PC Connection Inc. (PCCC) 2005年年度报告「NASDAQ」.pdf

1、2 0 0 5 A N N U A L R E P O R TP C C O N N E C T I O N,I N C.E N V I S I O N ENGAGE ENHANCEAt PC Connection,Inc.,we embrace change.It is a fundamental constant in the continually evolving business of providing Information Technology(IT)solutions.At the same time,however,we continue to adhere to a fe

2、w key unchanging tenets that allowed us to exceed customer expectations in 2005 just as we did back in 1982.With a seasoned staff including some of the most experienced executives,salespeople,technicians,and support staff in the business,our efforts to surpass customer expectations are rooted in ide

3、as first put into place when PC Connection was founded nearly a quarter-century ago.We envision the needs of our customers by listening to them,analyzing their requirements,and using our extensive IT knowledge and experience to anticipate their needs.We engage a wide network of partners from custome

4、rs and employees to manufacturing suppliers and service providers to identify and capitalize on new business opportunities.And,we are making strategic investments we believe will enhance long-term shareholder value.These practices continue to serve us well.In 2005,we had a record revenue year of$1.4

5、4 billion in sales,up 6.7 percent from$1.35 billion the previous year.Revenues grew in each of our business segments primarily due to successful customer acquisition initiatives,with the most significant increase of more than 16 percent occurring in our large corporate account segment.In 2005,our ne

6、tworking/communications category showed 16 percent year-over-year growth and IT storage equipment sales grew 12 percent.Our operating expenses increased both in total and as a percent of sales,however,and earnings declined in 2005 compared to the previous year.This was due to significant investments