CDW's Average Daily Sales Increase 24.8 Percent in July 2007
August 13 2007 - 8:00AM
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 July 2007 were $32.771 million,
an increase of 24.8 percent compared to average daily sales of
$26.268 million for July 2006. Total sales for July 2007 were
$688.2 million, an increase of 31.0 percent compared to total sales
of $525.4 million for July 2006. There were 21 billing days in July
2007 and 20 billing days in July 2006. As previously announced, CDW
completed the acquisition of Berbee Information Networks
Corporation on October 11, 2006. July 2006 sales do not include
Berbee sales, while July 2007 sales include Berbee sales. Excluding
Berbee sales in July 2007, and therefore on a non-GAAP basis, CDW�s
average daily sales for July 2007 were $30.604 million, an increase
of 16.5 percent compared to average daily sales for July 2006 of
$26.268 million and total sales for July 2007 were $642.7 million,
an increase of 22.3 percent compared to total sales of $525.4
million for July 2006. There were 21 billing days in July 2007 and
20 billing days in July 2006. In July 2007, average daily sales for
the corporate sector segment increased 13.7 percent and average
daily sales for the public sector segment increased 21.4 percent
compared to the prior year period. While CDW did not own Berbee
prior to October 11, 2006, the Company is providing comparative
information for Berbee. Compared to the prior year period, average
daily sales for Berbee decreased 17.0 percent in July 2007.
Compared to the public sector and corporate sector segments,
Berbee�s business model is more project oriented, which can result
in a greater degree of variability in sales on a monthly basis.
Product categories that achieved the strongest year-over-year unit
volume growth for the month on an average daily basis included
notebook computers, desktop computers, netcomm products, video and
input devices. Product categories exclude Berbee sales. The Company
plans to announce August 2007 sales on Wednesday, September 12,
2007. August 2006 had 23 billing days and August 2007 will have 23
billing days. About CDW CDW�, ranked No. 342 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, APC, Apple,
Cisco, EMC, Fujitsu, HP, IBM, Lenovo, Microsoft, Panasonic,
Quantum, Samsung, Sony, Symantec, ViewSonic and Xerox. CDW's direct
model offers customers one-on-one relationships with knowledgeable
account managers and access to approximately 820 on-staff engineers
and advanced technology specialists who customize solutions for
customers� complex technology needs. CDW also provides same-day
product shipping and post-sales technical support. CDW was founded
in 1984 and as of June 30, 2007, employed approximately 5,880
coworkers. In 2006, the company generated sales of $6.8 billion.
For more information, visit CDW.com. Forward-Looking Statements
Statements about the expected timing, completion and effects of the
proposed merger between CDW and a subsidiary of VH Holdings, Inc.
and all other statements in this press release other than
historical facts, constitute forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on these forward-looking statements, each of which
is qualified in its entirety by reference to the following
cautionary statements. Forward-looking statements speak only as of
the date hereof and are based on current expectations and involve a
number of assumptions, risks and uncertainties that could cause
actual results to differ materially from those projected in the
forward-looking statements. CDW may not be able to complete the
proposed merger because of a number of factors, including, among
other things, the failure of financing or the failure to satisfy
the remaining closing conditions. Other risks and uncertainties
that may affect forward-looking statements are described in the
reports filed by CDW with the SEC under the Securities Exchange Act
of 1934, as amended, including without limitation CDW�s Annual
Report on Form 10-K for the year ended December�31, 2006, and the
definitive proxy statement dated July 13, 2007, relating to the
special meeting of shareholders that was held on August 9, 2007.
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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