Trade PC Connection Inc - CNXN CFD

PC Connection Company profile

About PC Connection, Inc.

PC Connection, Inc. is a provider of a range of information technology (IT) solutions. It operates through three segments: Business Solutions, Enterprise Solutions and Public Sector Solutions. The Company enables its customers to design, manage, and service their IT environments. It provides IT products, including computer systems, data center solutions, software and peripheral equipment, networking communications, and other products and accessories that the Company purchases from manufacturers, distributors, and other suppliers. It also offers services involving design, configuration, and implementation of IT solutions. The Company markets its products and services through its Websites, including www.connection.com, www.connection.com/enterprise, www.connection.com/publicsector, and www.macconnection.com. It uses a combination of outbound telemarketing, including some on-site sales solicitation by business development managers.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, PC Connection, Inc. revenues increased 12% to $2.89B. Net income increased 25% to $69.9M. Revenues reflect Enterprise Solutions segment increase of 12% to $1.25B, Business Solutions segment increase of 14% to $1.1B, Retail Sales-Large Account increase of 12% to $1.25B. Net income benefited from Enterprise Solutions segment income increase of 26% to $74.7M.

Equity composition

Common Stock $.01 Par, 3/11, 100M auth., 27,527,000 issd., less 854,000 shs. in Treas. @ $5.6M. Insiders control 35.25%. IPO:3/98, 3,125,000 shares @ $17.50 By Donaldson, Lufkin & Jenrette Securities Corp. 5/00, 3-for-2 stock split.