34°FOvercastFull Forecast

CDW Corp. 2Q net income rises 27 percent

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

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.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

If you had only one day to live, what would you do with it?
Learn to play the piano
Take up ice sculpting
Learn to speak French
Win over the love of a small town