CDW Misses Q2 Estimates Amid Challenging IT Spending Environment
CDW Misses Q2 Estimates Amid Challenging IT Spending Environment
CDW Corporation (NASDAQ:CDW) shares are trading lower after the company reported worse-than-expected second-quarter FY24 financial results.
CDW Corporation (納斯達克代碼：cdw)因報告第二財季FY24業績表現劣於預期而股價下跌。
Net sales declined 3.6% Y/Y to $5.423 billion, marginally missing the consensus of $5.425 billion.
淨銷售額同比下降3.6%至54.23億美元，略低於預期的54.25億美元。
The company said that economic uncertainty and a complex technology environment have led customers to adopt a more cautious approach to technology spending, resulting in decreased net sales.
公司表示，經濟不確定性和複雜的技術環境導致客戶採用更加謹慎的技術支出方法，導致淨銷售額下降。
Net sales from the Corporate segment declined 2.2% Y/Y to $2.195 billion, and the Small Business segment decreased 3.4% Y/Y to $383 million.
企業板塊淨銷售額同比下降2.2%至21.95億美元，中小企業板塊同比下降3.4%至3830萬美元。
Total Public segment net sales fell 2.3% Y/Y to $2.24 billion due to a decline in net sales to Government and Education customers of 6.2% and 0.9% Y/Y, respectively.
公共板塊總體淨銷售額同比下降2.3%至22.4億美元，原因是政府和教育客戶的淨銷售額同比分別下降6.2%和0.9%。
Net sales for CDW's U.K. and Canadian operations, combined as "Other" for financial reporting purposes, fell 12.7% Y/Y to $602 million.
CDW英國和加拿大業務在財務報告中合稱爲“其他”，淨銷售額同比下降12.7%至6020萬美元。
Average daily sales fell 3.6% Y/Y to $84.7 million. Gross margin increased to 21.8% from 21.0% a year ago, driven by a higher share of netted-down revenue, primarily from software as a service.
平均每日銷售額同比下降3.6%至8470萬美元。毛利率從一年前的21.0%上升至21.8%，受淨消耗軟件服務收入所佔比重的提高推動。
The adjusted operating margin was 9.4% flat Y/Y in the quarter. Adjusted EPS of $2.50 missed the consensus of $2.53.
該季度調整後的營業利潤率爲9.4%，與去年持平。調整後的每股收益爲2.50美元，低於預期的2.53美元。
CDW held $665.3 million in cash and equivalents as of June-end.
截至6月底，CDW持有66530萬美元的現金及等價物。
Dividend: CDW declared a quarterly cash dividend per share of $0.62, payable on September 10 to all stockholders of record as of August 26.
股息：CDW宣佈每股股息0.62美元，於9月10日支付，所有股東均可按8月26日持股紀錄獲得。
Albert J. Miralles, chief financial officer, said, "Customers continue to turn to CDW to address their mission-critical IT and operational needs across the full IT solutions stack and lifecycle. We remain well-positioned to attain our target of exceeding US IT market growth by 200 to 300 basis points on a constant currency basis."
首席財務官Albert J. Miralles表示：“客戶繼續尋求CDW解決其在整個IT解決方案堆棧和生命週期中的任務關鍵性IT和運營需求。我們保持良好的位置，以在恒定貨幣基礎上超過美國IT市場增長200-300個點子的目標。”
"To achieve this, we remain laser focused on meeting the needs of our more than 250,000 customers around the globe and remaining the partner of choice for more than 1,000 leading and emerging technology brands as the IT market continues to evolve."
“爲了實現這一目標，我們繼續專注於滿足全球25萬多個客戶的需求，成爲1000多個領先和新興技術品牌的首選合作伙伴，隨着行業的不斷髮展，我們將繼續走在最前沿。”
CDW stock gained over 17% in the last 12 months. Investors can gain exposure to the stock via SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) and WBI BullBear Quality 3000 ETF (NYSE:WBIL).
CDW股票在過去12個月中漲幅超過17%。投資者可以通過SMI 3Fourteen Full-Cycle Trend CTF（NASDAQ：FCTE）和wbi large cap tactical select shares（紐交所代碼：WBIL）獲得該股票。
Price Action: CDW shares are down 5.73% at $219.15 at the last check Wednesday.
截至最後檢查時間，CDW股價下跌5.73%，爲219.15美元。
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