PC Connection Inc. (PCCC) 2006年年度报告「NASDAQ」.pdf

1、O n e o f a K i n dP C C O N N E C T I O N,I N C.2 0 0 6 A N N U A L R E P O R TPC Connection,Inc.had an outstanding year in 2006.We generated record sales,increased net income by over 200%year over year,and saw our stock price increase nearly 175%.Like the steady growth of a pearl,these results cam

2、e about by building upon the core values and guiding principles that have shaped our success since our founding in 1982.Revenues and gross profit increased across all business segments with overall sales at$1.64 billion,up 13%compared to$1.44 billion in 2005.Gross profit growth was even higher,at 22

3、%,reflecting the improvements we made in our gross margin rate.Net income for 2006 was$13.8 million,compared to$4.4 million in 2005.We also achieved further improvements in our balance sheet and cash flows in 2006.Our cash balances nearly doubled year over year,and we had no debt outstanding at the

4、end of 2006.At the same time,we continued to invest in the initiatives we feel will ensure 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.Our balance sheet remains very healthy.At

5、the core of our strategy is our commitment to deliver the best service possible to every one of our customers.To that end,our Companys multi-branded sales and marketing strategy enables our three sales subsidiaries to act as complete single-source information technology(IT)suppliers to key customer

6、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 medium-to-large enterprises.In all segments,we work closely