share, or $3.21 a share on an adjusted basis, on revenue of $15.47 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 08, 2026 07:43 ET (12:43 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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