TD SYNNEX Revenue Jumps 38% as AI Systems Unit Outperforms


TD SYNNEX Revenue Jumps 38% as AI Systems Unit Outperforms

📅 - TD SYNNEX reported quarterly revenue of $21.6 billion, up 37.7% from a year earlier, as its Hyve Solutions business performed above management's expectations. Hyve supplies compute, storage, and networking systems used in cloud and accelerated computing. The figures point to infrastructure spending, though TD SYNNEX did not disclose how much of the increase came from AI hardware.

The missing Hyve sales figure matters. TD SYNNEX is both a broad technology distributor and a manufacturer of systems for cloud customers. Its fiscal third quarter ended August 31, and the record consolidated result captures demand across that entire mix. Management says enterprise AI is moving toward wider [...][... Check source for end of article ...]
Tags: AI

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