Latest news with #ITecosystem
Globe and Mail
5 days ago
- Business
- Globe and Mail
TD SYNNEX Builds on Corporate Citizenship Progress in New Report
TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today published its latest Corporate Citizenship Report, highlighting continued momentum across the company's environmental, social and governance (ESG) priorities. The report showcases measurable progress across all pillars of TD SYNNEX's Corporate Citizenship strategy, including achieving its 2030 Scope 1 and 2 emissions reduction target six years ahead of the expected timeframe. The company is also expanding global engagement through sustainability and volunteer initiatives and bolstering its ethical and compliance programs with AI-driven innovations. 'TD SYNNEX is a technology company, but our business is all about connecting people,' said Patrick Zammit, CEO of TD SYNNEX. 'This work is meaningful because it's personal. It's easy to talk about changing the world, but the real impact lies in the relationships we've nurtured through consistency, ingenuity and trust.' Driving sustainable transformation TD SYNNEX accelerated its environmental performance by meeting its Science-Based Targets initiative (SBTi) validated 2030 Scope 1 and 2 greenhouse gas (GHG) reduction targets early, cutting emissions by nearly 43% since 2022. The company also completed a comprehensive emissions inventory and climate risk assessment to prepare for evolving regulatory frameworks. To support partners in their sustainability journeys, TD SYNNEX released two new enablement tools: a Sustainable Transportation & Logistics Guidebook and a Sustainable Packaging Playbook. Across its operations, the company continued integrating circular economy principles to minimize resource consumption and extend product lifecycles. Fostering connection With a notable increase in employee engagement, TD SYNNEX co-workers recorded more than 7,300 volunteer hours in support of 107 nonprofit organizations worldwide. The company earned Great Place to Work® certifications in 12 countries, and its annual co-worker engagement survey score rose to 83%, marking a five-point gain from the previous year. Additionally, Share the Magic, TD SYNNEX's fundraising initiative to provide support for children facing health and wellness challenges in North America, surpassed $30 million raised since inception. Additionally, TD SYNNEX partnered with organizations including Human I-T, Junior Achievement, Academy Prep and more. Leading with integrity Integrity and transparency remained foundational to company operations last year, with new advancements in digital ethics, compliance and cybersecurity. The company launched an internal Digital and AI Responsible Transformation team to help guide ethical use of emerging technologies and developed in-house AI tools to support responsible decision-making. To support digital trust, TD SYNNEX also expanded its cybersecurity and IT-use policy library in line with rising data governance requirements. TD SYNNEX's industry leadership across all corporate citizenship initiatives, particularly in regard to sustainability, received notable recognition as Lenovo's 2025 Global Sustainability Partner of the Year and Dell's 2025 North America Sustainability & ESG Partner of the Year. 'The progress we made in 2024 reflects not only the strength of our corporate citizenship strategy but also the passion of our global co-workers and partners,' said Adam Rutstein, Vice President of Corporate Citizenship and Sustainability at TD SYNNEX. 'From reaching ambitious climate targets ahead of schedule to expanding our social impact and digital governance capabilities, our latest report showcases TD SYNNEX's role as a responsible orchestrator in the global technology ecosystem. We're proud of last year's progress and energized to continue demonstrating that responsible practices drive innovation and business success.' To view the full Corporate Citizenship Report, visit: About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit follow our newsroom or follow us on LinkedIn, Facebook and Instagram. Safe Harbor Statement Statements in this news release that are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 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 2025 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.
Yahoo
30-07-2025
- Business
- Yahoo
1 Supercharged Artificial Intelligence (AI) Stock to Buy Before It Soars to $1 Trillion by 2028, According to Wall Street
Key Points Oracle's cloud, database, and enterprise software products are in use at 98% of the Fortune 500 companies. Many of its customers are rapidly adopting generative AI, which is helping drive the company's robust growth. There's a clear path to $1 trillion within three years thanks to Oracle's fundamental position in the IT ecosystem. 10 stocks we like better than Oracle › The impact of artificial intelligence (AI) on the technology landscape has been incontrovertible over the past few years, but the transformation is ongoing. Indeed, a review of the world's most valuable companies by market cap offers up compelling insight: Eight of the top 10 companies boast membership in the $1 trillion club, and they all have unmistakable ties to AI. Some of the most important players in the semiconductor and information technology (IT) spaces have taken up residence on the list. For example, Nvidia pioneered the graphics processing units (GPUs) that power the technology, Taiwan Semiconductor Manufacturing produces roughly 90% of the world's most advanced semiconductors, and Broadcom is a critical part of the AI ecosystem, with 99% of all internet traffic passing through its equipment. With a market cap of $705 billion, it seems like it's only a matter of time before Oracle (NYSE: ORCL) secures its membership in this elite fraternity. The company's growth is accelerating, and management's long-term outlook provides compelling evidence that AI will fuel robust growth for years to come. A trusted technology partner Oracle notes that roughly 98% of Global Fortune 500 companies are among its customers, using a combination of its database, cloud, and enterprise software products and services. This gives Oracle a captive audience for its