CDW (CDW) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the first quarter compared to both the prior quarter and the same period a year earlier. The decrease reflects a continuation of the downward trend observed in the preceding quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the first quarter compared to both the prior quarter and the same period a year earlier. The decrease reflects a continuation of the downward trend observed in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
-14.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6.1B | +19.4% |
| Sep 30, 2022 | $6.2B | +17.3% |
| Dec 31, 2022 | $5.4B | -1.8% |
| Mar 31, 2023 | $5.1B | -14.2% |
Revenue performance
Net sales for the quarter were lower than the previous quarter and significantly below the level reported one year ago. The company experienced a year-over-year contraction in revenue.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. When measured against the same quarter one year earlier, the decline was more pronounced.
What to watch
Monitor whether the revenue decline accelerates or stabilizes in the upcoming quarter.