ScanSource, Inc. reports news around its role as a technology distributor serving channel partners across hardware, software as a service, connectivity and cloud services. Company updates commonly cover quarterly financial results, GAAP and non-GAAP performance measures, recurring revenue, free cash flow outlook, and activity in Specialty Technology Solutions and Intelisys & Advisory.
Recurring announcements also address channel strategy, converged communications and customer experience offerings, supplier and partner initiatives, investor conference participation, and leadership appointments. The business is tied to specialty technologies including mobility and barcode, point-of-sale, payments, security, networking, unified communications and cloud connectivity.
ScanSource, Inc. (NASDAQ: SCSC) announced the promotion of Tony Sorrentino to President, North America, where he will manage sales, supplier relationships, and operations for the hardware business. Sorrentino aims to align ScanSource hardware and POS Portal businesses while driving a recurring revenue model through cloud and SaaS solutions. His extensive experience is expected to enhance growth strategies and provide partners with essential tools and support. The company continues to connect businesses with technology solutions, ranking #655 on the Fortune 1000.
ScanSource, Inc. (NASDAQ: SCSC) will release its fourth quarter and fiscal year 2021 results on August 24, 2021, at approximately 4:00 p.m. ET. Management will discuss these results during an earnings conference call later that day at 5:00 p.m. ET. This call can be accessed via a live Internet webcast on ScanSource's Investor Relations website, with a replay available for 60 days. Founded in 1992, ScanSource connects businesses with technology solutions across various sectors and has been recognized as one of the Best Places to Work in South Carolina.
Intelisys, a ScanSource company, announces an expanded partnership with Cisco, enhancing its offerings by integrating Cisco's Webex portfolio. This is an extension of a successful 14-year collaboration, allowing Intelisys sales partners to provide Cisco's award-winning solutions, including calling, meetings, and messaging. The partnership aims to unlock growth opportunities in unified communications and cloud services, enhancing recurring revenue for agents. Intelisys emphasizes its commitment to support partners in the evolving technology landscape.
ScanSource, Inc. (Nasdaq: SCSC) has appointed Rachel Hayden as Senior Executive Vice President and Chief Information Officer, effective June 7, 2021. She will oversee the global IT strategy and report directly to Chairman and CEO Mike Baur. With significant experience in enterprise-wide IT programs, Hayden previously served as CIO at Just Born, Inc. and held various roles at Berry Plastics. Baur emphasized the importance of strong IT leadership for future growth, highlighting Hayden's expertise in SAP, CRM, and global systems implementation, which aligns with ScanSource’s strategic objectives.
ScanSource, Inc. (SCSC) reported its third-quarter financial results for the period ending March 31, 2021. Net sales reached $729.9 million, a 2% decline year-over-year, although organic growth remained flat. The gross profit improved by 4% to $88.1 million. GAAP operating income surged 87% to $19.4 million, while non-GAAP operating income rose 70% to $25.1 million. Net income increased to $13.8 million, or $0.54 per diluted share. The company maintained a strong cash position with $49.3 million and reduced debt to $198.9 million.
ScanSource, Inc. (NASDAQ: SCSC) has announced the release date for its third quarter fiscal year 2021 results, set for May 10, 2021, at approximately 4:00 p.m. ET. The earnings conference call will follow the results announcement at 5:00 p.m. ET, accessible via the company’s Investor Relations website. ScanSource specializes in technology solutions and has been recognized for its workplace environment and industry reputation, ranking #654 on the Fortune 1000 and included in FORTUNE's list of admired companies.
ScanSource, Inc. (NASDAQ: SCSC) announced that CFO Steve Jones will present at the Sidoti Spring 2021 Virtual Investor Conference on March 25, 2021, at 8:30 a.m. ET. The session will be available via a live webcast, with a replay accessible for 30 days post-event. Interested parties can visit www.scansource.com for more details. ScanSource, a technology solution provider, offers various products and solutions across multiple markets and has been recognized as one of the Best Places to Work in South Carolina.
ScanSource (NASDAQ: SCSC) has announced that CFO Steve Jones will present at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 2:10 p.m. ET. The event will be held virtually and the session will be accessible via a live webcast. A recording will be available for 30 days after the live event. The investor presentation for this conference can be found on the ScanSource Investor Relations website. Founded in 1992, ScanSource connects businesses with technology solutions and is recognized as one of the Best Places to Work in South Carolina.
Summary not available.
Summary not available.