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ScanSource, Inc. (SCSC) is a leading distributor of technology products and solutions, specializing in the sale of communications equipment, networking solutions, and cloud services. The company was founded in 1992 and is based in Greenville, South Carolina.
Here is some general information about ScanSource, Inc.:
* Stock Exchange: NASDAQ
* Ticker Symbol: SCSC
* Market Cap: $605.17M (as of March 1, 2023)
* Annual Earnings (FY 2022): $43.8M
* Earnings Growth (5-year): -4.3%
* Revenue (FY 2022): $3.5B
* Revenue Growth (5-year): -2.2%
* Dividend Yield: 3.4%
* PE Ratio: 6.15 (as of March 1, 2023)
ScanSource, Inc. operates through two business segments: Worldwide Barcode, Networking and Security (BNS) and Worldwide Communications and Services (CSG). The BNS segment focuses on providing auto-ID and data capture, point-of-sale, payment, and networking solutions. The CSG segment offers voice, video, and data communications equipment and services.
ScanSource, Inc. serves a wide range of customers, including value-added resellers (VARs), managed service providers (MSPs), and other technology solution providers. The company has a global footprint, with operations in North America, Latin America, and Europe, and serves customers in more than 180 countries.
ScanSource, Inc. has a strong focus on innovation and has consistently invested in new technologies, such as cloud, IoT, and AI, to drive growth. The company's revenue and earnings have been stable, although there has been a slight decline in recent years. The company's dividend yield is attractive, making it a potentially lucrative investment for income-focused investors.
In summary, ScanSource, Inc. is a well-established technology distributor with a strong global presence and a focus on innovation. While its revenue and earnings have declined slightly in recent years, the company's attractive dividend yield makes it a potential investment opportunity for income-focused investors.