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.
PC Connection Inc., doing business as Connection, provides information technology solutions for business, government, healthcare and education markets. The company sells computer systems, software, peripherals, networking products and related accessories, and also provides design, configuration and implementation services for IT environments.
News about CNXN commonly covers quarterly operating results, gross billings, gross profit, segment activity in Business Solutions, Enterprise Solutions and Public Sector Solutions, and capital-return actions such as dividends and share repurchase authorizations. Company updates also address custom-configured IT solutions, supply-chain tools such as MarkITplace, GlobalServe international procurement services, managed security offerings and customer technology priorities including data center modernization, digital workplace transformation and AI-related infrastructure demand.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.