CDW Corp (CDW) shares surged 5.08% in intraday trading on Wednesday following the release of its impressive first-quarter 2025 financial results. The IT solutions provider significantly outperformed analyst expectations, demonstrating resilience in the face of economic uncertainties.
CDW reported adjusted earnings per share of $2.15, handily beating the analyst consensus estimate of $1.96. This represents an 11.98% increase from the same period last year. The company's quarterly sales reached $5.20 billion, surpassing the estimated $4.93 billion and marking a 6.69% year-over-year growth.
The strong performance was attributed to steady demand across various sectors. CDW's public segment, which caters to healthcare and education industries, saw a notable 10.3% increase in revenue to $1.88 billion. Meanwhile, the corporate segment, the largest contributor to overall revenue, grew by 6.3% to $2.23 billion. The company highlighted robust customer demand for desktops, notebooks, mobile devices, software, and services as key drivers of growth, offsetting slowdowns in other hardware categories. Despite ongoing economic uncertainty, CDW noted improved customer spending in certain end-markets during the first quarter, positioning the company well for continued success in the evolving IT landscape.
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