Reports Q2 revenue $747.5M, consensus $847.6M…”In a soft demand environment, our team delivered second quarter gross profit growth and a strong gross profit margin,” said Mike Baur, Chair and CEO, ScanSource (SCSC), Inc. “Our recent acquisitions are expanding recurring revenue opportunities for our channel partners.” Quarterly Results Net sales for the second quarter of fiscal year 2025 totaled $747.5M, down 15.5% year-over-year, or down 15.1% for non-GAAP net sales. Net sales for products and services decreased 17.0% year-over-year, while recurring revenue increased 31.2% year-over-year. Specialty Technology Solutions net sales for the second quarter decreased 16.0% year-over-year to $723.3M primarily due to lower large deals and continued soft demand in a more cautious technology spending environment. Intelisys & Advisory net sales for the second quarter increased 4.0% year-over-year to $24.2M reflecting the addition of an acquisition.
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