expanding suite of AI and cloud solutions. This has helped propel the company's recent growth spurt. During Oracle's fiscal 2025 fourth quarter (ended May 31), revenue grew 11% year over year to $15.9 billion, while adjusted earnings per share (EPS) of $1.70 grew 4%. Both numbers easily surpassed Wall Street's consensus estimates, which called for revenue of $15.6 billion and adjusted EPS of $1.64. CEO Safra Catz noted that the company had reached a "tipping point," with revenue growth accelerating, "and it's only going up from here." She also said she expects cloud revenue for the coming year to accelerate to 40% in fiscal 2026, up from 24%, and far outpace the growth of its larger cloud rivals. This is driving the expansion of the company's remaining performance obligation (RPO) -- or contractual obligations not yet included in revenue -- which surged 41% year over year to $138 billion. The fact that RPO is growing faster than revenue provides a glimpse into the future. Perhaps even more telling is Catz's statement that "RPO is likely to grow more than 100% in fiscal year 2026." At the same time, Oracle expects its revenue to top $67 billion next fiscal year, which would represent 16% growth in constant currency. The clear path to $1 trillion Oracle has a sterling reputation for helping its clients pick the appropriate cloud and AI solutions for their needs. This puts the company in the pole position to benefit from the growing adoption of generative AI. Given the sheer magnitude of the opportunity, this transition will take years, if not decades, to unfold. According to Wall Street, Oracle is expected to generate revenue of $66.8 billion in its fiscal 2026 (which began June 1), giving it a forward price-to-sales (P/S) ratio of about 11. Assuming its P/S remains constant, Oracle would need to generate revenue of approximately $95 billion annually to support a $1 trillion market cap. Analysts are forecasting revenue growth of nearly 18% annually over the coming three years. If the company achieves these targets, Oracle could achieve a $1 trillion market cap by 2028. Wall Street's forecast appears to be in lockstep with management's long-term outlook, which is guiding for revenue of at least $104 billion by fiscal 2029. Estimates regarding the market value of generative AI are all over the map, but bear watching. Big Four accounting firm PwC estimates the market could be worth as much as $15.7 trillion annually by 2030, which helps illustrate the magnitude of the opportunity. If Oracle can carve out just a sliver of that windfall by serving up appropriate AI solutions to its customers, its impressive growth will continue, helping Oracle join the fraternity of trillionaires sooner rather than later. Should you buy stock in Oracle right now? Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oracle wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Danny Vena has positions in Broadcom and Nvidia. The Motley Fool has positions in and recommends Nvidia, Oracle, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. 1 Supercharged Artificial Intelligence (AI) Stock to Buy Before It Soars to $1 Trillion by 2028, According to Wall Street was originally published by The Motley Fool
Yahoo
17-07-2025
- Business
- Yahoo
Aryaka Announces Partnership with TD SYNNEX
Aryaka will bring innovative Aryaka Unified SASE as a Service to new customers across the globe with TD SYNNEX SANTA CLARA, Calif., July 17, 2025--(BUSINESS WIRE)--Aryaka®, the leader in and first to deliver Unified SASE as a Service, today announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. This partnership will bring Aryaka's award-winning Unified SASE as a Service to new enterprise partners and customers across the world. "This is a major milestone for Aryaka. We've always been a partner-driven company, and TD SYNNEX has long established itself as the world's leading IT distributor," said Nick Alagna, Vice President of Global Channels, Aryaka. "This partnership will allow Aryaka to ramp up our GTM efforts and help more enterprises realize the benefits of secure networking." The partnership will expand Aryaka's sales reach globally, empowering more organizations to modernize, optimize, and transform their networks. Aryaka Unified SASE as a Service is a fully integrated solution that combines networking, security, and observability into a single offering. The service is designed to help organizations future-proof their network and network security to accommodate rising generative AI adoption and support highly distributed, multi-cloud environments. "TD SYNNEX is committed to uniting IT solutions that deliver business outcomes today and unlock growth for the future," said Mike Allers, VP of Security and Networking at TD SYNNEX. "Our partnership with Aryaka enriches the breadth and depth of our security offerings so customers can remain prepared for evolving cyber threats and do great things with technology." By seamlessly converging networking and security, Aryaka improves application performance, reduces operational complexity, lowers infrastructure costs, and increases scalability. Visit here to learn more about how Aryaka's Unified SASE as a Service provides speed, agility, simplicity, and security without trade-offs. Additional Resources:For more on Aryaka, please visit: Visit the Aryaka blog: Follow Aryaka on X: @AryakaNetworksVisit Aryaka on LinkedIn: About Aryaka Aryaka is the leader in delivering Unified SASE as a Service, a fully integrated solution combining networking, security, and observability. Built for the demands of Generative AI as well as today's multi-cloud hybrid world, Aryaka enables enterprises to transform their secure networking to deliver uncompromised performance, agility, simplicity, and security. Aryaka's flexible delivery options empower businesses to choose their preferred approach for implementation and management. Hundreds of global enterprises, including several in the Fortune 100, depend on Aryaka for their secure networking solutions. For more on Aryaka, please visit About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit follow our newsroom or follow us on LinkedIn, Facebook and Instagram. View source version on Contacts Jordan Tewell10Fold for Aryakaaryaka@
