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Thursday, July 29, 2010

PC Connection pulls in Q2 growth

By Rodney H. Brown

Computer and information technology products retailer PC Connection Inc. reported the second largest quarterly sales level in the Merrimack, N.H., company’s history. Revenue for the quarter was $477.5 million, up 26.6 percent from the $377.7 million in Q2 2009.

That led the company to a profit of $5 million for the second quarter of 2010, turning around the $6.46 million loss PC Connection (Nasdaq: PCCC) reported for the same time frame last year. Leading the Q2 2010 sales was notebooks and PDAs, with $86.15 million, but the next three -- desktops/servers, software, and video, imaging and sound -- were not far off.

PC Connections’ top five market sectors -- the four mentioned above, along with net/com products -- all posted double digit percentage gains in sales in the second quarter over 2009.

In January, PC Connection launched a new sales company, PC Connection Express Inc., based in Portsmouth, N.H., and focusing on the consumer and small office/home office (“SOHO”) markets. All told the company’s divisions include PC Connection Sales Corp., MoreDirect Inc., GovConnection Inc., and PC Connection Express.

 

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