Synnex Corporation (SNX) presented its fourth quarter and yearend financials ending November 30, 2011. Kevin Murai, President and CEO of Synnex, a leading business process services company, said that management is proud of the team for again delivering excellent performance. He said that the fourth quarter ended on a strong note where revenues and profits exceeded industry levels and substantial investments were made.
The company continues to focus on efficiency and leverage in its core business, expansion of high-growth affiliated markets, and the creation of value-added services to increase stock value. Revenue from continuing operations was pegged at $2.80 billion, which represents an increase of 15 percent from the past year.
Synnex stock, priced at $34.99 seems to be recovering from a drop it experienced during the second quarter of 2011, following the all-time high of $36.18 recorded in March as it gained over 60% in about five months.