First quarter total sales rise faster than web sales at CDW
E-commerce sales for CDW Corp. rose by 10% in the first quarter while total revenue grew by 17%.
In Q1, CDW, No. 8 in the Internet Retailer Top 500 Guide, reported web sales of $550.8 million vs. $500.9 million in the prior year.
Total sales in the first quarter of 2007 were $1.86 billion compared to $1.59 billion in the first quarter of 2006. Average daily sales in Q1 were $29 million compared to $24.9 million in the first quarter of 2006. First quarter net income was $76.8 million vs. $61.7 million in the prior year, an increase of 24.5%.
“Our strong results demonstrate the progress we are making to leverage our 2006 investments, which include the geographic realignment of medium and large customer accounts in the corporate sector and the acquisition of Berbee Information Networks,” says CDW CEO John A. Edwardson.
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