Earnings release
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SYNNEX CORPORATION SYNNEX Corporation Reports Second Quarter Fiscal 2021 Results Fremont , Calif . , June 24 , 2021 - SYNNEX Corporation ( NYSE : SNX ) , a leading provider of distribution , systems design and integration services for the technology industry , today announced financial results for the fiscal second quarter ended May 31 , 2021 . Q2 FY21 Q2 FY20 Net change Revenue ( $ M ) $ 5,857 $ 4,471 31.0 % Operating income ( $ M ) Non - GAAP operating income ( $ M ) ( 1 ) $ $ 147.9 $ 88.1 67.8 % 170.0 101.8 67.0 % Operating margin 2.53 % 1.97 % 56 bps Non - GAAP operating margin ( 1 ) Income from continuing operations $ Non - GAAP income from continuing operations ( 1 ) $ Diluted earnings per common share ( " EPS " ) from continuing 2.90 % 2.28 % 62 bps 93.1 $ 50.2 85.5 % 109.4 $ 65.1 68.2 % operations $ 1.78 Non - GAAP Diluted EPS from continuing operations ( 1 ) $ 2.09 0.97 83.5 % 1.26 65.9 % " Outstanding execution by our team coupled with a positive IT spending environment drove fiscal Q2 results above our expectations , " said Dennis Polk , President and CEO of SYNNEX . " I am incredibly proud of how our associates have expertly managed all challenges and opportunities over the past year , while continuing to provide superior service and support to our customers and vendor partners . " Fiscal 2021 Second Quarter Highlights • • Revenue was $ 5.9 billion , up 31.0 % from the prior fiscal second quarter . Operating income was $ 148 million , compared to $ 88 million , in the prior fiscal second quarter . Non - GAAP operating income was $ 170 million , in fiscal year second quarter 2021 , compared to $ 102 million , in the prior fiscal second quarter . The trailing fiscal second quarter Return on Invested Capital ( " ROIC " ) was 17.5 % compared to 11.9 % in the prior fiscal year second quarter . The adjusted trailing fiscal four quarters ROIC was 18.3 % . Preliminary cash generated from operations was approximately $ 279 million for the quarter . Post Separation , prior period financial results of Concentrix are excluded from income from continuing operations and presented as discontinued operations .