CDW has reported its best ever second quarter with the business unit holding its UK arm seeing revenue almost triple.
CDW saw global sales increase 7.6 percent to $4.9 billion and its net income rose 22.8 percent to $173 million.
Its UK division, which is part of its Canadan operation (presumably because it has the same Queen), saw revenue rocket 34 percent to $487 million.
CDW chief revenue officer Christine Leahy said: “Once again, UK results came in above expectations. UK had excellent results across both transactions and solutions.
“Despite looming Brexit decisions, the team continues to execute well in market.
“They are also doing a great job leveraging our international capabilities to grow outside the UK, both with UK-based customers and US-based customers. US referral to the UK increased over 30 percent in the quarter compared with the prior year.”
In its last results filed on Companies House (for 2016), CDW UK saw revenues hit £648.6 million
The NASDAQ-listed parent saw total 2017 revenues increase by 8.7 percent to $15.19 billion and net profit soar by 23.2 percent to $523 million.
CDW CEO Thomas Richards said: “As we have throughout the year, we delivered strong top-line growth with solid profitability in the fourth quarter, once again highlighting the combined power of our nimble business model, broad product portfolio and balanced customer end-markets.
“Our 2017 results continue to prove out the success of investments we’ve made in our three-part strategy.”
Managed by London Universities Purchasing Consortium, the four year agreement will see Academia, DTP and Misco provide desktops and mobile devices from Acer, Fujitsu, HP Inc, Lenovo and Toshiba. Dell will take all its business direct.
The 11 resellers on the framework are: Academia, Bechtle, CDW, DTP, European Electronique, Getech, Insight, Misco, SCC, Stone and XMA. Stone Computers will also supply its own devices direct to customers, while XMA will supply its Viglen brand.
The framework is broken up into three lots: Lot 1 is for desktops, Lot 2 is for notebooks and mobile devices, while Lot 3 is a “one-stop shop” for both categories.
The value of the NDNA is between £400 million and £440 million, which is much bigger than its predecessor’s £310 million.
One thing is noticeable. Samsung is no longer involved, while Fujitsu is brought in on Lot 2. Softcat is a notable reseller absentee, having previously been in all three Lots with Dell and Lenovo.