CDW Exceeds Profit Estimates Amid Strong AI and Cloud Services Demand
Photo by Andrei Lazarev on Unsplash
CDW Corp. surpassed Wall Street's Q3 profit estimates, reporting an adjusted profit of $2.71 per share, a 3% increase, driven by enterprise demand for AI cloud services and infrastructure investments. Net sales grew by 3.8% to $5.74 billion, slightly below estimates.
Key takeaways
- exceeded Wall Street's profit expectations for the third quarter, according to Reuters, driven by increased technology spending and enterprise adoption of AI cloud services
- The IT solutions provider reported an adjusted profit of $2
- 71 per share, a 3% increase and surpassing the analyst consensus of $2
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