<Page>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q
                   QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                                   (Mark One)
    [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934
                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2001

                                       OR
     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

   For the transition period from __________________ to _____________________

                        Commission file number 000-21561

                                   MCSi, INC.
    (Exact name of registrant as specified in its articles of incorporation)

                 MARYLAND                           31-1001529
     (State or other jurisdiction of             (I.R.S. Employer
      incorporation or organization)            Identification No.)

               4750 HEMPSTEAD STATION DRIVE, DAYTON, OHIO 45429
                  (Address of principal executive offices)

                               (937) 291-8282
            (Registrant's telephone number, including area code)

         Indicate by check whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) had been subject to such
filing requirements for the past 90 days.

                               Yes __X__      No ____

         At November 9, 2001, 17,019,467 shares of common stock, no par value
per share, of the registrant were outstanding.


<Page>

                                       MCSi, INC.

                                       FORM 10-Q
                             QUARTER ENDED SEPTEMBER 30, 2001

                                        INDEX

<Table>
<Caption>

PART I - FINANCIAL INFORMATION                                                      PAGE
<S>                                                                                 <C>
Item 1.  Unaudited Financial Statements:
  Consolidated Balance Sheet ........................................................ 3

  Consolidated Statement of Operations .............................................. 4

  Consolidated Statement of Cash Flows .............................................. 5

  Notes to Unaudited Consolidated Financial Statements.............................. 6-7


Item 2.  Management's Discussion and Analysis of
 Results of Operations and Financial Condition....................................... 8-11


Item 3.  Quantitative and Qualitative Disclosures About Market Risk ................. 12


PART II - OTHER INFORMATION
Item 1.  Legal Proceedings........................................................... 13

Item 2.  Changes in Securities....................................................... 13

Item 3.  Default Upon Senior Securities.............................................. 13

Item 4.  Submission of Matters to a Vote of Security Holders ........................ 13

Item 5.  Other Information .......................................................... 13

Item 6.  Exhibits and Reports on Form 8-K ........................................... 13

Signatures........................................................................... 14

</Table>



As used in this report on Form 10-Q unless the context otherwise requires, the
terms "we", "us" or the "Company" and "MCSi" refer to MCSi, Inc., a Maryland
corporation and its consolidated subsidiaries.


2
<Page>

PART I - FINANCIAL INFORMATION
ITEM 1.  FINANCIAL STATEMENTS
                                                    MCSi, INC.
                                            CONSOLIDATED BALANCE SHEET
                                                    (UNAUDITED)
                                              (Dollars in thousands)

<Table>
<Caption>
                                                                      September 30,    December 31,
                             ASSETS                                       2001             2000
                                                                          ----             ----
<S>                                                                    <C>              <C>
 Current assets:
      Cash and cash equivalents ................................       $   7,281        $   4,273
      Accounts receivable ......................................         160,460          156,821
      Inventories ..............................................          82,629           80,285
      Prepaid expenses .........................................           1,400            1,442
      Deferred income taxes ....................................           1,747            1,747
                                                                       ---------        ---------
          Total current assets .................................         253,517          244,568
 Property and equipment - net of accumulated
          depreciation .........................................          47,894           44,147
 Intangible assets - net of accumulated  amortization ..........         160,649          156,410
 Equity investment in affiliate ................................          26,107           27,205
 Other assets ..................................................           1,839            2,153
                                                                       ---------        ---------
          Total assets .........................................       $ 490,006        $ 474,483
                                                                       =========        =========

               LIABILITIES AND STOCKHOLDERS' EQUITY
 Current liabilities:
   Accounts payable - trade ....................................       $  70,270        $  78,658
   Accrued expenses, taxes and customer deposits ...............          17,348           18,168
 Short-term debt ...............................................           4,967           38,216
                                                                       ---------        ---------
          Total current liabilities ............................          92,585          135,042
 Long-term debt ................................................         166,536          166,326
 Deferred income taxes .........................................          12,307           12,307
                                                                       ---------        ---------
          Total liabilities ....................................         271,428          313,675
                                                                       ---------        ---------

