PC Connection To Report Loss, Staff Cuts

Posted on by Chief Marketer Staff

PC Connection will report a net loss of 2.7 million for fourth-quarter 2008, as well as net income of $10.4 million for the year, when it releases its full financial figures.

According to a release accompanying its preliminary numbers, the company experienced further declines in sales in January and February 2009, and management expects first quarter revenues to decline by at least 20% from the prior year quarter. PC Connection reacted to these shortfalls with a number of cost-reduction activities, including a workforce reduction of approximately 6%. Its first-quarter results will include $600,000 in costs related to severance pay.

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