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TD SYNNEX CORPORATION

(SNX)
  Report
Real-time Estimate Cboe BZX  -  03:54 2022-09-26 pm EDT
84.71 USD   -1.06%
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TD SYNNEX to Distribute AWS Storage Gateway Hardware Appliance

07/19/2022 | 01:16pm EDT

The relationship gives customers purchasing options across the channel and introduces a new procurement model for end-users

TD SYNNEX (NYSE: SNX) has announced a plan to distribute Amazon Web Services (AWS) Storage Gateway Hardware Appliance, a physical, standalone, validated server configuration for on-premises deployments. TD SYNNEX is serving as a global integrator for AWS Storage Gateway Hardware Appliance, as well as providing deployment and migration services to move customers’ data from on-premise storage to the cloud.

This global distribution arrangement allows customers to procure AWS Storage Gateway Hardware Appliance and associated services through their preferred channel partner and bundle the hardware appliance along with TD SYNNEX Global Lifecycle Management (GLM) services, which simplify and streamline business processes and operations. TD SYNNEX is offering the solution through its extensive partner network in an effort to open up purchasing options to the channel.

Frequently, branch offices, research and development departmental workgroups, and laboratory or industrial sites lack the on-premises infrastructure to run a virtual machine appliance, hypervisors, server clusters, and networked storage systems. Building and managing this infrastructure, or waiting for a future budgeting cycle to begin work or scale operations, may not make sense or be in the best interest of the organization.

AWS Storage Gateway Hardware Appliance can be rapidly set up in these on-premises environments, providing local applications access to virtually unlimited cloud storage for a wide variety of use cases. It comes pre-loaded with AWS Storage Gateway software, and provides all the required central processing unit (CPU), memory, network, and solid state drive (SSD) cache resources for creating and configuring file gateway, volume gateway, or tape gateway. AWS Storage Gateway Hardware Appliance is designed to provide customers with a simple out of the box experience that does not require any additional infrastructure, and supports standard storage protocols.

“As a leading global distributor and solutions aggregator, TD SYNNEX’s hardware and solutions services make us uniquely positioned to work with AWS and take this solution to market across the IT ecosystem,” said Mike Ward, vice president of Cloud Solutions at TD SYNNEX. “This will soon be in our marketplace as a Click-to-Run™ offering which creates new opportunities for our partners to accelerate business growth across data, analytics, IoT, and security technologies, and are foundational to cloud success. We’re excited that this development provides a one stop shop for customers and a solution that is only available through the channel.”

“Customers of all types are making the journey to the cloud for cost, performance, security and compliance reasons,” said Mark Cree, general manager of AWS Storage Gateway at AWS. “Our agreement with TD SYNNEX gives customers everywhere a robust hybrid cloud storage solution that they can seamlessly integrate with existing and new on-premises applications. We are excited to make hybrid architecture easier for customers to purchase from their preferred partner.”

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’ 22,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

Safe Harbor Statement

Statements in this news release that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 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.

© 2022 TD SYNNEX Corporation. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.


© Business Wire 2022
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Financials (USD)
Sales 2022 61 978 M - -
Net income 2022 612 M - -
Net Debt 2022 2 487 M - -
P/E ratio 2022 12,0x
Yield 2022 1,40%
Capitalization 8 206 M 8 206 M -
EV / Sales 2022 0,17x
EV / Sales 2023 0,16x
Nbr of Employees 22 000
Free-Float 85,4%
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Number of Analysts 9
Last Close Price 85,61 $
Average target price 136,67 $
Spread / Average Target 59,6%
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Managers and Directors
Richard T. Hume President, Chief Executive Officer & Director
Marshall W. Witt Chief Financial Officer
Dennis Polk Executive Chairman
Bo Li Senior Vice President-Information Technology
Gina Rugani Head-Business Operations & Vice President
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