Commitments and contingencies ..................................              --               --

Stockholders' equity:
   Preferred stock, no par value; 5,000,000 shares
        authorized, none outstanding ...........................              --               --

   Common stock, no par value;  30,000,000 shares
       authorized, 17,387,468 and 12,723,598 shares
         outstanding  at September 30, 2001 and
         December 31, 2000, respectively .......................              --               --
    Additional paid-in capital .................................         176,963          126,765
    Retained earnings ...........................................         50,920           38,638
    Cumulative other comprehensive income (loss) ................         (1,503)            (485)
    Treasury stock, at cost (403,309 and 161,289 shares
       at September 30, 2001 and December 31, 2000 respectively)          (7,802)          (4,110)
                                                                       ---------        ---------
          Total stockholders' equity ...........................         218,578          160,808
                                                                       ---------        ---------
            Total liabilities and stockholders' equity .........       $ 490,006        $ 474,483
                                                                       =========        =========
</Table>


The accompanying notes are an integral part of these unaudited consolidated
financial statements.

3
<Page>
                                   MCSi, INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS
                                   (UNAUDITED)
                  (Dollars in thousands, except per share data)

<Table>
<Caption>
                                                  THREE MONTHS ENDED                        NINE MONTHS ENDED
                                                     SEPTEMBER 30,                            SEPTEMBER 30,
                                                -------------------------              --------------------------
                                                2001                 2000              2001                  2000
<S>                                        <C>                 <C>                 <C>                 <C>
 Net sales .........................       $    237,157        $    223,152        $    703,856        $    662,729
 Cost of sales .....................            171,599             170,594             515,197             514,230
                                           ------------        ------------        ------------        ------------

 Gross profit ......................             65,558              52,558             188,659             148,499

 Selling, general and administrative
      expenses .....................             52,985              42,146             152,576             118,934
                                           ------------        ------------        ------------        ------------

 Operating income ..................             12,573              10,412              36,083              29,565
 Interest expense ..................             (4,087)             (3,745)            (13,903)            (10,925)
 Other income ......................                181                  12                 172                 515
 Equity in losses of affiliate ....                (717)               (170)             (1,085)                (68)
                                           ------------        ------------        ------------        -------------

 Income before income taxes ........              7,950               6,509              21,267              19,087
 Provision for income taxes ........              3,418               2,799               8,985               8,158
                                           ------------        ------------        ------------        -------------

 Net income ........................       $      4,532        $      3,710        $     12,282        $     10,929
                                           ============        ============        ============        =============

 Earnings per share of common stock-
     basic .........................              $0.32               $0.29               $0.94               $0.87
                                           ============        ============        ============        =============

 Earnings per share of common stock-
      diluted ......................              $0.32               $0.29               $0.93               $0.85
                                           ============        ============        ============        =============

Weighted average number of common
   shares outstanding-basic ........         14,315,258          12,356,941          13,086,626          12,268,711
                                           ============        ============        ============        =============

Weighted average number of common
  shares outstanding-diluted .......         14,383,812          12,684,579          13,147,843          12,594,439
                                           ============        ============        ============        ============
</Table>


The accompanying notes are an integral part of these unaudited consolidated
financial statements.


4
<Page>
                                   MCSi, INC.
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (UNAUDITED)
                             (Dollars in thousands)

<Table>
<Caption>
                                                                                NINE MONTHS ENDED
                                                                                   SEPTEMBER 30,
                                                                               ----------------------
                                                                               2001              2000
                                                                               ----              ----
<S>                                                                          <C>             <C>
Cash flows from operating activities:
  Net income .........................................................       $ 12,282        $ 10,929
  Adjustments to reconcile net income to cash provided by operating
    activities:
    Depreciation and amortization ....................................         10,297           7,434
    Other non-cash items .............................................          1,094            (264)
    Changes in assets and liabilities, net of effects of business
    combinations:
      Accounts receivable ............................................         (3,639)        (48,430)
      Inventories ....................................................         (5,317)             19
      Prepaid expenses and other assets ..............................         (1,419)           (626)
      Accounts payable - trade .......................................         (8,388)         20,659
      Accrued expenses, taxes and customer deposits ..................           (556)          1,745
                                                                            ---------         ---------
      Cash provided by (used in)  operating activities ...............          4,354          (8,534)
                                                                            ---------         ----------


