How did SNX's Q2 2024 performance reflect its cost management strategies?

**TD SYNNEX's Q2 2024 performance reflects effective cost management strategies**, as evidenced by the following key points:

1. **Gross Margin Improvement**: The company's gross margin increased to 6.81% in Q2 2024, up from 6.87% in the previous year. This indicates that SNX's cost management efforts were successful in maintaining profitability despite the slight decrease in gross margin due to higher strategic technologies margins in the prior year.
2. **Operating Income Growth**: TD SYNNEX reported an operating income of $1.2 billion for the year, up from $1.1 billion in the previous year. This increase was primarily driven by lower acquisition, integration, and restructuring costs, which reflects the company's effective cost management strategies.
3. **Dividend Increase**: The company announced a dividend per share increase of 10% from the prior fiscal quarter, which suggests a confidence in managing costs and generating surplus cash for shareholders.
4. **Free Cash Flow and Stock Repurchases**: SNX generated significant free cash flow of $513 million in Q4 2024 and returned $750 million to stockholders in the form of share repurchases and dividends. This indicates a strong financial position and effective cost management that allowed the company to allocate capital towards increasing shareholder value.

In conclusion, TD SYNNEX's Q2 2024 performance demonstrates the company's successful cost management strategies, which have contributed to improved gross margins, increased operating income, and enhanced shareholder returns.