Channel programs News
ScanSource Gets New President, Reports Q2 Growth: 5 Things To Know
Joseph F. Kovar
ScanSource CEO Mike Baur surprised the analysts on its quarterly financial conference call not only with unexpectedly strong revenue and earnings figures, but with the promotion of Chief Revenue Officer John Eldh as the company’s new president.
Great News On Multiple Fronts
ScanSource Tuesday reported its second fiscal quarter 2021 financial reports, and the numbers told a story of growth despite headwinds caused by supply constraints. CEO Mike Baur (pictured), Chief Revenue Officer John Eldh, and Chief Financial Officer Steve Jones used the company’s quarterly analyst conference call to not only report strong growth in revenue and earnings, but to increase guidance for the full fiscal year 2021 based on the strength of the IT distributor’s hybrid distribution strategy which combines traditional hardware sales with cloud, SaaS, and connectivity products and services into broad solutions.
But revenue and income were not necessarily the biggest news for Greenville, S.C.-based ScanSource. Baur used the call to also announce that Eldh, who has been central to driving ScanSource’s hybrid distribution strategy, was promoted to company president, giving him a higher profile from which to expand that strategy.
“We’re very excited about the our hybrid distribution strategy, and are really leveraging it to accelerate growth for partners and suppliers across hardware, SaaS, connectivity, and cloud services,” Eldh told CRN in a separate conversation after the financial conference call.
Baur, Eldh, and Jones got together with CRN to talk about all that is going on at ScanSource. For a look at what is driving the IT distributor, click through the slideshow.