Cash flows from investing activities:
    Capital expenditures .............................................         (9,093)         (7,810)
    Cash paid for equity investment ..................................             --          (2,593)
    Net  proceeds from cash surrender value of
      insurance policies .............................................            293           1,845
    Business combinations ............................................         (4,994)        (13,815)
    Cash included in acquisitions ....................................             --           1,293
    Proceeds from sale of Azerty wholesale division ..................             --          30,449
                                                                            ---------         ---------
    Cash (used in) provided by investing activities ..................        (13,794)          9,369
                                                                            ---------         ---------


Cash flows from financing activities:
   Purchase of treasury shares .......................................         (4,356)         (7,648)
   Proceeds from sale of common stock ................................         50,861           1,249
   Net changes in debt ...............................................        (33,039)          4,039
                                                                            ----------        ---------
   Cash provided by (used in)  financing activities ..................         13,466          (2,360)
                                                                            ----------        ---------

  Effect of exchange rates on cash ...................................         (1,018)         (1,025)
                                                                            ----------        ---------
   Net increase (decrease) in cash and cash equivalents ..............          3,008          (2,550)
   Cash and cash equivalents - beginning of period ...................          4,273           5,135
                                                                             --------        ----------
   Cash and cash equivalents - end of period .........................       $  7,281        $  2,585
                                                                             =========       ===========
</Table>


The accompanying notes are an integral part of these unaudited consolidated
financial statements.


5
<Page>
                                   MCSi, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                  (Dollars in thousands, except per share data)
NOTE 1 - GENERAL

         The accompanying unaudited consolidated financial statements have been
prepared in accordance with Rule 10-01 of SEC Regulation S-X. Consequently, they
do not include all the disclosures required under generally accepted accounting
principles for complete financial statements. However, in the opinion of the
management of MCSi, Inc. (the "Company"), the consolidated financial statements
presented herein contain all adjustments (consisting only of normal recurring
adjustments) necessary to present fairly the financial position, results of
operations and cash flows of the Company and its consolidated subsidiaries. For
further information regarding the Company's accounting policies and the basis of
presentation of the financial statements, refer to the consolidated financial
statements and notes included in the Company's Annual Report on Form 10-K for
the year ended December 31, 2000 (the "Annual Report"). The results of the
Company's operations for the interim periods presented are not necessarily
indicative of the operating results for the full fiscal year or any future
interim periods.

NOTE 2 - ACQUISITIONS

         As disclosed in the Annual Report, the Company has been involved in an
active acquisition program. Results of operations for the nine months ended
September 30, 2001 include the impact of significant entities acquired during
2000, which are not included in the results of operations for the nine months
ended September 30, 2000. The following pro forma information illustrates the
effect of these 2000 acquisitions made during fiscal 2000 assuming they had
occurred on January 1, 2000.

<Table>
<Caption>
                                                                       Nine months ended
                                                                      September 30, 2000
                                                                      ------------------
<S>                                                                   <C>
 Net sales  . . . . . . . . . . . . . . . . . . . . . . . .                  $777,311

 Net income (loss). . . . . . . . . . . . . . . . . . . . .                  $(10,385)

 Basic earnings (loss) per share. . . . . . . . . . . . . .                    $(0.85)

 Diluted earnings (loss) per share .. . . . . . . . . . . .                    $(0.85)
</Table>

