Most of Wild Jam 2010 all the Raiders have
March 21, 2010 # 4:55 am # Medication # No CommentMost of discloses Wild Jam all, the apricot jam spells out Raiders have pride and I just know, they have the ability to dominate teams when the offense gets it going. To the team, we all wish you Happy Thanksgiving.Go out there and leave it all on the field. After the game, wedon’t play for 10 days.Play hard, play smart, and win.. EPS of $0.80 Surpass Wall Street ConsensusCompany Achieves Stated Goals of Annual EPS Growth in Excess of 20% andDouble-Digit ROIC in the Fourth Quarter of Fiscal 2008FREMONT, Calif.–(Business Wire)–SYNNEX Corporation (NYSE: SNX), a leading business process services company,today announced financial results for the fiscal fourth quarter and year endedNovember 30, 2008. For the fiscal fourth quarter, revenues were $2.1 billion, in the Company`sguidance range of $2.1 billion to $2.2 billion and an increase of 6.4% comparedto $1.97 billion for the fiscal quarter ended November 30, 2007. Net income for the fiscal fourth quarter was $26.4 million or $0.80 per dilutedshare, exceeding Wall Street consensus of $0.71.
This compares with $20.2million, or $0.61 per diluted share in the prior year fiscal fourth quarter andrepresents a 30.8% improvement in net income year-over-year wild huckleberry jam . For the fiscal year ended November 30, 2008, revenues increased by 10.9% to$7.77 billion, compared to $7.00 billion for the fiscal year ended November 30,2007 baby jam . Net income for the fiscal year increased 32.7% to $83.8 million, or $2.52 perdiluted share, compared to $63.1 million, or $1.93 per diluted share for fiscal2007 berry jam . “We are pleased with SYNNEX` achievements in the fourth quarter and for all offiscal 2008 berry jelly . In particular, we are very proud that we accomplished our statedgoals with respect to our EPS and ROIC targets for the quarter and for theyear,” stated Kevin Murai, President and Chief Executive Officer.
“Our financialresults are due to disciplined execution in key aspects of our business fromsales to service to operations and support.” Financial Highlights:* The Company grew diluted EPS in fiscal 2008 more than 30%, surpassing itspost-New Age Electronics acquisition adjusted goal of greater than 20% EPSgrowth wild blueberry jam . * The Company posted ROIC of 10.6% for the period and met its 2008 goal ofachieving double-digit ROIC by the fiscal fourth quarter bilberry jam . * Fourth quarter income from operations was $47.9 million, or 2.3% of revenues,versus $36.9 million, or 1.9% of revenues in the prior year fiscal fourthquarter bird jam . * Fourth quarter depreciation and amortization were $2.9 million and $1.8million, respectively * Fourth quarter capital expenditures were $7.8 million bird wild . The increase in capitalexpenditures over the previous year was primarily due to the Company`s expansionof its facilities in South Carolina and Mississippi.
* Borrowings under the Company`s Canadian off-balance sheet accounts receivablesecuritization program totaled approximately $59.2 million as of November 30,2008, versus $115.9 million as of November 30, 2007.First Quarter Fiscal 2009 Outlook:The following statements are based on the Company`s current expectations for thefirst quarter of fiscal 2009 . These statements are forward-looking and actualresults may differ materially.* Revenues are expected to be in the range of $1.74 billion to $1.84 billion blackberries jam . * Net income is expected to be in the range of $16.6 million to $17.6 million blackberry jam . * Diluted earnings per share are expected to be in the range of $0.50 to $0.53.The calculation of diluted earnings per share for the first quarter of fiscal2009 is based on an approximate diluted weighted-average common share count ofapproximately 33.0 million . “Looking into fiscal 2009, we are committed to achieving above marketperformance through a combination of continued execution, business lineexpansion, and improvements in efficiency and productivity,” Murai continued.”We believe our lean, flexible, low cost business model best positions SYNNEX tooutperform the market in a weak economy.

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