UPDATE 1-Synnex Q2 profit beats Street, forecasts strong Q3

* Q2 EPS 57 cents beat estimates by 9 cents

* Sees Q3 sales of $1.80-$1.90 bln

* Shares up 4 pct

June 30 (Reuters) - Technology distributor Synnex Corp (SNX.N) posted better-than-expected quarterly results helped by a 20 percent rise in its global business services revenue and forecast third-quarter results above Wall Street expectations, sending its shares up 4 percent.

Second-quarter net income increased to $19.2 million, or 57 cents per share, from $18.5 million, or 56 cents per share, a year earlier. Revenue fell 3.5 percent to $1.81 billion.

Analysts expected earnings of 48 cents a share, excluding exceptional items, on revenue of $1.68 billion, according to Reuters Estimates.

"While demand remains down over the prior-year period, we believe the market has stabilized over the past two quarters," Chief Executive Kevin Murai said in a statement.

For the third quarter, the company forecast earnings of 58 cents to 61 cents a share, on revenue of $1.80 billion to $1.90 billion. Analysts were looking for earnings of 50 cents a share, excluding items, on revenue of $1.75 billion.

Synnex purchases information technology systems, peripherals, system components, packaged software and networking equipment from original equipment manufacturers such as Hewlett-Packard Co (HPQ.N), Seagate (STX.O) and Lenovo Group Ltd (0992.HK) and sells them to resellers.

The Fremont, California-based company's shares, which have more than doubled in value in the last six months, were trading up at $25.93 after the bell. They closed at $24.99 Tuesday on the New York Stock Exchange. (Reporting by Shrutika Verma in Bangalore; Editing by Vinu Pilakkott)