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CDW Corp. 2Q net income rises 27 percent

Published: Friday, Aug. 2, 2013 4:34 p.m. CDT • Updated: Friday, Aug. 2, 2013 4:35 p.m. CDT

VERNON HILLS – Information technology company CDW Corp., which went public in June, said Friday its second-quarter net income rose 27 percent on higher revenue from corporate and public clients rose.

Net income rose to $46.7 million for the three months ended June 30 from $36.8 million last year. Revenue rose nearly 8 percent to $2.78 billion from $2.5 billion last year.

No earnings per share figures were provided. The company said that was because the initial public offering didn’t close until July.

CDW raised about $400 million from its public offering in June, which it plans to use to pay down debt.

Based in Vernon Hills, CDW was a public company from 1993 until October 2007 – when it was purchased by Madison Dearborn and Providence Equity for about $7.4 billion.

It provides IT services to business, government, education and health care clients.

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