Comcast Corporation (NASDAQ:CMCSA) – Aims To Widen Outreach through SYNNEX


Dallas, Texas 08/22/2013 (Financialstrend) – Comcast Corporation (NASDAQ:CMCSA) a media and technology company provides entertainment, information and communications products and services worldwide. The company was founded in 1963 it’s headquarter is in in Philadelphia, Pennsylvania. The company mainly operates in Broadcast Television, Cable Communications and Networks, Filmed Entertainment and Theme Parks segments. Through its various segments the company provides various services like video, high-speed internet and voice services, business services such as cellular backhaul services, Ethernet network services and online advertising services to residential and business customers.

On August 20, 2013 the company announced that it has added SYNNEX Corporation (NYSE:SNX), a top distributor of IT products and services which serves thousands of value added resellers across the country as First Distributor Master Agent to serve Channel Partner Program. Company’s Ethernet, Internet Voice, Cloud and TV Solutions are a key platform to Leading Distributor’s mobility, communications and networking services practice. It also helps SNX’s value added resellers to build end-to-end mobility and cloud communications solutions for their customers.

SYNNEX has an impressive reach in selling network connectivity services in greater numbers and also their dedicated networking practice help the CMCSA Business to build support to a large number of value added resellers and their end-user customers in the company’s national footprint covering 39 states and the District of Columbia, and includes 20 of the top 25 metropolitan markets in the US.

This new relationship and their business model will be a ‘game changer’ in the IT distribution industryand also will help the companies to grow their monthly recurring revenues.

As company’s Q213 shows increase in revenue by 7.0%, cash flow by 8.4%, and operating income by 11.6% and also there is an improvement in company’s EPS  by 30.0% to $0.65, company executives are expecting to maintain the upward trend in the earnings of the company after entering in the new relationship with SNX.