TD Synnex Corp (NYSE:SNX) stock fell 0.35% (As on September 25, 11:28:29 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the third quarter of FY 25. On a constant currency basis, revenue increased by 4.4%, driven by growth in both the Advanced Solutions and Endpoint Solutions portfolios. A greater percentage of the sales were presented on a net basis due to the mix of products sold, which negatively impacted the revenue compared to the prior fiscal third quarter by approximately 5%. Non-GAAP gross billings were $22.7 billion, compared to $20.3 billion, representing an increase of 12.1% and above the high end of the outlook. On a constant currency basis, non-GAAP gross billings increased by 10.1%. Cash provided by operations of $246 million, compared to $386 million, and free cash flow of $214 million, compared to $339 million.

Moreover, Americas revenue was $9.3 billion, compared to $9.1 billion, representing an increase of 2.0%. On a constant currency basis, revenue also increased by 2.0%. Europe revenue was $5.2 billion, compared to $4.6 billion, representing an increase of 12.7%. Asia-Pacific and Japan (“APJ”) revenue was $1.2 billion, compared to $1.0 billion, representing an increase of 20.4%.

SNX in the third quarter of FY 25 has reported the adjusted earnings per share of $3.58, beating the analysts’ estimates for the adjusted earnings per share of $3.02, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 6.6 percent to $15.65 billion in the second quarter of FY 25, beating the analysts’ estimates for revenue by 3.41%. Gross profit was $1.1 billion, compared to $961 million. Gross margin was 7.2%, compared to 6.5%. The presentation of additional revenues on a net basis due to the mix of products sold positively impacted our gross margin by approximately 35 basis points. Non-GAAP operating income was $475 million, compared to $393 million and Non-GAAP operating margin was 3.0%, compared to 2.7%.

Additionally, the company has declared a quarterly cash dividend of $0.44 per common share. The dividend is payable on October 31, 2025 to stockholders of record as of the close of business on October 17, 2025.

Looking ahead, TD SYNNEX provided fourth-quarter guidance above analyst expectations. The company forecasts Q4 revenue between $16.5 billion and $17.3 billion, compared to the consensus estimate of $15.99 billion. Adjusted EPS is expected to range from $3.45 to $3.95, exceeding the analyst consensus of $3.33.