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.
Connection (PC Connection, Inc.; NASDAQ: CNXN) is an information technology solutions provider to business, government, healthcare, and education markets. As a Fortune 1000 company headquartered in Merrimack, New Hampshire, it operates through its Connection Business Solutions, Connection Enterprise Solutions, and Connection Public Sector Solutions segments, supplying IT products and services across the United States and to international customers through its GlobalServe subsidiary.
This news page for CNXN brings together company-issued updates and market-moving announcements. Readers can follow quarterly earnings results, segment performance for Business Solutions, Enterprise Solutions, and Public Sector Solutions, and commentary on trends in areas such as data center modernization, digital workplace solutions, cloud, software, and security offerings. The company’s releases often include details on product mix across notebooks and mobility, desktops, software, servers and storage, networking, accessories, and other hardware and services.
In addition to financial results and dividend declarations, Connection’s news flow features information on strategic partnerships and recognitions. Examples include announcements about Microsoft Security Specializations, Microsoft Solutions Partner designations, and the company’s internal initiatives like the CNXN Helix Center for Applied AI and Robotics. The news stream also covers Connection’s IT Superhero Awards program, which recognizes outstanding IT professionals and highlights the company’s engagement with the broader technology community and charitable organizations through Connection Cares.
Investors, customers, and analysts can use this CNXN news feed to monitor how Connection communicates its operating performance, capital allocation decisions such as share repurchases and dividends, and developments in its solution capabilities and partner ecosystem. Bookmark this page to access a consolidated view of Connection’s latest press releases and official announcements as they are reported.
Connection (NASDAQ: CNXN) has been awarded the title of Federal Public Sector Partner of the Year by Aruba during the Aruba Atmosphere '21 event. This recognition highlights Connection's strong performance, technical skills, and commitment to customer service excellence, particularly during the ongoing digital transformation amid the COVID-19 pandemic. Larry Kirsch, President of Connection Public Sector Solutions, emphasized their capability to deliver secure and agile technology solutions, underscoring the honor as a testament to their expertise in the evolving IT landscape.
Connection (NASDAQ: CNXN) announced its public sector subsidiary has secured one of the GSA’s 2nd Generation Information Technology Blanket Purchase Agreements. This $5.5 billion contract spans five years and allows Connection to provide IT hardware, software, and services to government agencies. The CEO emphasized the importance of this contract in supporting the technology needs of federal customers and enhancing service flexibility.
Connection aims to leverage this opportunity to strengthen its reputation as a trusted IT provider.
PC Connection (NASDAQ: CNXN), an IT solutions provider, announces the appointment of Larry S. Kirsch as President of Connection Public Sector Solutions. Mr. Kirsch brings over 25 years of experience from various tech firms, including CDW and PCM-G. His leadership is expected to enhance growth and service for government and education markets. This addition aims to leverage Kirsch's proven track record and industry knowledge to benefit Connection's clients.
Connection (NASDAQ: CNXN) reported a 10.5% decline in net sales for Q1 2021, totaling $636.9 million, largely due to pandemic-driven supply chain disruptions. Net income fell 31.6% to $10.2 million. Despite these challenges, the company saw strong demand in its notebook and mobility products, boosted by workplace transformations. The Public Sector Solutions segment thrived with a 25.7% revenue increase. Connection remains optimistic about growth prospects in 2021, citing record backlog levels.
Connection (NASDAQ: CNXN) announces an updated dial-in number for its Q1 2021 financial results conference call scheduled for May 6th at 4:30 p.m. ET. Investors can listen in by calling 866-436-9172 (US) or 630-691-2760 (International) and entering confirmation number 50157917. The company offers a wide range of IT solutions to various sectors including business, government, and education.
Connection (NASDAQ: CNXN) will announce its first quarter 2021 financial results on May 6, 2021, after market close. The management team will host a conference call at 4:30 p.m. ET to discuss the results. Investors can join the call by dialing the provided numbers or accessing it online through the company's investor relations website. Connection operates as a leading IT solutions provider across various sectors, offering extensive products and services, including custom-configured computer systems.
Connection (NASDAQ: CNXN) reported its Q4 2020 results, showing a 5.7% decline in net sales to $675.7 million year-over-year, attributed to COVID-19 impacts and supply chain issues. Net income dropped 25.8% to $16.3 million, or $0.62 per diluted share. Throughout 2020, the company faced an 8.1% revenue decline, totaling $2.6 billion. However, segments like SLED and manufacturing posted over 20% growth. The company anticipates continued momentum in 2021, particularly in mobility, security, and managed services.
Connection (NASDAQ: CNXN) is set to release its fourth quarter and full-year 2020 operating results on February 24, 2021, after market close. A conference call will follow at 4:30 p.m. ET, accessible via phone or webcast. The company, headquartered in Merrimack, NH, offers IT solutions to various sectors, delivering custom-configured computer systems from its certified facility. With over 2,500 technical certifications, Connection aims to address complex customer needs and services international clients through its GlobalServe subsidiary.
Connection (NASDAQ: CNXN) has declared a special cash dividend of $.32 per share, totaling approximately $8.4 million, payable on January 29, 2021. Shareholders of record as of January 12, 2021 will benefit from this dividend. The board emphasized that future dividends will depend on the company’s financial health and market conditions. Timothy McGrath, CEO, highlighted the company’s robust balance sheet throughout 2020, reinforcing their commitment to returning cash to shareholders.
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