CDW (CDW) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased from both the immediately preceding quarter and the same quarter one year earlier. The decline continues a pattern of sequential decreases observed over recent quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased from both the immediately preceding quarter and the same quarter one year earlier. The decline continues a pattern of sequential decreases observed over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
-2.9%
Change from the immediately preceding quarter.
Year-over-year
-4.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.1B
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, 2023 | $5.6B | -8.5% |
| Sep 30, 2023 | $5.6B | -9.4% |
| Dec 31, 2023 | $5B | -7.7% |
| Mar 31, 2024 | $4.9B | -4.5% |
Revenue performance
The reported revenue was lower than the prior quarter, reflecting a continued downward trajectory. Compared to the same quarter last year, revenue also declined.
Quarterly comparison
Sequentially, revenue fell from the fourth quarter of the previous fiscal year. On a year-over-year basis, the decline was more pronounced than the sequential drop.
What to watch
Monitor whether the company can reverse the multi-quarter revenue decline in upcoming periods.