FREMONT, Calif., June 13, 2017 /PRNewswire/ -- SYNNEX Corporation
(NYSE: SNX), a leading Technology Solutions distributor, announced
today that its Fortune 500 ranking of the largest US
companies advanced 14 positions to #198. The Fortune 500
list ranks the largest private and public US companies based on
their prior year's annual revenue. SYNNEX reported
$14.06 billion in revenue for its
2016 fiscal year and celebrated a 12.7 percent year-over-year
increase in net income.
SYNNEX Corporation operates two business
segments: Technology Solutions, a value-add provider of
commercial and consumer technology products and services; and
Concentrix, a business services company focused on customer
experience, analytics, automation and process optimization.
"Our rise to #198 on the Fortune 500 list demonstrates SYNNEX'
ability to grow and increase shareholder value," said Kevin Murai, President and Chief Executive
Officer, SYNNEX Corporation. "By proactively shifting our business
to where the growth is happening, we are better able to serve our
partners and help to enable their success."
Since its debut on the Fortune 500 list in 2007 at #360,
SYNNEX has moved up 162 spots to its current position at #198.
SYNNEX's five year 2011-2016 compound annual growth rate for
revenue was 6.2 percent.
For more information about the Fortune 500 list, visit
http://www.fortune.com. To learn more about SYNNEX Corporation,
visit www.synnex.com.
About SYNNEX
SYNNEX Corporation (NYSE: SNX), a
Fortune 500 corporation and a leading business process services
company, provides a comprehensive range of distribution, logistics
and integration services for the technology industry, as well as
outsourced services focused on customer engagement strategy to a
broad range of enterprises. SYNNEX distributes a broad range of
information technology systems and products and provides systems
design and integration solutions. Concentrix, a wholly-owned
subsidiary of SYNNEX Corporation, offers a portfolio of strategic
solutions and end-to-end business services around customer
engagement strategy, process optimization, technology innovation,
front and back-office automation and business transformation to
clients in ten identified industry verticals. Founded in 1980,
SYNNEX Corporation operates in numerous countries throughout North
and South America, Asia-Pacific and Europe. Additional information about SYNNEX
may be found online at www.synnex.com.
Safe Harbor Statement
Statements in this release that
are forward-looking involve known and unknown risks and
uncertainties, which may cause the Company's actual results in
future periods to be materially different from any future
performance that may be suggested in this release. The Company
assumes no obligation to update any forward-looking statements
contained in this release.
Copyright 2017 SYNNEX Corporation. All rights reserved. SYNNEX,
the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product
and services names and slogans are trademarks or registered
trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo and
CONCENTRIX Reg. U.S. Pat. & Tm. Off. Other names and
marks are the property of their respective owners.
SNX-G
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SOURCE SYNNEX Corporation