         The pro forma statement of operations data reflects the effects of
the purchase price allocation and the resultant amortization and additional
interest expense associated with the cash used to fund the acquisitions,
along with other adjustments directly attributable to the transactions. The
pro forma data reflects adjustments directly related to the acquisitions and
does not include adjustments that may arise as a consequence of the
acquisitions, such as cost savings, improved efficiencies, etc. Therefore,
the pro forma data is not necessarily indicative of operating results that
would have occurred for the nine month period ended September 30, 2000, or in
future periods, had the acquisitions actually occurred on January 1, 2000.
The pro forma loss results from the inclusion of a pro forma loss
of $21,314 for the Intellisys business, which was purchased out of
bankruptcy. The Company acquired specified assets and liabilities of
Intellisys on December 29, 2000 and has significantly reduced employment
levels for this business and has integrated it into its own administrative
structure. The financial impact of these changes, which includes a reduction
in revenue over prior year amounts and enhanced profitability, are not
included in the pro forma results.

NOTE 3 - COMPREHENSIVE INCOME

         Comprehensive income was $3,829 and $3,381 for the three months ended
September 30, 2001 and 2000, respectively and $11,264 and $9,848 for the nine
months ended September 30, 2001 and 2000, respectively.

NOTE 4 - SALE OF COMMON STOCK

         On August 20, 2001, the Company completed a secondary offering of
4,000,000 shares of common stock (and the underwriters' overallotment
option of 600,000 shares was exercised and completed on September 7, 2001) to
the public at $11.50 per share. Total net proceeds to the Company were $49.7
million and were used to repay outstanding indebtness under the Company's
borrowing arrangements and to finance working capital requirements.

NOTE 5 - COMMITMENTS AND CONTINGENCIES

         In addition to the information set forth in the Company's Annual
Report for the year ended December 31, 2000 concerning certain pending
litigation, the Company was named as a defendant in the lawsuit Brown v.
Peppel, Savarino, Liberati, Snider, Hutchison, Hopple, MCSi, Inc. and
Zengine, Inc., filed October 11, 2001 in the Court of Chancery of the State
of Delaware in and for New Castle County, Civil Action No. 19153-NC.; Buenger
v. Peppel, Savarino, Hutchison, Snider, Hopple, Liberati, Zengine, Inc. and
MCSi, Inc., filed October 5, 2001 in the Court of Chancery of the State of
Delaware in and for New Castle County, Civil Action No. 19156-NC; and Creque
v. Peppel, Savarino, Hutchison, Liberati, Snider, Hopple, Zengine, Inc. and
MCSi, Inc., filed October 15, 2001 in the Court of Chancery of the State of
Delaware in and for New Castle County, Civil Action No. 19188-NC. The Company
intends to defend each lawsuit vigorously and believes that none of the
actions have merit. All of such lawsuits are in the preliminary,
pre-discovery stages. The Company is also involved in routine legal
proceedings occurring in the ordinary course of business, which, in the
aggregate, are believed by management to be immaterial.

6
<Page>


                                   MCSi, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                  (Dollars in thousands, except per share data)

NOTE 6 - NEW ACCOUNTING PRONOUNCEMENTS

         On June 29, 2001, the Financial Accounting Standards Board ("FASB")
issued Statement of Financial Accounting Standards No. 141, "Business
Combinations" ("SFAS 141") and Statement of Financial Accounting Standards No.
142, "Goodwill and Other Intangible Assets" ("SFAS 142").

         SFAS 141, which revises APB Opinion No. 16, "Business Combinations" and
Statement of Financial Accounting Standards No. 38, "Accounting for
Preacquisition Contingencies of Purchased Enterprises," requires that all
business combinations entered into after the effective date of July 1, 2001 be
accounted for by the purchase method, defines criteria for recognition of
intangible assets apart from goodwill, and further defines disclosure
requirements for business combinations. The Company is currently evaluating the
impact of the adoption of SFAS 141.

