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SYNNEX Corporation Awarded HP Partner in Excellence Award for Fourth Consecutive Year

GREENVILLE, S.C.–(BUSINESS WIRE)– SYNNEX Corporation (NYS: SNX) , a leading distributor of IT products and services, announced that it has been recognized with the HP Partner in Excellence Award for Top U.S. Commercial Distributorat the 2013 HP Global Partner Conference (GPC) in Las Vegas.

HP Partner in Excellence Award winners are selected by a panel of HP Channel executives and presented to outstanding HP partners worldwide who demonstrate exceptional business performance, significant overall growth, innovative solutions for customers, or IT innovation through philanthropic activities in their local communities. The HP Partner in Excellence Award for Top U.S. Commercial Distributor honors SYNNEX Corporation for its year-over-year growth in the U.S. across the HP portfolio.

“We are proud of our long-standing partnership with HP and of our associates whose dedication has allowed SYNNEX to be honored four years in a row with HP‘s Partner in Excellence Award for Top U.S. Commercial Distributor,” said Kevin Murai, President and Chief Executive Officer for SYNNEX Corporation.

“Congratulations to this year’s HP Partner in Excellence – Growth Award winners,” said Scott Dunsire, vice president and general manager, U.S. Channel Sales, Printing and Personal Systems, HP. “Each of these partners has demonstrated an unwavering commitment to partnership in the spirit of delivering the technology, solutions and value-added services that matter to our mutual customers.”

Additional information on the 2013 HP Global Partner Conference is available at https://h30599.www3.hp.com/.

For more information about HP solutions through SYNNEX, visit www.synnexhp.com.

About SYNNEX Corporation

SYNNEX Corporation, a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and global business services. Founded in 1980, SYNNEX employs approximately 11,000 full- and part-time associates worldwide. Additional information about SYNNEX may be found online at www.synnex.com.

Safe Harbor Statement

Statements in this release that are forward-looking involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes …read more
Source: FULL ARTICLE at DailyFinance

By Sam Robson, The Motley Fool

Filed under: Investing

LONDON — NEXT‘s Directory service — its online and catalog area, which is widely believed to have ensured that it “survived and thrived” where some high-street rivals died — saw a 9.5% increase in sales to bring in 1.19 billion pounds for the year ending January 2013, helping the retailer to a positive set of results.

NEXT‘s retail sales remained consistent, raking in 2.19 billion pounds to match the previous year, though profit here improved 2.3% year on year to take home 331.1 million pounds. NEXT Directory saw profit up 15.1% at 302.1 million pounds, compared with 262.6 million pounds for the year ended January 2012.

Chairman John Barton commented:

The growth differential between NEXT Directory and NEXT Retail, where sales were level, narrowed. The two businesses continue to work well together and support each other in many ways. For example, over 20% of Directory sales are delivered through our stores and over 60% of the returns come back that way. Both businesses increased their operating margins during the year and the Group’s underlying profit before tax rose by 9% to 622 million pounds.

Overall, underlying earnings per share rose 16.6% to 297.7 pence, while NEXT‘s full-year dividend grew 16.7% to 105 pence to yield around 2.5% at today’s price. The shares put on 2.3% by midday on the news to reach 4,244 pence; their price has now almost quadrupled over the last five years since 2009’s low of 1,088 pence, and it has risen more than 100% over the last two years.

Looking to the future, the retailer plans a fivefold strategy: to develop the NEXT brand; to “rigorously” control costs; to invest in profitable new space; to invest in online growth; and to generate cash and return it to shareholders. All of this adds up to one of the high-street’s finest retailers. Whether you think the shares will rise further enough to warrant new investment, however, is up to you.

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The article NEXT Increases EPS and Dividend More Than 15% for Fourth Consecutive Year originally appeared on Fool.com.

Sam Robson has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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SYNNEX Corporation Awarded HP Partner in Excellence Award for Fourth Consecutive Year

NEXT Increases EPS and Dividend More Than 15% for Fourth Consecutive Year

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