Financial Report: CDW Posts Strong Quarter

Vernon Hills, IL-based computer products cataloger CDW Corp. (Nasdaq: CDWC) reported an 11% rise in first-quarter profit, driven by strong growth in sales of computers, servers, and software.

CDW reported earnings of $61.4 million for the quarter ended March 31, compared with $55.3 million for the first quarter of 2004. Sales rose 10%, to $1.48 billion from $1.34 billion.

Sales within the corporate division, which consists primarily of business customers but includes consumers as well, rose 10%, to $1.2 billion. Public sector sales—to federal, state, and local government entities, and educational institutions–rose 21%, to $299 million. Direct Web sales were $436 million, a 21% increase from last year, and accounted for 30% of total sales.