ScanSource Reports 2023 Q4 and Full-Year Results: Net Income Reaches $89.8 Million
Company Achieves $3.79 Billion in Revenue for Fiscal Year 2023
ScanSource, Inc.(SCSC), a leading provider of technology solutions, has released its financial results for the fourth quarter and full fiscal year ended June 30, 2023. The company showcased solid performance, reporting a net income of $89.8 million for the year, accompanied by revenue of $3.79 billion. Let's delve into the details of ScanSource's financial performance in both the fourth quarter and the entire fiscal year.
Net Income Highlight
ScanSource Records Net Income of $18.8 Million in Q4 2023
In the fourth quarter of 2023, ScanSource reported a net income of $18.8 million. While this marked a decrease from the previous year's Q4 net income of $19.9 million, the company's performance remained robust. The net income from continuing operations per common share, basic, stood at $0.76, compared to $0.79 in the same period last year.
