The Best (And Worst) Channel Stocks Of Q1 2014


Synnex

CEO: Kevin Murai

Dec. 31, 2013: $67.40

March 31, 2014: $60.61

Change: -10.07%

For its fiscal first quarter ended Feb. 28 distributor Synnex reported sales of $3.03 billion, up 23 percent from the first quarter of fiscal 2013. Earnings were $38.4 million, up 15.1 percent from a year earlier.

On Jan. 31 Fremont, Calif.-based Synnex completed the initial close of its $505 million acquisition of IBM's CRM business, an operation Synnex planned to combine with its Concentrix wholly owned subsidiary that provides customer engagement services.




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