CDW (CDW) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased from the immediately preceding quarter but declined compared with the same quarter one year earlier. The sequential improvement reversed a prior decline, while the year-over-year decrease continued the trend of lower revenue relative to the prior year.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased from the immediately preceding quarter but declined compared with the same quarter one year earlier. The sequential improvement reversed a prior decline, while the year-over-year decrease continued the trend of lower revenue relative to the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.4B
Revenue reported for this quarter.
Quarter-over-quarter
+11.3%
Change from the immediately preceding quarter.
Year-over-year
-3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.9B
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 |
|---|---|---|
| Sep 30, 2023 | $5.6B | -9.4% |
| Dec 31, 2023 | $5B | -7.7% |
| Mar 31, 2024 | $4.9B | -4.5% |
| Jun 30, 2024 | $5.4B | -3.6% |
Revenue performance
Reported revenue rose from the prior quarter, marking a rebound after consecutive declines from the peak in the September quarter of the prior year.
Quarterly comparison
Compared with the preceding quarter, revenue increased substantially. However, when measured against the same quarter one year earlier, revenue was lower.
What to watch
Monitor whether the sequential revenue growth can be sustained or if the year-over-year decline will persist.