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): October 27, 2005

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 and Item 7.01. Results of Operations and Financial Condition and Regulation FD Disclosure

On October 27, 2005, Programmer's Paradise, Inc. issued a press release announcing its financial results for the third quarter ended September 30, 2005. 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 2.02, "Results of Operations and Financial Condition" and Item 7.01, "Regulation FD Disclosure."

Item 9.01. Financial Statements and Exhibits.

(d)	Exhibits.
	99.1	Press Release dated October 27, 2005, furnished pursuant to Item 2.02 and Item 7.01

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: October 28, 2005	By:	/s/ William H. Willett
		William H. Willett
		Chairman of the Board, President and Chief
		Executive Officer

Index to Exhibits

Exhibit No.	Description
99.1	Press Release dated October 27, 2005, furnished pursuant to Item 2.02 and Item 7.01

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 PARADISE, INC. REPORTS 2005 THIRD QUARTER
FINANCIAL RESULTS

THIRD QUARTER SALES INCREASE 32% INCOME FROM OPERATIONS INCREASES 52%

SHREWSBURY, NJ, October 27, 2005 - Programmer's Paradise, Inc. (NASDAQ: PROG) today reported financial results for the third quarter ended September 30, 2005. The results will be discussed in a conference call to be held on Friday, October 28, 2005 at 10:00 AM Eastern time. The dial-in telephone number is (866) 814-8476 and the pass code is PROG.

Net sales for the quarter ending September 30, 2005 were $35.5 million compared with $26.8 million in the third quarter of 2004, a 32% increase. "This solid performance is the result of improved productivity of our account executive team including our sales office in Long Island which opened last quarter," said William H. Willett, Chairman and Chief Executive Officer.

Income from operations for the quarter ending September 30, 2005 was $0.9 million compared with $0.6 million in the third quarter of 2004 or an increase of 52%.

Programmer's Paradise, Inc. (NASDAQ: PROG) was founded in 1982 and is an award-winning marketer of technical software and hardware. When it comes to software, Programmer's Paradise has it all. Programmer's Paradise is one of the most recognizable and memorable brands in developer marketing. Our experienced account executives are key in our strategy. We offer our customers customized extranets, consultancy services, and flexible financing, as well as same day shipping.

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. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in our filings with the Securities and Exchange Commission.

- Tables Follow -

PROGRAMMER'S PARADISE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)
	September 30, 2005 (Unaudited)	December 31, 2004
ASSETS
Current assets
Cash and cash equivalents	$4,609		$4,888
Marketable securities	7,911		6,595
Accounts receivable, net	17,586		14,173
Inventory - finished goods	1,263		1,423
Prepaid expenses and other current assets	450		673
Deferred income taxes, current	1,738		1,423
Total current assets	33,557		29,175
Equipment and leasehold improvements, net	442		303
Other assets	465		581
Deferred income taxes, net of current	2,053		2,855
Total assets	$ 36,517		$ 32,914
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued expenses	$ 19,082		$ 15,994
Dividend payable	480		425
Total current liabilities	19,562		16,419
Commitments and contingencies
Stockholders' equity
Common stock, $.01 par value; authorized, 10,000,000 shares; issued 5,284,500 shares	53		53
Additional paid-in capital	31,468		32,642
Treasury stock, at cost, 1,289,665 shares and 1,418,090 shares, respectively	(3,620)		(4,130)
Accumulated deficit	(11,135)		(12,223)
Accumulated other comprehensive income	189		153
Total stockholders' equity	16,955		16,495
Total liabilities and stockholders' equity	$ 36,517		$ 32,914

PROGRAMMER'S PARADISE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited)
(In thousands, except per share data)
	Nine months		Three months
	ended		ended
	September 30,		September 30,
	2005	2004	2005	2004
Net sales	$95,692	$72,560	$ 35,471	$ 26,788
Cost of sales	85,016	63,677	31,594	23,574
Gross profit	10,676	8,883	3,877	3,214
Selling, general and administrative expenses	9,064	7,359	2,956	2,607
Income from operations	1,612	1,524	921	607
Interest income, net	218	87	79	34
Realized foreign exchange gain (loss)	(14)	4	10	32
Income before income tax provision	1,816	1,615	1,010	673
Provision for income taxes	728	104	407	47
Net income	$ 1,088	$ 1,511	$ 603	$ 626
Net income per common share  - Basic	$ 0.27	$ 0.40	$ 0.15	$ 0.16
Net income per common share - Diluted	$ 0.25	$ 0.37	$ 0.14	$ 0.15
Weighted average common shares outstanding - Basic	3,969	3,819	3,994	3,834
Weighted average common shares outstanding -  Diluted	4,391	4,071	4,339	4,189
Reconciliation to comprehensive income:
Net income	$ 1,088	$ 1,511	$ 603	$ 626
Other comprehensive income (loss), net of tax: Unrealized gain (loss) on marketable securities	14	(22)	8	14
Foreign currency translation adjustments	22	26	55	76
Total comprehensive income	$ 1,124	$1,515	$ 666	$716