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.