TD SYNNEX Corporation (NYSE:SNX) Q4 2023 Earnings Call Transcript

Marshall Witt: So a specific number, no. It clearly was in the PC ecosystem, a negative contributor to the overall decline in our revenue portfolio. So it did have a meaningful impact. If I sit back and think about ES and AS, something ES had its moment in ’21 and halfway through ’22 and AS had its moment in ’22 and ’23. So we’re happy that we’ve got such a broad and diverse portfolio. And yes, we have certain attributes that behave differently from time to time. But the benefit of our large portfolio allows us to have a balanced view when certain aspects of ES are down and certain aspects of AS could be up. But the complementary line card, I think, is what really benefits us.

Rich Hume: Yes. Just a way of thinking about this is, last year, we knew AS had grown and ES had declined. Those are the two major segments of our business. So if you take a look at the net change in revenue year-on-year, you’re probably getting close to the answer.

Ashish Sabadra: That’s very helpful color. Thank you. Thanks again.

Operator: Thank you, ladies and gentlemen, I will now turn the call back to Mr. Rich Hume for closing remarks.

Rich Hume: Well, thanks, everyone, and thanks for participating in the call today. FY ’23 certainly played out different than we all had anticipated as we had sat around the table this time last year. That being said, I’m very proud of what we’ve accomplished. I’m very proud of our relationships with our vendors and our customers. They are our primary stakeholders, and my congratulations to our 23,000 coworkers around the world for doing a great job executing in this more challenging environment than anticipated. With that, I wish you all a great day.

Operator: And ladies and gentlemen, that concludes today’s call, and we thank you for your participation. You may now disconnect.