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Synnex achieves record Q3 result in Asia-Pacific

Synnex achieves record Q3 result in Asia-Pacific

During Q3, the distributor achieved revenue amounting to $AU2.53 billion, a quarterly record, and a $950 million monthly record in September

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Synnex has achieved record revenue for its 2010 third quarter in the Asia-Pacific region.

During Q3, the distributor achieved revenue amounting to $AU2.53 billion, a quarterly record and a $950 million monthly record in September.

The consolidated financial results cover Taiwan, Hong Kong, China, Australia and New Zealand.

Compared to the same quarter last year, revenue increased by 22.5 per cent and September revenue for 2010 was 18.5 per cent higher.

Total revenue from January to September, amounted to $6.67b, and $4.07b of that derived from IT products.

Telco products contributed $1.2b and $1.1b came from integrated circuit (IC) components, while $3m was from the consumer electronics space.

In comparison to the same time frame last year, revenue from IT products had grown 11 per cent, IC components grew 32.6 per cent and telecom products jumped 67.6 per cent.

“To achieve record growth for the last financial quarter, on the back of strong profits in 2009 and challenging economic times, is a great accomplishment and credit to the team at Synnex,” Synnex Australia CEO, Kee Ong, said.

“We will continue to take a long term view of the future here in Australia and invest in our infrastructure, logistics capabilities and people to further improve our service to customers.”

The distributor recently splashed $32 million on a new logistics facility in Sydney.


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