ScanSource Releases Q2 Results

ScanSource, Inc. (NASDAQ: SCSC), a provider of technology products and solutions, has announced financial results for the second quarter ended December 31, 2019, the company said.

Net sales were USD 990 million for the second quarter of fiscal year 2020, 5% lower than the second quarter of fiscal year 2019, principally from lower sales volumes in North America. This decrease was partially offset by increases for the Intelisys recurring revenue business and the addition of SaaS sales with the acquisition of intY.

Operating income for the second quarter decreased to USD 18.5 million year-over-year, and non-GAAP operating income decreased to USD 28.6 million from the prior-year quarter, primarily from investments for our recurring revenue and services-based businesses.

ScanSource is at the center of the technology solution delivery channel, connecting businesses and providing solutions for their complex needs. ScanSource sells through multiple, specialized routes-to-market with digital, physical and services offerings from the world´s suppliers of point-of-sale (POS), payments, barcode, physical security, unified communications and collaboration, telecom and cloud services. For more information, visit www.scansource.com.