CDW posts record quarterly sales

Vernon Hills, IL-based CDW Computer Centers (Nasdaq: CDWC) reported record quarterly revenue, with sales for the quarter ended Sept. 30 topping out at $1.15 billion. That’s a 16% rise from sales of $991.1 million for the third quarter of last year. Net income jumped 27%, to $54.9 million from $43.2 million last year.

Corporate sales increased 12%, to $869.1 million. Public sector sales rose 32%, to $281.8 million. The cataloger says that sales of Microsoft products were a significant contributor to financial results due to the July 31 deadline for the sale of Microsoft’s Upgrade Advantage products.

CDW is projecting sales for the fourth quarter $1.065 billion-$1.090 billion, representing growth of 7%-10% from last year. It also projects a 6%-10% rise in fourth-quarter earnings per share.

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.