FREMONT, Calif., June 16, 2016 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, announced today that its Fortune 500 ranking of the largest US companies advanced eight positions to #212. The Fortune 500 list ranks the largest private and public US companies based on their prior year's annual revenue. SYNNEX reported $13.34 billion in revenue for its 2015 fiscal year, and celebrated a 15.8% year-over-year increase in net income.
SYNNEX Corporation operates two business segments: Technology Solutions, a value-add provider of commercial and consumer technology products and services; and Concentrix, a business services company focused on customer experience, analytics, automation and process optimization.
"Our new position as number 212 on the Fortune 500 list demonstrates SYNNEX' ability to help our business partners achieve their goals by capturing the opportunities created from the constant evolution occurring in our industries," said Kevin Murai, President and Chief Executive Officer, SYNNEX Corporation. "By investing in relevant high growth and high value capabilities and markets, we were able to increase our shareholder value and enhance our leadership position in the markets we serve. I am proud of the dedication and exemplary results our teams continue to deliver."
Since its debut on the Fortune 500 list in 2007 at #360, SYNNEX has moved up 148 spots to its current position at #212. SYNNEX's 5 year 2010-2015 compound annual growth rate for revenue was 9.1%.
For more information about the Fortune 500 list, visit http://www.fortune.com.
SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, optimizing supply chains and providing customer care solutions for its clients. SYNNEX distributes a broad range of information technology systems and products, and also provides systems design and integration services. The Concentrix segment offers a portfolio of end-to-end outsourced services around process optimization, customer engagement strategy and back-office automation to clients in ten identified industry verticals. Founded in 1980, SYNNEX operates in 26 countries around the world. 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 no obligation to update any forward-looking statements contained in this release.
Copyright 2016 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, and CONCENTRIX Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.
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SOURCE SYNNEX Corporation