CDW (CDW) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined versus the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined versus the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
+10.2%
Change from the immediately preceding quarter.
Year-over-year
-8.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.4B
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 |
|---|---|---|
| Sep 30, 2022 | $6.2B | +17.3% |
| Dec 31, 2022 | $5.4B | -1.8% |
| Mar 31, 2023 | $5.1B | -14.2% |
| Jun 30, 2023 | $5.6B | -8.5% |
Revenue performance
The reported revenue direction was upward from the prior quarter, reversing a sequence of sequential declines. Despite the sequential improvement, the year-over-year comparison remained negative.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. Against the same quarter one year earlier, revenue was lower, reflecting a continuation of the year-over-year contraction observed in recent periods.
What to watch
The filing context did not provide specific risk commentary for this quarter.