Baltimore Ravens Install High Density Wi-Fi at M&T Bank Stadium with Extreme Networks and PCM
Aug 5 15
Extreme Networks Inc. and PCM Inc. announced a strategic relationship with the Baltimore Ravens of the National Football League to implement Extreme Networks' Wi-Fi connectivity at M&T Bank Stadium. The project, which will be completed by the 2015 season kickoff, showcases the Ravens' efforts to provide a high density Wi-Fi network outfitted with Extreme Networks' end-to-end wireless solution. To support the new network, the Ravens will build a new main distribution frame (MDF) in the stadium and will deploy approximately 800 Extreme Networks' Wi-Fi Access Points (APs). The project includes a full wired, wireless and management software networking solution from Extreme Networks in the data center built by PCM. PCM designed the Wi-Fi coverage model, working alongside the Ravens and Extreme Networks, and will deploy the infrastructure technology components to the unique specification required for M&T Bank Stadium. As in other NFL venues, Extreme Networks and YinzCam have teamed together to provide a fully integrated Ravens mobile application. Extreme Networks and PCM will install a high-density Extreme Networks Wi-Fi solution to provide free Wi-Fi access to fans and guests visiting M&T Bank Stadium. The Baltimore Ravens' mobile application is available to download for video, news, photos, replays, multiple camera angles, NFL Red Zone, statistics, stadium guides and more. The Extreme Networks' Wi-Fi solution is designed to allow fans at M&T Bank Stadium, which has a seating capacity of over 71,000, the bandwidth to concurrently access and use multimedia applications without interruption. PCM's Sports & Entertainment Group is implementing the high-density wireless solution as well as all supporting cabling plant infrastructure and technology. The Extreme Networks solution will power a dedicated social hub and moderated social feed that will display relevant content from Instagram and Twitter.
PCM, Inc. Presents at 35th Annual Canaccord Genuity Growth Conference, Aug-12-2015 05:00 PM
Aug 4 15
PCM, Inc. Presents at 35th Annual Canaccord Genuity Growth Conference, Aug-12-2015 05:00 PM. Venue: InterContinental Boston, 510 Atlantic Avenue, Boston, MA 02210, United States. Speakers: Brandon H. LaVerne, Chief Financial Officer, Chief Accounting Officer, Treasurer and Assistant Secretary.
PCM, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Announces Write-Off of Work-In-Process Software
Jul 29 15
PCM, Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $478,871,000 against $334,991,000 a year ago. Operating income was $850,000 compared with $3,881,000 a year ago. Loss from continuing operations before income taxes was $22,000 compared to income from continuing operations before income taxes was $3,131,000 a year ago. Income from continuing operations was $175,000 or $0.01 per diluted share compared to $1,844,000 or $0.14 per diluted share a year ago. Net income was $249,000 or $0.02 per diluted share compared to $1,146,000 or $0.09 per diluted share a year ago. EBITDA was $4,066,000 compared to $6,592,000 a year ago. Adjusted EBITDA was $9,462,000 compared with $6,676,000 a year ago. Non-GAAP consolidated income from continuing operations was $3,258,000 compared with $1,893,000 a year ago. Non-GAAP diluted EPS was $0.26 compared with $0.15 a year ago. Consolidated net sales increased $143.9 million or 43%, driven primarily by the addition of En Pointe, which it acquired at the beginning of the quarter and a 2% increase in the legacy business as well.
For the six months, the company reported net sales of $774,830,000 against 660,328,000 a year ago. Operating loss of $4,357,000 compared with operating income was $10,009,000 a year ago. Loss from continuing operations before income taxes was $6,000,000 compared to income from continuing operations before income taxes was $8,316,000 a year ago. Loss from continuing operations was $3,349,000 or $0.27 per diluted share compared to income from continuing operations was $4,878,000 or $0.38 per diluted share a year ago. Net loss of $3,306,000 or $0.27 per diluted share compared to net income of $4,033,000 or $0.31 per diluted share a year ago. EBITDA was $1,558,000 compared to $15,293,000 a year ago. Adjusted EBITDA was $8,032,000 compared with $15,544,000 a year ago. Non-GAAP consolidated income from continuing operations was $368,000 compared with $5,025,000 a year ago. Non-GAAP diluted EPS was $0.03 compared with $0.39 a year ago. Net cash used in operating activities was $3,835,000 compared with net cash provided by operating activities was $61,554,000 a year ago. The company invested in capital expenditure during the six months ended June 30, 2015, totaling $17.2 million compared to capital expenditure last year of $18.4 million. Capital expenditures for the 6 months ended June 30, 2015, includes the purchase of real property in Irvine, California for $5.8 million and those in Ohio for $6 million, as well as expenditures related to investments in its IT infrastructure and ERP systems.
The company expects strong growth in the top and bottom line again for the third quarter of 2015. The company expects adjusted EPS to be in the range of $0.13 to $0.17 per share in the third quarter and to exceed $1 per share for the twelve month period beginning in the second quarter of 2015. The company believe that PCM is better positioned than ever, and its laser focused on driving shareholder value well above.
The company announced that the second quarter consolidated SG&A expenses includes a $3.3 million write-off of work-in-process software related to a CRM system, which it had bandoned in favor of En Pointe's production CRM system .