CDW Corporation Reports Total Revenue of USD 5626.1 Million in Q2 of FY 2023, Down 8.5% YoY

August 12, 2023

🌥️Earnings Overview

CDW CORPORATION ($NASDAQ:CDW) reported total revenue of USD 5626.1 million for the second quarter of fiscal year 2023, which ended on June 30 2023. This represented an 8.5% decrease compared to the same period the previous year. Net income also decreased by 6.0%, amounting to USD 262.6 million. The results were announced on August 2 2023.

Analysis

GoodWhale has conducted an analysis of CDW CORPORATION‘s wellbeing and the findings are now available. The results show that CDW CORPORATION is a medium risk investment in terms of financial and business aspects. GoodWhale has detected 1 risk warning in non financial areas, however, this information is only available to registered users of the GoodWhale platform. The results are proof that CDW CORPORATION has considered all aspects when making decisions and investing in their business. Their risk management is effective and they have a good overall financial standing. Although there is some risk associated with this company, investors can rest assured that they have the necessary provisions in place to protect their interests. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Cdw Corporation. More…

    Total Revenues Net Income Net Margin
    22.38k 1.08k 4.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Cdw Corporation. More…

    Operations Investing Financing
    1.17k -219.7 -1.29k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Cdw Corporation. More…

    Total Assets Total Liabilities Book Value Per Share
    12.99k 11.37k 12.04
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Cdw Corporation are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    7.1% 14.0% 7.5%
    FCF Margin ROE ROA
    4.6% 65.5% 8.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • Peers

    In the market for human resources management software, CDW Corp competes with Paycor HCM Inc, Softcat PLC, and Business Warrior Corp. All four companies offer software that helps businesses manage employee data, payroll, and benefits.

    – Paycor HCM Inc ($NASDAQ:PYCR)

    Paycor HCM Inc is a provider of human capital management solutions for small and medium-sized businesses. The company offers a cloud-based platform that enables businesses to manage their human resources, payroll, and benefits. Paycor HCM Inc has a market cap of 5.04B as of 2022 and a return on equity of -6.69%. The company’s human capital management solutions enable businesses to manage their human resources, payroll, and benefits more effectively and efficiently.

    – Softcat PLC ($LSE:SCT)

    Softcat PLC is a British provider of IT infrastructure and software products. The company is headquartered in Marlow, Buckinghamshire, and has over 4,000 employees. Softcat PLC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded in 1993 by Peter Kelly and Martin Hellawell, and it has been profitable every year since 2001.

    Softcat PLC’s market cap is 2.23B as of 2022. The company’s ROE is 59.71%. Softcat PLC is a provider of IT infrastructure and software products. The company was founded in 1993 and it has been profitable every year since 2001.

    – Business Warrior Corp ($OTCPK:BZWR)

    Warrior Corp is a publicly traded company with a market capitalization of 3.69 million as of 2022. The company has a return on equity of -25.43%. Warrior Corp is engaged in the business of providing military training and support services to the United States government and its allies.

    Summary

    CDW CORPORATION reported total revenue of USD 5626.1 million in the second quarter of fiscal year 2023, ending June 30 2023, representing an 8.5% decrease from the same period the previous year. Net income also decreased by 6.0% year over year to USD 262.6 million. Although the short-term financial results were not flattering, investors seemed optimistic as the stock price moved up on August 2 2023.

    Investors may be buoyed by the company’s ability to emerge from these difficult times unscathed, and its potential to be a long-term success. As such, CDW CORPORATION may be a promising stock pick for investors who are looking for a reliable growth stock.

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