CDW sees 5.9 percent 3Q sales gain
LINCOLNSHIRE - CDW Corp. said net sales in the third quarter of 2016 increased 5.9 percent amid increased activity among all levels of the tech services company's clientele.
Total net sales in the third quarter of 2016 were $3,7 million, compared to $3,5 million in the third quarter of 2015, While corporate sales decreased 1.8 percent during the period, it was offset by gains ranging from 6 percent to 18 percent among its public, education, government and health care customers.
"We delivered solid top line growth with excellent profitability in today's challenging economic environment, once again highlighting the value of our balanced channels, broad solutions portfolio and investments in fast growing technologies, like cloud, security and services, which are leading growth across the company," said Thomas E. Richards, chairman and chief executive officer of CDW.
A quarterly cash dividend of 16 cents per share will be paid on Dec. 12 to all stockholders of record as of the close of business on Nov. 25.
Richards added the company is "well-positioned to achieve our target of outpacing US IT market growth by 200 to 300 basis points on an organic, constant currency basis in 2016.'