FREMONT, Calif., June 13, 2017 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading Technology Solutions distributor, announced today that its Fortune 500 ranking of the largest US companies advanced 14 positions to #198. The Fortune 500 list ranks the largest private and public US companies based on their prior year's annual revenue. SYNNEX reported $14.06 billion in revenue for its 2016 fiscal year and celebrated a 12.7 percent 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 rise to #198 on the Fortune 500 list demonstrates SYNNEX' ability to grow and increase shareholder value," said Kevin Murai, President and Chief Executive Officer, SYNNEX Corporation. "By proactively shifting our business to where the growth is happening, we are better able to serve our partners and help to enable their success."
Since its debut on the Fortune 500 list in 2007 at #360, SYNNEX has moved up 162 spots to its current position at #198. SYNNEX's five year 2011-2016 compound annual growth rate for revenue was 6.2 percent.
SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation and a leading business process services company, provides a comprehensive range of distribution, logistics and integration services for the technology industry, as well as outsourced services focused on customer engagement strategy to a broad range of enterprises. SYNNEX distributes a broad range of information technology systems and products and provides systems design and integration solutions. Concentrix, a wholly-owned subsidiary of SYNNEX Corporation, offers a portfolio of strategic solutions and end-to-end business services around customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in ten identified industry verticals. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe. 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 2017 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