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Stock impact report

IT Distribution & Solutions Stocks Q2 Highlights: ScanSource (NASDAQ:SCSC) [Yahoo! Finance]

ScanSource, Inc. (SCSC) 
Last scansource, inc. earnings: 2/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: scansource.com/en/investors
Company Research Source: Yahoo! Finance
Today we are looking at ScanSource (NASDAQ:SCSC) and the best and worst performers in the it distribution & solutions industry. IT Distribution & Solutions will be buoyed by the increasing complexity of IT ecosystems, rising cloud adoption, and demand for cybersecurity solutions. Enterprises are less likely than ever to embark on these complicated journeys solo, and companies in the sector boast expertise and scale in these areas. However, cloud migration also means less need for hardware, which could dent demand for large portions of the product portfolio and hurt margins. Additionally, planning for potentially supply chain disruptions is ongoing, as the COVID-19 pandemic showed how damaging a pause in global trade could be in areas like semiconductor procurement. The 8 it distribution & solutions stocks we track reported a strong Q2. As a group, revenues beat analysts' consensus estimates by 6% while next quarter's revenue guidance was in line. In light of this news, share pri Show less Read more
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