Fortune 500 business process services company SYNNEX Corporation has reported revenues of $1.73 billion for the first quarter of fiscal 2009, a decrease of 1.13% compared to $1.75 billion for the same period of fiscal 2008.

The company’s income from operations was $34.7 million for the first quarter of fiscal 2009 compared income from operations of $32.8 million for the same period of fiscal 2008.

The company posted net income of $19.5 million, or $0.59 per diluted share for the first quarter of fiscal 2009 compared to net income of $16.8 million, or $0.51 per diluted share for the same period of fiscal 2008.

Borrowings under the company’s Canadian off-balance sheet accounts receivable securitization program totaled approximately $49.9 million as of February 28, 2009, versus $85.2 million as of February 29, 2008.