PC Connection releases preliminary Q1 2017 financials

Connection (NASDAQ: CNXN), a national technology solutions provider of a full range of information technology (IT) solutions to business, government, and education markets, has announced certain preliminary financial results for the quarter ended March 31, 2017, the company said.

Connection expects to report revenue in the range of USD 670m to USD 675m for the first quarter ended March 31, 2017, representing growth of approximately 17% year over year. Gross profit for the first quarter is expected to range between USD 85m and USD 90m.

In addition, for the first quarter, Connection expects to report net income of between USD 7m and USD 8m and diluted earnings per share from USD 0.27 to USD 0.28. Preliminary first quarter results reflect an increase in market share but at lower gross margin due to certain non-recurring large project rollouts.

The company will release its first quarter operating results after close of market on Thursday, April 20, 2017.

Headquartered in Merrimack, NH with offices throughout the United States, Connection is the combined corporate brand name for PC Connection, Inc., a Fortune 1000 company, along with its subsidiaries: PC Connection Sales, GovConnection, and MoreDirect, reflecting the company´s mission to connect people with technology that enhances growth, elevates productivity, and empowers innovation.