Key Developments For PC Connection, Inc.
PC Connection, Inc. (PCCC.O) (Nasdaq)
PC Connection, Inc. Issues Q1 2009 Revenue Outlook Below Analysts' Estimates; Announces Workforce Reduction
PC Connection, Inc. announced that for the first quarter of 2009, it expects revenues to decline by at least 20% from the prior year quarter. The Company reported revenue of $423.72 million in the first quarter of 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $382 million for the first quarter of 2009. The Company also announced that it has implemented cost reduction initiatives in this month, including a workforce reduction of approximately 6%. The Company will incur related severance charges of approximately $0.6 million in the first quarter of 2009.
PC Connection, Inc. Comments On Q3 2008 Revenue Guidance
PC Connection, Inc. announced that for third quarter 2008 it expects revenue to be in the same range as the third quarter of 2007. The Company reported revenue of $456.47 million for third quarter 2007.
PC Connection, Inc.'s GovConnection Partners With Florida's Brevard County School District
GovConnection, Inc., a sale company of PC Connection, Inc., announced that it has signed a five-year contract with the Brevard County School District. Brevard will standardize on IT solutions for its administrative offices and classrooms.
PC Connection, Inc. Opens New Dallas Call Center
PC Connection, Inc. announced that its PC Connection Sales Corporation would open a new call center next month in Addison, TX within the Dallas metroplex.
PC Connection, Inc. Issues Mixed Q4 2005 Guidance
PC Connection, Inc. announced that it anticipates its fourth quarter 2005 earnings to be at or near break even. Net sales for the quarter are expected to be approximately $399 million. According to Reuters Estimates, analysts on average were expecting the Company to report fourth quarter earnings per share of $0.08 and sales of $362 million.
