Sales, Profits Take a Tumble at PC Connection

First-quarter sales at Merrimack, NH-based PC Connection decreased 16.1%, to $377.3 million, down from $449.4 million for the same period in 2008. For the period ended June 30, the company posted a net loss of $6.5 million, compared to net income of $5.1 million last year.

Company chairman/CEO Patricia Gallup remained optimistic. “Despite the challenging business environment, and excluding the special charges we incurred during the quarter, we did make progress on restoring profitable growth to our business,” she said in a release.

On a pro forma basis, Gallup continued, “PC Connection generated $1.1 million of net income in Q2. While the near-term industry outlook remains somewhat uncertain, we continue to be optimistic about the long-term demand for IT products and solutions. Our balance sheet remains strong, and we believe the strategies and talented team we have in place position us well for future success.”

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