CDW's Average Daily Sales Increase 7.5 Percent in August 2006
September 12 2006 - 7:30AM
Business Wire
CDW Corporation (NASDAQ:CDWC), a leading provider of technology
products and services to business, government and education, today
announced average daily sales for August 2006 were $26.964 million,
an increase of 7.5 percent compared to average daily sales of
$25.076 million for August 2005. Total sales for August 2006 were
$620.2 million, an increase of 7.5 percent compared to total sales
of $576.8 million for August 2005. There were 23 billing days in
August 2006 and 23 billing days in August 2005. Average daily sales
for the public sector segment increased 23.9 percent and average
daily sales for the corporate sector segment decreased 0.2 percent
compared to the prior year period. As previously announced, in the
first half of 2006, the Company realigned its corporate sector
account managers serving medium and large customer accounts into
five geographic regions. A significant number of customer accounts
were transferred among corporate account managers due to the
geographic realignment. The investment of account managers' time to
further develop these customer relationships affected corporate
sector sales growth in August 2006. The Company firmly believes
that the geographic realignment of the corporate sector will
provide long-term benefits including the enhanced ability to serve
customers, drive new business, maximize account coverage, create
additional ownership and accountability for the medium and large
business sales teams, and align geographically with the Company's
vendor and service partners. Product categories that achieved the
strongest year-over-year unit volume growth for the month on an
average daily basis included: notebook CPUs, software, printers,
video, memory and input devices. The Company plans to announce
September 2006 sales and third quarter earnings on Wednesday,
October 18, 2006. September 2005 had 21 billing days and September
2006 will have 20 billing days. Forward Looking Statement Any
forward-looking statements contained in this release are based on
the Company's beliefs and expectations as of the date of this
release and are subject to certain risks and uncertainties which
may have a significant impact on the Company's business, operating
results or financial condition. Should any risk or uncertainty
materialize, or should underlying assumptions prove incorrect,
actual results or outcomes may vary materially from those described
in forward-looking statements. Factors affecting the Company's
business and prospects are discussed in the Company's filings with
the Securities and Exchange Commission. About CDW CDW(R), ranked
No. 343 on the FORTUNE 500, is a leading provider of technology
solutions for business, government and education. CDW is a
principal source of technology products and services including top
name brands such as Acer, Adobe, Apple, Cisco, HP, IBM, Lenovo,
Microsoft, Panasonic, Samsung, Sony, Symantec, Toshiba and
ViewSonic. CDW was founded in 1984 and employs approximately 4,450
coworkers. In 2005, the company generated sales of $6.3 billion.
CDW's direct model offers one-on-one relationships with
knowledgeable account managers; purchasing by telephone, fax, the
company's award-winning CDW.com web site, customized CDW@work(TM)
extranets, CDWG.com web site and macwarehouse.com web site; custom
configured solutions and same day shipping; and pre- and post-sales
technical support, with approximately 120 factory-trained and A+
certified technicians on staff. For more information about CDW:
Visit CDW on the Internet at http://www.cdw.com. Contact CDW
Investor Relations via the Internet at investorrelations@cdw.com or
by telephone at 847-419-6328. CDW is a registered trademark and
CDW@work is a trademark of CDW Corporation. Other company and
product names may be trademarks of their respective owners.
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