CEO: Mike Baur
For the first quarter of fiscal 2014 ended Sept. 30, ScanSource reported sales of $731.9 million, down a fraction of 1 percent from the same period one year earlier. Net income was $19.4 million, up 10.2 percent from the first quarter of fiscal 2013.
The Greenville, S.C.-based distributor reported sales of $2.88 billion in fiscal 2013, ended June 30, down 4.6 percent from fiscal 2012, while net income plunged more than 53 percent to $34.7 million.
In May, ScanSource expanded its relationship with Cisco, going beyond the manufacturer's security and networking gear to include Cisco's voice, video and collaboration products. In June, ScanSource established a strategic alliance with Intelisys to help solution providers develop cloud computing service businesses.