Computer marketer CDW Corp. reported a slight increase in second-quarter sales and a decrease in net income.
The Vernon Hills, IL-based company posted revenue of $1.07 billion. Net income totaled $43.6 million, compared with $44.1 million for the same period last year.
“Compared with last year, average daily sales for April 2003 declined 0.9%, May grew 1.3% and June increased 4.7%.” CEO John A. Edwardson said in a statement.
Revenue for the six months ended June came in at $2.09 billion, compared with $2.05 billion during the comparable period in 2002.
Net income rose to $86 million during the fast half, up from $84 million last year.
The firm increased its advertising spending during the quarter to $17 million, compared with $1.5 million in the second quarter of 2002. It spent $27 million on advertising during the first half, an increase over the $2.3 million spent last year.
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