8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

____________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 31, 2003

                         Programmer's Paradise, Inc.                        
(Exact name of Registrant as specified in its charter)

Delaware	000-26408	13-3136104
(State of Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number	Identification No.)

1157 Shrewsbury Avenue, Shrewsbury, New Jersey	07702
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (732) 389-8950 

Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits

(c)      Exhibits

99.1    Press Release dated July 31, 2003 announcing 2003 second

           quarter financial results.

Item 9 and Item 12. Regulation FD Disclosure and Results of Operations and Financial Condition

On July 31, 2003, Programmer's Paradise, Inc. issued a press release announcing its 2003 second quarter financial results. The information contained in the press release, which is attached as Exhibit 99.1 to this report, is incorporated by reference herein and is furnished pursuant to Item 9, "Regulation FD Disclosure" and Item 12, "Results of Operations and Financial Condition."

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PROGRAMMER'S PARADISE, INC.
Dated: July 31, 2003	By:	/s/ Simon F. Nynens
		Simon F. Nynens
		Chief Financial Officer

Index to Exhibits

Exhibit No.	Description
99.1	Press Release dated July 31, 2003 announcing 2003 second quarter financial results.

EX-99

Exhibit 99.1

Company Contact:

Bill Willett

Programmer's ParadiseÒ , Inc.

Chairman and Chief Executive Officer

(732)-389-8950

bill.willett@programmers.com

PROGRAMMER'S PARADISEÒ , INC. REPORTS 2003 SECOND QUARTER

FINANCIAL RESULTS

SHREWSBURY, NJ, July 31, 2003 - Programmer's ParadiseÒ , Inc. (NASDAQ: PROG) today reported financial results for the second quarter ended June 30, 2003. The results will be discussed in a conference call to be held on Friday, August 1, 2003 at 10:00 AM Eastern time. The dial-in telephone number is (303) 224-6997 and the pass code is "PROG".

Revenue for the quarter ended June 30, 2003 was $16.1 million compared with $16.9 million for the quarter ended June 30, 2002. The decrease in year-over-year sales reflects the continued difficult IT spending environment. However, sales increased 6% over the immediately preceding quarter.

Bill Willett, Chairman and Chief Executive Officer, stated, "We continue to focus on sales productivity and expense control, and as a result we have had a profitable quarter."

Earnings per share for the quarter were $.05.

Programmer's Paradise, Inc. is a marketer of technical software and hardware for microcomputers, servers and networks in the United States and Canada. Programmer's Paradise offers a wide variety of technical and general business application software, PC hardware and components from a broad range of publishers and manufacturers. Additional information can be found by visiting www.programmersparadise.com.

Contact Programmer's Paradise, Inc. via Bill Willett, CEO of Programmer's Paradise, Inc. at (732) 389-8950 or bill.willett@programmers.com.

The statements in this release concerning the Company's future prospects are forward-looking statements that involve certain risks and uncertainties. Such risks and uncertainties include the continued acceptance of the Company's distribution channel by vendors and customers, the timely availability and acceptance of new products, and contribution of key vendor relationships and support programs.

- Tables Follow -

PROGRAMMER'S PARADISE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)
	June 30, 2003 (Unaudited)		December 31, 2002 (Audited)
ASSETS
Current assets   Cash and cash equivalents   Marketable Securities   Accounts receivable, net   Inventory - finished goods   Prepaid expenses and other current assets Total current assets Equipment and leasehold improvements, net Other assets Total assets	$3,505 7,458 5,953 987        130 18,033  361          59 $18,453 ======		$6,072 5,110 6,342 1,151        264 18,939 460          69 $19,468 ======
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities   Accounts payable and accrued expenses   Dividend payable Total current liabilities Commitments and contingencies Stockholders' equity   Common stock, $.01 par value; authorized,     10,000,000 shares; issued 5,250,250 shares    and 5,230,250 shares, respectively  Additional paid-in capital  Treasury stock, at cost, 1,560,645 shares and    1,389,576 shares, respectively  Accumulated deficit  Accumulated other comprehensive income (loss) Total stockholders' equity Total liabilities and stockholders' equity	$ 6,990       369 7,359 53 34,785 (4,556) (19,267)          79   11,094 $18,453 ======	$ 7,772             - -     7,772 52 35,484 (4,184) (19,511)      (145)   11,696 $19,468 ======

PROGRAMMER'S PARADISE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited)
(In thousands, except per share data)
	Six months ended		Three months ended
	June 30,		June 30,
	2003	2002	2003	2002
Net sales Cost of sales Gross profit Selling, general and administrative expenses Income from operations Interest income, net Realized foreign exchange gain (loss) Income before income taxes Provision (benefit) for income taxes Net income Net income per common share - Basic Net income per common share - Diluted Weighted average number of common shares outstanding Basic Diluted Reconciliation of net income to comprehensive income): Net income Other comprehensive income, net of tax:   Unrealized gain on available-for-sale     securities   Foreign currency translation adjustments Total comprehensive income	$31,249   27,138 4,111    3,939 172 50        80 302        58 $   244 ===== $  0.07 ===== $  0.06 ===== 3,736 ===== 3,802 ===== $ 244 14   210 $ 468 ====	$34,473  29,953 4,520   4,366 154 130       (7) 277    (252) $529 ===== $0.11 ===== $0.11 ===== 4,852 ===== 4,861 ===== $529 100   394 $1,023 =====	$16,051  13,928 2,123  1,961 162 19      58 239      36 $ 203 ==== $ 0.05 ==== $ 0.05 ===== 3,727 ===== 3,792 ===== $ 203 19     86 $ 308 ====	$16,926  14,678 2,248  2,197 51 78        2 131 (300) $ 431 ==== $ 0.09 ===== $ 0.09 ===== 4,784 ===== 4,794 ===== $ 431 100   437 $ 968 ====