CDW (CDW) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter was essentially flat compared to the immediately preceding quarter. However, it declined compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter was essentially flat compared to the immediately preceding quarter. However, it declined compared to 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
+0.0%
Change from the immediately preceding quarter.
Year-over-year
-9.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.8B
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 |
|---|---|---|
| Dec 31, 2022 | $5.4B | -1.8% |
| Mar 31, 2023 | $5.1B | -14.2% |
| Jun 30, 2023 | $5.6B | -8.5% |
| Sep 30, 2023 | $5.6B | -9.4% |
Revenue performance
The reported revenue remained stable sequentially, indicating no material change in the short-term trend. The year-over-year decline reflects a lower revenue base relative to the prior year's same period.
Quarterly comparison
Compared to the prior quarter, revenue was unchanged. Compared to the same quarter a year ago, revenue was lower, continuing the downward trajectory seen in recent quarters.
What to watch
Monitor whether the flat sequential revenue can stabilize or reverse the year-over-year decline in upcoming quarters.