         SFAS 142, which replaces APB Opinion No. 17, "Intangible Assets,"
defines new accounting treatment for goodwill and other intangible assets. This
standard eliminates the amortization of goodwill and other intangible assets
that have indefinite lives, establishes a requirement that goodwill and
intangible assets with indefinite lives be tested annually for impairment,
provides specific guidance on such testing, and requires disclosures of
information about goodwill and other intangible assets in the years subsequent
to their acquisition that was not previously required. SFAS 142 is effective for
fiscal years beginning after December 15, 2001; however, consistent with the
requirements of the standard, goodwill and intangible assets acquired after June
30, 2001 will be immediately subject to the new provisions. The Company is
currently evaluating the impact of the adoption of SFAS 142. In addition, an
impairment analysis will be conducted during the first quarter of 2002. Any
necessary write-down will be taken at that time and will be reported as a change
in accounting principle.

         There are no other recently issued accounting pronouncements that
are expected to have a material impact on the Company's financial position or
results of operations.

7
<Page>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

         The following discussion should be read in conjunction with the
information contained in the unaudited consolidated financial statements and
notes to the unaudited consolidated financial statements. The following
information contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 (the "Act") and is subject to
the safe harbor created by that Act. The words "estimate," "project,"
"anticipate," "expect," "intend," "believe," "plans" and similar expressions are
intended to identify forward-looking statements. Because such forward-looking
statements involve risks and uncertainties, there are important factors that
could cause actual results to differ materially from those expressed or implied
by such forward-looking statements. Factors that could cause actual results to
differ materially include, but are not limited to, changes in general economic
and business conditions, the availability of capital on acceptable terms,
actions of our lenders, competitors and key suppliers, risks inherent in
acquiring, integrating and operating new businesses, our capital structure,
exchange rate fluctuations, the regulatory and trade environment (both domestic
and foreign), and changes in business strategies and other factors as discussed
in Exhibit 99 hereto.

OVERVIEW

         We are a provider of integrated technical services and audio-visual
presentation, broadcast and computer technology products. The convergence of
audio, data and visual communications and computer network systems has created
the need for sophisticated providers of these products with the ability to
design, source, install and service complex systems. We believe that we are one
of the country's leading computer technology product resellers and designers and
integrators of custom configured and integrated audio, video and data display,
broadcasting, conferencing and networking systems. These systems are designed
for use in board and conference rooms, lecture halls, theaters, command and
control centers, museums, churches, professional broadcast facilities and
streaming network facilities. Our 118 offices throughout the United States and
Canada allow us to provide consistent products and services for projects of
local, regional and national scope.

         Our competitive strengths include; (i) our highly skilled direct sales
specialists that sell nationally known audio-visual presentation, broadcast,
professional video, computer technology, multimedia conferencing and networking
products; (ii) our technical service specialists that design, install and
service sophisticated systems; (iii) our strong relationship with over 500
original equipment manufacturers, including Hewlett-Packard, Sharp Electronics,
NEC, InFocus, Proxima, Lexmark, Sony, Extron and Epson; (iv) our selection of
more than 75,000 different products: presentation products, including projectors
and electronic whiteboards; broadcast and pro-video products, including high
definition and digital broadcast equipment; and computer technology products,
including printers, computers and accessories; (v) our long-standing
relationships with more than 50,000 active customers, which include small to
medium sized businesses as well as large corporations, governments and
educational institutions and; (vi) the growing demand for complex integration
projects from blue-chip clients, such as Boeing, Hewlett-Packard, McDonald's,
Microsoft, Pfizer and AOL/Time-Warner.

         Although we have sold audio-visual and computer technology products
from our inception, we began to focus on the integration services related to
those products in 1998 when we acquired Electronic Image Systems, Inc. Since
that time, we have grown the integration services portion of our business both
internally and by acquisition, the most recent of which was the acquisition of
certain assets from, and the hiring of 320 people formerly associated with, the
bankrupt estate of the Intellisys Group, Inc. in December 2000. We believe that
our integration services business provides better margins than our audio-visual
and computer technology products business at the present time and expect that
portion of our business to grow in the near term, subject to the factors set
forth herein.

