CDW Expects ‘Low-Single Digit' Revenue Decline In 2023
With customers looking to contain IT costs due to the uncertain economic outlook, CDW said it expects total 2023 revenue to decline compared to 2022 by "low-single" digits.
Leahy said although CDW expects a pickup in activity during the second half of 2023, the company is currently projecting annual sales to drop in the low-single digits compared with last year's $23.7bn in total revenue.
"This outlook assumes that we will see a moderate pickup an activity in the back half of the year and anticipates that ongoing economic uncertainty will continue to impact customer behavior.
Wildcards include deeper recessionary conditions, heightened credit tightness and debt ceiling driven liquidity events," said Leahy.
"We are operating in choppy waters right now," she said. "We have the strategy, capabilities and discipline to continue to profitably outgrow the market."
