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 has partnered with Microsoft to support the Aviation Museum of New Hampshire in Londonderry through the donation of 20 Surface Laptop 5 devices and accessories. This initiative is part of Connection's Connection Cares program and aims to inspire young people to pursue careers in aerospace. The museum will use these devices in its Flights of Discovery summer camp, where participants will design and build future airports using Microsoft Surface and Minecraft. Additionally, the devices will aid in designing airfoils for 3D printing and testing, and help students in building resumes and business cards. This collaboration seeks to connect students with technology, enhancing their skills and preparing them for careers in the aviation industry.
Connection (CNXN), a leader in IT solutions for business, government, healthcare, and education, has won the 2024 Federal Rising Star Partner of the Year award from Dell Technologies. This accolade highlights the company's outstanding performance and growth in the Federal marketplace. Larry Kirsch, President of Connection Public Sector Solutions, attributes this success to the team's technical expertise, customer service, and tailored technology solutions for Federal clients. The company aims to continue exceeding customer expectations with their specialized services.
Connection, a top IT solutions provider, is partnering with Microsoft, Qualcomm, and other OEMs to launch the Copilot+ PCs, a new generation of AI-powered Windows-based devices. These devices, featuring Qualcomm Snapdragon X Elite and X Plus processors on Arm64 architecture, promise a user experience 100x more efficient for AI tasks than prior models. The first Copilot+ PCs, including devices from Microsoft, Acer, ASUS, Dell, HP, Lenovo, and Samsung, will debut in June 2024. Connection will provide services to assist with the integration of these advanced AI tools, enhancing productivity and aligning IT investments with strategic priorities.
The initiative aligns with Microsoft's Strategic Refresh Initiative, and Connection has been recognized as a Microsoft Solutions Partner across multiple areas, including Business Applications, Data & AI, and Security.
Connection (NASDAQ: CNXN), an IT solutions provider, has been awarded the ServiceNow 2024 Americas Reseller Partner of the Year. This recognition highlights Connection's excellence in driving sales of Now Platform products and offering superior ServiceNow professional services. Tim McGrath, Connection's President and CEO, emphasized the company's commitment to delivering exceptional customer outcomes and leveraging ServiceNow technologies internally to enhance automation and workflow efficiency. The award underscores Connection's role in guiding organizations towards digital transformation.
Connection (NASDAQ: CNXN) has been awarded a technology contract to provide products and services to Fairfax County, VA and other government agencies through the GOVMVMT Purchasing Cooperative. The contract extends through October 31, 2028, with a potential dollar volume of $200 million annually.
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.
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