PC Connection: Reports Q2 beat and strong margins

PC Connection

02/08/2019 16:40

** Shares of technology solutions provider PC Connection
 CNXN.O  rise 14.7% to $37.38
    ** CNXN reports Q2 profit and sales ahead of estimates,
helped by strong growth in sales of desktops, servers, storage,
and software products  urn:newsml:reuters.com:*:nBw8v5MSha
    ** Q2 gross margin increases by 201 basis points to 19.5%
due to improved hardware margins and increased sales of
cloud-based and security software
    ** Notebook, mobility sales, the company's largest product
category, increased by 14%, while desktop sales increased by 20%
    ** Stock has gained ~27% this year

 (Reporting by Karina Dsouza in Bengaluru)
 ((Karina.Dsouza@thomsonreuters.com))