PC Connection reported a decrease in net sales by 5.7% to $675.7 million and a decrease in net income by 25.8% to $16.3 million, or $0.62 per diluted share, compared to the prior year quarter. The reduction in revenue year over year is primarily due to the continuing impact of the COVID-19 pandemic in Enterprise and supply chain constraints.
Net sales decreased by 5.7% to $675.7 million compared to the prior year quarter.
Net income decreased by 25.8% to $16.3 million, or $0.62 per diluted share, compared to the prior year quarter.
Business and Public Sector Solutions segments experienced year-over-year revenue growth.
Greater than 20% growth was experienced in both SLED and the manufacturing vertical market.
The company is optimistic about 2021 and looks forward to continuing to deliver the value-added services and products that enable its customers to transform their businesses. Current momentum is expected to continue in the months ahead.
Visualization of income flow from segment revenue to net income
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