SYNNEX Corp. announced unaudited consolidated financial results for the fourth quarter and year ended November 30, 2014. For the quarter, revenue was $3,823,869,000 against $3,059,051,000 a year ago. Income before non-operating items, income taxes and non-controlling interest was $91,484,000 against $66,040,000 a year ago. Income before income taxes and non-controlling interest was $91,484,000 against $66,040,000 a year ago. Net income attributable to the company was $57,080,000 or $1.44 per diluted share against $41,488,000 or $1.09 per diluted share a year ago. Non-GAAP operating income was $124,861,000 against $77,254,000 a year ago. Non-GAAP net income attributable to the company was $72,677,000 or $1.83 per diluted share against $46,681,000 or $1.23 per diluted share a year ago. Capital expenditure for the quarter was approximately $20.1 million, which is primarily related to Concentrix facility expansion due to business growth. Preliminary cash flow generated from operations was approximately $50 million for the fourth quarter due to positive cash flow generated from Concentrix and efficient Technology Solutions working capital management.

For the year, revenue was $13,839,590,000 against $10,845,164,000 a year ago. Income before non-operating items, income taxes and non-controlling interest was $308,507,000 against $240,828,000 a year ago. Income before income taxes and non-controlling interest was $284,282,000 against $238,052,000 a year ago. Net income attributable to the company was $180,034,000 or $4.57 per diluted share against $152,237,000 or $3.02 per diluted share a year ago. Non-GAAP operating income was $406,704,000 against $257,175,000 a year ago. Non-GAAP net income attributable to the company was $242,347,000 or $4.57 per diluted share against $163,312,000 or $3.02 per diluted share a year ago. For fiscal 2014, cash flow used in operations was $231 million.

The company provided earnings guidance for the first quarter of fiscal year 2015. For the quarter, the company expects revenue to be in the range of $3.375 billion to $3.475 billion. Non-GAAP net income is expected to be in the range of $59.8 million to $61.8 million. Non-GAAP diluted earnings per share are expected to be in the range of $1.49 to $1.54. The non-GAAP diluted net income and non-GAAP EPS guidance exclude acquisition and integration-related expenses and after-tax cost of approximately $8.7 million or $0.22 per share related to amortization of intangibles.

For fiscal 2015, the company anticipates the annual tax rate to be in the 35% to 36% range.