TD SYNNEX Corporation (NYSE:SNX) Q4 2023 Earnings Conference Call January 9, 2024 9:00 AM ET

Company Participants

Liz Morali - Head of IR

Rich Hume - CEO

Marshall Witt - CFO

Conference Call Participants

David Vogt - UBS

Vince Colicchio - Barrington Research

Ruplu Bhattacharya - Bank of America

Michael Ng - Goldman Sachs

Adam Tindle - Raymond James

George Wang - Barclays

Joseph Cardoso - JPMorgan

Keith Housum - Northcoast Research

Ashish Sabadra - RBC Capital Markets

Operator

Ladies and gentlemen, good morning. My name is Abby, and I will be your conference operator today. I would like to welcome everyone to the TD SYNNEX Fourth Quarter and Full Year Fiscal 2023 Earnings Call. [Operator Instructions]

At this time, for opening remarks, I would like to pass the call over to Liz Morali, Head of Investor Relations. Liz, you may begin.

Liz Morali

Thank you. Good morning, everyone, and thank you for joining us for today's call. With me today are Rich Hume, CEO; and Marshall Witt, CFO.

Before we continue, let me remind you that today's discussion contains forward-looking statements within the meaning of the federal securities laws, including predictions, estimates, projections or other statements about future events, including statements about demand, cash flow and shareholder return, as well as our expectations for future fiscal periods. Actual results may differ materially from those mentioned in these forward-looking statements as a result of risks and uncertainties discussed in today's earnings release in the Form 8-K we filed today and in the Risk Factors section of our Form 10-K and our other reports and filings with the SEC. We do not intend to update any forward-looking statements.

Also during this call, we will reference certain non-GAAP financial information. Reconciliations of GAAP to non-GAAP results are included in our earnings press release and the related Form 8-K available on our Investor Relations website, ir.tdsynnex.com. This conference call is the property of TD SYNNEX and may not be recorded or rebroadcast without our permission.

I will now turn the call over to Rich. Rich?

Rich Hume

Thank you, Liz. Good morning, everyone, and thank you for joining us today.

We delivered solid fourth quarter results, with the gross billings at the high end of our outlook range and a significant EPS beat enabled by the continued execution of our business plan despite dynamic market conditions. Our strategic emphasis on high-growth technology areas, coupled with our broad technology portfolio, allowed us to pivot to margin-accretive areas of growth, and we saw signs of stabilization with healthy sequential improvement in revenue and gross billings in the fourth quarter.