         We intend to continue the tactical implementation of our business plan
and continue to leverage and grow as a leading provider of convergent products
and services in multiple market spaces. The focused emphasis of the sales,
engineering and support personnel is the delivery of comprehensive multi-vendor
solutions to more than 50,000 active clients. We intend to continue our vigorous
expansion over the next few quarters through internal growth, strategic mergers
and alliances with industry "partners" and by hiring certain experienced sales
representatives in and outside of our current market areas (some of whom may be
constrained from working in their present locations for a period of time).
There can be no assurance that any acquisition can or will be consummated on
terms favorable to us or that we will not need additional debt or equity
financing to continue our growth strategy.

         On August 1, 2001, we announced that a Special Committee of the Board
of Directors recommended to the Board, and the Board approved, the rejection of
all the proposals by several private equity groups to acquire the Company. The
Board approved a public offering to sell 4.0 million shares of Common Stock
(with an option to the underwriters to purchase an additional 600,000 shares to
cover overallotments). This offering was completed on August 20, 2001 and the
overallotment option was exercised on September 7, 2001. The offering
generated aggregate net proceeds of $49.7 million, which were used to pay
down debt of the Company and finance working capital requirements. In
addition, in the normal course of business, the Board continues to review
other financing options which are presented to it from time to time.

8
<Page>

THREE MONTHS ENDED SEPTEMBER 30, 2001 COMPARED TO THREE MONTHS ENDED SEPTEMBER
30, 2000

         NET SALES. Net sales for the three months ended September 30, 2001
increased by $14.0 million, or 6.3%, to $237.2 million from $223.2 million
for the three months ended September 30, 2000. The net sales increase was
primarily the result of an increase in audio-visual systems integration
project sales. Sales of computer technology products for the period were
flat. Sales returns and warranties were not material to our results of
operations.

         GROSS PROFIT. Gross profit for the three months ended September 30,
2001 increased by $13.0 million, or 24.7%, to $65.6 million from $52.6 million
for the three months ended September 30, 2000. Gross profit as a percentage of
net sales for the three months ended September 30, 2001 was 27.6% compared to
23.6% for the three months ended September 30, 2000. The increase in the gross
profit percentage was due primarily to the increase in audio-visual systems
integration project sales, which have higher gross profit percentage, as
compared to computer technology product sales.

         SELLING GENERAL AND ADMINISTRATIVE EXPENSES. Selling, general and
administrative expenses for the three months ended September 30, 2001 increased
by $10.9 million, to $53.0 million from $42.1 million for the three months ended
September 30, 2000. As a percentage of net sales, selling, general and
administrative expenses were 22.3% for the three months ended September 30, 2001
compared to 18.9% for the three months ended September 30, 2000. This increase
was due primarily to increased audio-visual integration system sales, which have
a higher percentage of selling, general and administrative expenses than
computer technology product sales and to the impact of acquisitions by the
Company completed after September 30, 2000.

         OPERATING INCOME. Operating income for the three months ended September
30, 2001 increased by $2.2 million to $12.6 million from $10.4 million for the
three months ended September 30, 2000, for the reasons stated above. Operating
margins were 5.3% for the three months ended September 30, 2001 compared to 4.7%
for the three months ended September 30, 2000.

         INTEREST EXPENSE. Interest expense for the three months ended September
30, 2001 increased to $4.1 million from $3.7 million for the three months ended
September 30, 2000 due primarily to the increased level of indebtedness incurred
during 2001 as compared to 2000, which was used primarily for business
combinations and working capital requirements.

         EQUITY IN LOSSES OF AFFILIATE. Equity in losses of our affiliate,
Zengine, Inc., have increased as a result of the drop in demand for outsourced
e-commerce platforms.

         PROVISION FOR INCOME TAXES. The provision for income taxes for the
three months ended September 30, 2001 increased $0.6 million to $3.4 million
from $2.8 million for the three months ended September 30, 2000 due to an
increase in pre-tax income. Our effective tax rate was 43.0% for the three
months ended September 30, 2001 and 43.0% for the three months ended
September 30, 2000.

