CDW Corporation (CDWC), a leading provider of technology products and services to business, government and education, announced average daily sales for May 2007 increased of 25.8 percent compared to May 2006. Both May 2007 and May 2006 had 22 billing days.
As previously announced, CDW completed the acquisition of Berbee Information Networks Corporation on October 11, 2006. May 2006 sales do not include Berbee sales, while May 2007 sales include Berbee sales. Excluding Berbee sales in May 2007, and therefore on a non-GAAP basis, CDW’s average daily sales for May 2007 were $28.990 million, an increase of 15.7 percent compared to average daily sales for May 2006 of $25.057 million and total sales for May 2007 were $637.8 million, an increase of 15.7 percent compared to total sales of $551.3 million for May 2006.
In May 2007, average daily sales for the corporate sector segment increased 10.5 percent and average daily sales for the public sector segment increased 26.9 percent compared to the prior year period.
Since we likely won’t have this source for much longer, I intend to make the most of it while it is still available. The 15.7% organic growth rate is certainly stronger than we have seen recently from such indicators as GDP. Since the GDP data applies to Q1, the stronger (and accelerating) sales growth from CDW argues in favor of improving GDP numbers in the coming quarters.