ScanSource Q1 FY17 Financial Results 2016

ScanSource reported Q1 FY17 net sales of $933 million, up 7% year-over-year, driven by strong North American business growth and recent acquisitions. The company closed the Intelisys acquisition in August 2016 for $83.6 million plus earn-out payments. Gross margin was 9.8%, reflecting sales mix from larger deals and lower international business.