Welcome to our dedicated page for PC Connection news (Ticker: $CNXN), a resource for investors and traders seeking the latest updates and insights on PC Connection stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PC Connection's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PC Connection's position in the market.
Connection, a leading IT solutions provider, has been awarded a $125 million Blanket Purchase Agreement to provide Microsoft products and services to the U.S. Courts and Federal Judiciary. The agreement includes a base period of three years with a three-year option, emphasizing the company's commitment to meeting the technology needs of the Federal Government.
Connection, a leading information technology solutions provider, has been named to Newsweek's Most Trustworthy Companies in America list for the third consecutive year. The company's President and CEO, Tim McGrath, expressed gratitude for the recognition, emphasizing the importance of integrity, transparency, and trust in their relationships with customers, partners, employees, and investors.
Connection (CNXN) reported its first quarter 2024 results with net sales of $632.0 million, a 13.1% decrease year-over-year. Gross profit was $118.1 million, down 3.5% year-over-year. Net income dropped by 7.4% to $13.2 million, with diluted EPS at $0.50. The company also declared a $0.10 quarterly dividend per share and increased its share repurchase program by $40.0 million.
