SYNNEX reported strong results for the fourth quarter the IT products distributor significantly increased sales and margins.
 

"I am very proud of the SYNNEX team for once again delivering excellent results. The fourth quarter was an outstanding finish to a strong year where SYNNEX again grew revenues and profits in excess of industry growth rates even while making substantial investments in new high-growth and high-margin businesses," stated Kevin Murai, President and Chief Executive Officer.
 

"We continue to focus on efficiency and leverage in our core business, further expansion into high growth adjacent markets and creating value-added service offerings - all focused on increasing shareholder value."
 

For distribution, revenue from continuing operations was $2.80 billion, an increase of 14.6% over the prior fiscal year fourth quarter. The acquisition on December 1, 2010 of SYNNEX Infotec Corporation in Japan added $304.9 million to the fiscal 2011 fourth quarter revenue.
 

Global Business Services (GBS) saw its revenue from continuing operations come in at $44.9 million, an increase of 62.1% over the prior fiscal year fourth quarter.