SYNNEX Corporation, a business process services company, today announced financial results for the fiscal second quarter ended May 31, 2008.
For the second quarter of fiscal 2008, revenues were $1.878 billion, compared to $1.685 billion for the quarter ended May 31, 2007, representing an 11% increase over the prior year quarter. These results were within the Company’s guidance of $1.845 billion to $1.915 billion.
Net income for the second quarter of fiscal 2008 was $18.5 million, or $0.56 per diluted share, compared with $14.7 million, or $0.45 per diluted share in the prior year quarter, representing a 26% increase in net income over the prior year quarter. These results exceeded analysts’ consensus and the Company’s guidance for net income of $16.9 million to $17.6 million with diluted earnings per share of $0.51 to $0.53. The second quarter for fiscal 2008 marks the 84th consecutive profitable quarter for SYNNEX.
Synnex Corporation’s East Coast office of Sales and Product Marketing is located on Pelham Rd in Greenville.
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