CDW Corporation ( (CDW) ) has released its Q1 earnings. Here is a breakdown of the information CDW Corporation presented to its investors.
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CDW Corporation is a prominent multi-brand provider of information technology solutions, catering to business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. As a Fortune 500 company, CDW is known for helping its clients navigate the complex IT market and optimize their technology investments.
In the first quarter of 2025, CDW Corporation reported a strong financial performance with net sales reaching $5.199 billion, marking a 6.7% increase compared to the previous year. The company attributed this growth to heightened customer demand for notebooks, desktops, software, and services, despite a slight decrease in hardware categories.
Key financial metrics for CDW in the first quarter included a gross profit of $1.122 billion, up by 5.5%, and an operating income of $361 million, reflecting a 10.2% increase. The company’s net income rose to $225 million, a 4.1% increase, with non-GAAP net income per diluted share climbing by 11.9% to $2.15. CDW’s public segment, particularly in healthcare and education, showed significant growth, contributing to the overall positive results.
CDW’s management remains optimistic about the future, emphasizing their commitment to exceeding US IT market growth by 200 to 300 basis points. The company plans to continue focusing on customer needs and maintaining its position as a trusted advisor in the technology sector, leveraging its broad product and solutions suite to drive further growth.
Looking ahead, CDW aims to optimize cash flow and manage working capital effectively, ensuring flexibility in capital priorities. The company is poised to adapt to the dynamic market conditions and continue delivering value to its over 250,000 customers worldwide.