SYNNEX Fortune 500 ranking of the largest US companies has advanced 40 positions to #220. The Fortune 500 list ranks the largest private and public US companies based on their prior year's annual revenue. SYNNEX reported $13.84 billion in revenue for the 2014 fiscal year, up 27.6% year-over-year from 2013. SYNNEX debuted on the Fortune 500 list in 2007 with reported fiscal 2006 annual revenue of $6.34 billion, ranking at #360 on the list.
SYNNEX Corporation operates two core businesses: Technology Solutions, a value-add distributor of IT and CE products and services; and Concentrix, a leader in customer care business process outsourcing. Technology Solutions revenues grew 19.6% year-over-year from market share gains as well as from emerging businesses including Hyve Solutions, which designs and assembles purpose-built energy-efficient infrastructure designed for large scale data centers. Concentrix' strong revenue growth was primarily driven by the acquisition of the IBM CRM business.
"I am very proud of what SYNNEX has accomplished, building upon our rich history of profitable growth," said Kevin Murai, President and Chief Executive Officer, SYNNEX Corporation. "Our performance underscores our strong team and culture, and our ability to execute our growth strategy."
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