IoT, Customer Care Business Drive Synnex's Success

Synnex capped off 2014 with an extremely lucrative quarter, as sales for the Fremont, Calif.-based distributor soared 25 percent to $3.82 billion and non-GAAP profits jumped 55.7 percent to $72.7 million. CRN spoke with Synnex CEO Kevin Murai after the earnings call Monday about how the Internet of Things (IoT) is fueling device and infrastructure sales, channel benefits from Synnex's acquisition of IBM's Customer Care business, the resurgence of the federal government sector, and the fallout from the HP split and Lenovo's x86 acquisition.