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TD SYNNEX TD SYNNEX Reports Third Quarter Fiscal 2021 Results Fremont , CA and Clearwater , FL , September 28 , 2021 - TD SYNNEX ( NYSE : SNX ) today announced financial results for legacy SYNNEX for the fiscal third quarter ended August 31 , 2021 . Q3 FY21 Q3 FY20 Net change Revenue ( $ M ) $ 5,207 $ 5,306 -1.9 % Operating income ( $ M ) Non - GAAP operating income ( $ M ) ( 1 ) $ 148.2 $ 132.4 12.0 % $ 168.2 $ 148.6 13.2 % Operating margin 2.85 % 2.49 % 36 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 3.23 % 2.80 % 43 bps 94.7 85.7 10.5 % 111.9 97.2 15.1 % operations $ 1.81 1.65 9.7 % 2.14 $ 1.88 13.8 % Non - GAAP Diluted EPS from continuing operations ( 1 ) $ " Results were consistent with expectations as ongoing industry - wide supply chain shortages led to a slight year - over - year revenue decline for legacy SYNNEX in the fiscal third quarter , " said Marshall Witt , CFO of TD SYNNEX . " Despite these challenges , our team once again executed flawlessly , focusing on optimizing our core business and increasing our value - added services and products leading to improved margin performance . " Fiscal 2021 Third Quarter Highlights • Revenue was $ 5.2 billion , down 1.9 % from the prior fiscal third quarter . Operating income was $ 148 million , compared to $ 132 million , in the prior fiscal third quarter . Non - GAAP operating income was $ 168 million , in fiscal year third quarter 2021 , compared to $ 149 million , in the prior fiscal third quarter . The trailing fiscal third quarter Return on Invested Capital ( " ROIC " ) was 17.5 % compared to 12.5 % in the prior fiscal year third quarter . The adjusted trailing fiscal third quarter ROIC was 18.4 % . • Cash used in operations was $ 56 million for the quarter . • Prior period financial results of Concentrix ( earlier " customer experience services " business of SYNNEX ) are excluded from income from continuing operations and presented as discontinued operations . " Since our merger closed , the team has been hard at work , focused on a robust , consistent and superior experience for our customers and vendors , " said Rich Hume , CEO of TD SYNNEX . " Our role in the IT industry continues to increase in importance , and we are well positioned to raise the bar on the value we provide all our partners . We are energized by the opportunities ahead of us as we integrate our companies , combine our line card and expand our geographic presence . "