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Synnex Technology hits record consolidated revenues in 2Q07

Press release, July 6
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Synnex Technology International, the largest 3C (computer, communication, consumer electronics) channel distributor in Taiwan, on July 5 reported estimated consolidated revenues of NT$40.2 billion (US$1.2 billion) for the second quarter of 2007, a quarter record for the company.

Synnex Technology's consolidated revenues from the sale of IT products for the second quarter was also an historical quarter high, the company indicated. The proportion of total revenues for IT products rose from 69.0% in the second quarter of 2006 to 74.1% in the second quarter of 2007, the company noted.

Breakdown of Synnex Technology's consolidated revenue by product category, 1H 2007

Product category

2Q07

1H07

Amount (NT$ billion)

Q/Q

Y/Y

Amount (NT$ billion)

Y/Y

IT

29.8

10.4%

30.1%

56.8

19.3%

Communications

3.4

(33.3%)

(29.2%)

8.5

(17.5%)

IC components and others

7.0

9.4%

29.6%

13.4

21.8%

Aggregate

40.2

4.7%

21.1%

78.7

14.4%

Source: Company, compiled by Digitimes, July 2007

Article translated by Adam Hwang and edited by Eric Mah