Solid Third Quarter for CDW

Vernon Hills, IL-based computer reseller CDW Corp. (Nasdaq: CDWC) posted a 12% rise in third-quarter net income and an 11% jump in third-quarter sales. For the three months ended Sept. 30, CDW netted $73.0 million on $1.67 billion in sales.

Corporate-sector sales for the quarter totaled $1.117 billion, up from $1.018 billion last year. Public-sector sales totaled $553.6 million, a 12% increase from $493.5 million last year. In July approximately 10,000 active healthcare accounts representing about $350 million in annualized revenue were consolidated from the corporate and public sectors into a new customer channel within the public sector.

Direct Web sales increased 12%, to $455 million, and accounted for 27% of total sales.

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