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. (CNXN) delivers essential IT solutions and procurement services to businesses, government agencies, healthcare providers, and educational institutions worldwide. This news hub provides investors and technology professionals with timely updates on corporate developments, strategic partnerships, and market positioning in the evolving IT services sector.
Access official press releases and curated news coverage spanning earnings announcements, product launches, leadership updates, and industry recognition. The curated collection enables stakeholders to track CNXN's progress in delivering value-driven technology solutions while maintaining compliance with sector-specific requirements.
Key focus areas include enterprise IT infrastructure developments, public sector technology initiatives, and global procurement expansions. Users will find updates on Connection's efforts to address digital transformation challenges through innovative hardware/software solutions and expert technical guidance.
Bookmark this page for streamlined access to CNXN's latest corporate communications. Check regularly for updates on technology partnerships, service expansions, and financial performance metrics relevant to investment research and sector analysis.
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.
Connection (NASDAQ: CNXN), a prominent IT solutions provider, has received a Supplier Legacy Award from Premier Inc. for its exceptional service and support to healthcare alliance members. Since 2002, Connection has helped lower supply chain costs and boost operational efficiency during challenging times. CEO Tim McGrath emphasized the company's commitment to understanding and meeting the unique needs of healthcare customers. The award underscores Connection's dedication to advancing clinical excellence and optimizing costs for its partners.
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