NINE MONTHS ENDED SEPTEMBER 30, 2001 COMPARED TO NINE MONTHS ENDED SEPTEMBER 30,
2000

         NET SALES. Net sales for the nine months ended September 30, 2001
increased by $41.2 million, or 6.2%, to $703.9 million from $662.7 million
for the nine months ended September 30, 2000. After adjusting for the sale of
the Azerty Canada wholesale business, which occurred in July 2000, net sales
increased 16.0%. Sales of computer technology products for the period were
flat. Sales returns and warranties were not material to our results of
operations.

         GROSS PROFIT. Gross profit for the nine months ended September 30, 2001
increased by $40.2 million, or 27.1%, to $188.7 million from $148.5 million for
the nine months ended September 30, 2000. Gross profit as a percentage of net
sales for the nine months ended September 30, 2001 was 26.8% compared to 22.4%
for the nine months ended September 30, 2000. The increase in the gross profit
percentage was due primarily to the increase in audio-visual system projects
sales, which have a higher gross profit percentage, as compared to computer
technology product sales. Also favorably impacting gross margins was the sale
of the Azerty division, which yielded lower gross margins of approximately
10.0%.

         SELLING, GENERAL AND ADMINISTRATIVE EXPENSES. Selling, general and
administrative expenses for the nine months ended September 30, 2001 increased
by $33.7 million, to $152.6 million from $118.9 million for the nine months
ended September 30, 2000. As a percentage of net sales, selling, general and
administrative expenses were 21.7% for the nine months ended September 30, 2001
compared to 17.9% for the nine months ended September 30, 2000. This increase
was due primarily to increased audio-visual integration system sales, which have
a higher percentage of selling, general and administrative expenses than
computer technology product sales and to the impact of acquisitions by the
Company completed after September 30, 2000.

         OPERATING INCOME. Operating income for the nine months ended September
30, 2001 increased by $6.5 million to $36.1 million from $29.6 million for the
nine months ended September 30, 2000, for the reasons stated above. Operating
margins were 5.1% for the nine months ended September 30, 2001 compared to 4.5%
for the nine months ended September 30, 2000.

         INTEREST EXPENSE. Interest expense for the nine months ended September
30, 2001 increased to $13.9 million from $10.9 million for the nine months ended
September 30, 2000 due primarily to the increased level of indebtedness incurred
during 2001 as compared to 2000, which was used for business combinations and
working capital.

         EQUITY IN LOSSES OF AFFILIATE. Equity in losses of our affiliate,
Zengine, Inc., have increased as a result of the drop in demand for outsourced
e-commerce platforms.

9
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         PROVISION FOR INCOME TAXES. The provision for income taxes for the nine
months ended September 30, 2001 increased $0.8 million to $9.0 million from $8.2
million for the nine months ended September 30, 2000 due to an increase in
pre-tax income. The Company's effective tax rate was 42.2% for the nine months
ended September 30, 2001 as compared to 42.7% for the corresponding period of
the prior year. The decrease was primarily due to reduced international and
state taxes.

LIQUIDITY AND CAPITAL RESOURCES

         For the nine months ended September 30, 2001, net cash flows provided
by operating activities were $4.4 million. Net cash flows used in operating
activities were $8.5 million for the nine months ended September 30, 2000. Cash
flows provided by operations during the nine month period ended September 30,
2001 relate to the increase in net income and cash management practices.

         At September 30, 2001, our average days sales outstanding were 57 days
as compared to 52 days at September 30, 2000. The increase of our average days
sales outstanding is primarily the result of increased audio-visual integration
system project sales, which typically have longer collection cycles than product
sales. To date, based on past experience, management does not believe that the
increase in the average days sales outstanding exposes us to increased credit
risk, as the audio-visual integration system project sales are typically made to
large, credit worthy customers.

         Average inventory turnover on an annualized basis was nine times for
both the nine month periods ended September 30, 2001 and 2000.

         Accounts payable decreased $8.4 million for the nine month period
ended September 30, 2001. This decrease was, in part, attributable to taking
advantage of payment programs offered by vendors with the funds provided by
the secondary stock offering described below.

