The firm's no stranger to the business, having been founded in 1980. Unlike its peers, Synnex focuses on a limited number of IT original engineered manufacturers such as HP
Yesterday, the company announced its quarterly results. Revenues increased by 29% to $1.34 billion compared with the same period a year ago. Net income surged 50% to $11.5 million, or $0.38 per diluted share.
While it appears the IT market is stabilizing, it is still very difficult to grind out revenue growth. And, while Synnex is finding growth, it is still obsessive about maintaining disciplined cost controls. The company tracks virtually every basis point of cost within its organization -- calling itself a "data driven" company.
No doubt, the IT distribution segment appears poised for consolidation. This week, Ingram Micro
Fool contributor Tom Taulli does not own shares of any companies mentioned in this article.