2023-05-03 07:12:27 ET
- CDW press release ( NASDAQ: CDW ): Q1 Non-GAAP EPS of $2.03 in-line.
- Revenue of $5.1B (-14.3% Y/Y) misses by $110M .
- Gross profit in the first quarter of 2023 was $1,089 million, compared to $1,104 million for 2022, representing a decrease of 1.3 percent. Gross profit margin was 21.3 percent in the first quarter of 2023 versus 18.6 percent for 2022.
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Net income was $230 million in the first quarter of 2023, compared to $250 million in the first quarter of 2022, representing a decrease of 8.0 percent. Non-GAAP net income was $279 million for the first quarter of 2023, compared to $302 million in the first quarter of 2022, representing a decrease of 7.6 percent.
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CDW Non-GAAP EPS of $2.03 in-line, revenue of $5.1B misses by $110M