         Capital expenditures for the nine months ended September 30, 2001 were
$9.1 million. Funds were used primarily to upgrade and enhance our computer
systems and to purchase rental equipment.

         Cash flows provided by financing activities were $13.5 million for
the nine months ended September 30, 2001. Cash flows from financing activities
were primarily affected by $49.7 million in net proceeds from a secondary stock
offering which closed in the third quarter, offset by borrowings and repayments
of our credit facility and other loans used to purchase the assets of the
Intellisys business. The net reduction in debt was $33.0 million for the nine
months ended September 30, 2001.

         Throughout our history, we have funded our operations with a
combination of funds obtained from sales of our equity securities, bank loan
financing, and internally generated cash flow. At September 30, 2001, our
Canadian operations were financed with a long-term $16.3 million line of credit,
of which we had drawn $12.5 million. Our domestic operations were financed
primarily with a long-term line of credit (the "Credit Facility") financed by a
consortium of seven banks (the "Banks") totaling $160.0 million, of which we had
drawn $149.9 million.

         Additionally, we have utilized from time to time, short term expansions
of the Credit Facility, which totaled $21.0 million at June 30, 2001. This
Credit Facility expansion was repaid in full at September 30, 2001.

         Based on the foregoing, we believe that our operating cash flow and our
short and long term financing arrangements provide the financial resources and
liquidity required to continue our operations in the normal course of business
for the foreseeable future. However we may require additional debt or equity
financing in the future for acquisitions, internal growth or other corporate
purposes.

INFLATION

         Certain of our product offerings have been and are expected to continue
to be subject to price fluctuations due to inflationary and other market
conditions. We are generally able to pass such increased costs on to our
customers through price increases, although we may not be able to adjust our
prices immediately. In general, we do not believe that inflation has had a
material effect on our results of operations in recent years.


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ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         No significant market risk changes occurred in the nine month period
ended September 30, 2001. Please refer to Item 7A in the Company's Annual
Report on Form 10-K for the year ended December 31, 2000 for further
information.

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                            PART II-OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         In addition to the information set forth in the Company's Form 10-K
for the year ended December 31, 2000 concerning certain pending litigation,
the Company was named as a defendant in the lawsuit Brown v. Peppel,
Savarino, Liberati, Snider, Hutchison, Hopple, MCSi, Inc. and Zengine, Inc.,
filed October 11, 2001 in the Court of Chancery of the State of Delaware in
and for New Castle County, Civil Action No. 19153-NC; Buenger v. Peppel,
Savarino, Hutchison, Snider, Hopple, Liberati, Zengine, Inc. and MCSi, Inc.,
filed October 5, 2001 in the Court of Chancery of the State of Delaware in
and for New Castle County, Civil Action No. 19156-NC; and Creque v. Peppel,
Savarino, Hutchison, Liberati, Snider, Hopple, Zengine, Inc. and MCSi, Inc.,
filed October 15, 2001 in the Court of Chancery of the State of Delaware in
and for New Castle County, Civil Action No. 19188-NC. The Company intends to
defend each lawsuit vigorously and believes that none of the actions have
merit. All of such lawsuits are in the preliminary, pre-discovery stages. The
Company is also involved in routine legal proceedings occurring in the
ordinary course of business, which, in the aggregate, are believed by
management to be immaterial.

ITEM 2.  CHANGES IN SECURITIES
         Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
         Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
         Not applicable.

ITEM 5.  OTHER INFORMATION
         Not applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)   Exhibits

         Exhibit 99.0 - Safe Harbor Under the Private Securities Litigation
Reform Act of 1995.

(b)  Reports on Form 8-K

         Form 8-K filed on August 2, 2001.

         Form 8-K filed on August 15, 2001.


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SIGNATURES

         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 thereunto duly authorized.

                                                MCSi, Inc.
                                                (Registrant)


Date:  November 14, 2001
                                                By:/S/ Ira H. Stanley
                                                Ira H. Stanley
                                                Vice President - Chief Financial
                                                Officer (Principal Accounting
                                                Officer)

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