PC Connection Inc. (PCCC) 2007年年度报告「NASDAQ」.pdf

1、P C C O N N E CTI O N,I N C.2 0 0 7 A N N U A L R E P O R TIn 2007,PC Connection,Inc.began the year by celebrating the 25th anniversary of our founding in 1982.During this milestone year,the Company achieved record revenues while increasing operating income by 54%and net income by 67%year over year.

2、These improvements were largely due to our success in managing overall costs.The fourth quarter of 2007 also marked our 11th consecutive quarter of year-over-year sales growth.Revenues and gross profit increased in each of our business segments,with consolidated sales at$1.79 billion,up 9%compared t

3、o$1.64 billion in 2006.Gross profit growth was equally strong,at 9%for the same period.Net income for 2007 was$23.0 million,compared to$13.8 million in 2006.At the end of 2007,we continued to have no bank debt outstanding and at the same time,continued to invest in the initiatives we felt would enha

4、nce the long-term health of our Company.We improved our leverage in receivables and inventories,as both days sales outstanding and inventory turns improved year over year.Overall,our balance sheet remains very healthy.PC Connection offers a corporate structure and branding strategy enabling our thre

5、e sales subsidiaries to fully engage key customer segments.PC Connection Sales Corporation,which includes our MacConnection division,serves consumers and small-and medium-sized businesses;GovConnection,Inc.serves government agencies and educational institutions;and MoreDirect,Inc.supports large corp

6、orate customers.In all segments,we work closely with customers to determine the full range of their needs and then configure and supply comprehensive IT solutions.We offer a broad range of services through our three sales subsidiaries.These include the ServiceConnection offerings to predominantly SM