PC Connection, Inc. (PCCC) Tops Q1 EPS by 2c

PC Connection, Inc. (NASDAQ: PCCC) reported Q1 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $559.8 million versus the consensus estimate of $524.7 million.

We are pleased with PC Connection's strong results this quarter,” said Timothy McGrath, President and Chief Executive Officer. “Our long-term customer relationships allowed us to benefit from the Windows XP expiration, which drove significant refresh activity in categories such as notebooks and desktops. In addition, we increased technical solution sales, especially in software and networking, as we continued our transformation into higher value-added products and services. As a National Solutions Provider, our goal is to consistently invest in more complex solutions capabilities while delivering solid financial performance, and we were able to accomplish that in Q1 with our double-digit sales increase and 17% increase in earnings.” Mr. McGrath concluded, “We believe the team and the strategies we have in place position PC Connection well to gain market share and increase long-term shareholder value.”

For earnings history and earnings-related data on PC Connection, Inc. (PCCC) click here.

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