CDW Posts Impressive 1Q

Computer products reseller CDW Corp. sprinted out of the gate with a 17% rise in first-quarter sales and a 24.5% increase in first-quarter net income.

For the three months ended March 31, the Vernon Hills, IL-based merchant netted $76.8 million on sales of $1.85 billion. For the first quarter of last year, it had reported net income of $61.7 million on revenue of $1.58 billion.

Sales within the corporate division rose 6%, to nearly $1.22 billion. Public sector sales — to federal, state, and local government entities and educational institutions – increased 13%, to $497.4 million. Direct Web sales rose 10%, to $550.8 million.

Last fall CDW Corp. acquired Madison, WI-based Berbee Information Networks Corp., one of the country’s largest independent IT solutions providers, for approximately $175 million in cash. Berbee sales for the first quarter of this year were $142.7 million, up nearly 70% increase from $84.3 million for the first quarter of 2006.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.