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Jun 30, 2020
CDW Q2 2020 Earnings Report
CDW's financial results reflected variances across diversified customer end markets due to the COVID-19 pandemic, with customer priorities including remote enablement, business continuity, security, optimization, and digital transformation.
Key Takeaways
CDW Corporation reported a decrease in net sales by 5.7 percent, while public segment net sales increased by 9.9 percent. The company's financial results reflected variances across diversified customer end markets related to the impact of the COVID-19 pandemic.
Total Net sales decreased by 5.7 percent compared to the second quarter of 2019.
Corporate segment Net sales decreased by 17.3 percent compared to the second quarter of 2019.
Small Business segment Net sales decreased by 19.9 percent compared to the second quarter of 2019.
Public segment Net sales increased by 9.9 percent compared to the second quarter of 2019, driven by Government and Education customers.
Revenue by Segment
Forward Guidance
While the depth and duration of the impact from COVID-19 remain unknowable, CDW is confident that technology will continue to be essential throughout this health and economic crisis and the recovery beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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