Welcome to our dedicated page for CDW news (Ticker: CDW), a resource for investors and traders seeking the latest updates and insights on CDW stock.
Overview of CDW Corp
CDW Corp (NASDAQ: CDW) is a prominent multi-brand provider of integrated information technology (IT) solutions, serving a diverse customer base across the United States, Canada, and the United Kingdom. The company’s offerings cater to businesses of all sizes, government agencies, educational institutions, and healthcare organizations. With its extensive portfolio of hardware, software, and IT services, CDW plays a pivotal role in enabling organizations to harness technology effectively to achieve their goals.
Core Business Areas
CDW’s business model is built on delivering comprehensive IT solutions that address the complex needs of its clients. Its solutions span several key areas:
- Hybrid Infrastructure: CDW provides on-premise and cloud-based solutions, enabling organizations to create flexible and scalable IT environments.
- Digital Experience: The company focuses on enhancing user experience through cutting-edge technology, including collaboration tools and mobility solutions.
- Security: CDW offers robust cybersecurity solutions to protect organizations from evolving threats, ensuring data integrity and compliance.
- Managed Services: These services help clients optimize their IT operations by outsourcing complex tasks such as network management and cloud monitoring.
Market Segments
CDW operates through five distinct segments to address the unique needs of its diverse clientele:
- Corporate: Serving private-sector businesses in the United States, this segment generates the majority of CDW’s revenue.
- Small Business: Focused on providing tailored IT solutions for smaller organizations with unique resource constraints.
- Public: Catering to government, education, and healthcare sectors, this segment addresses the specialized compliance and operational requirements of public entities.
- CDW UK: Expanding the company’s reach to the United Kingdom, offering localized IT solutions.
- CDW Canada: Supporting Canadian organizations with a comprehensive range of IT products and services.
Competitive Position
CDW operates in a competitive landscape that includes major players such as Insight Enterprises and SHI International. Its competitive edge lies in its ability to offer a one-stop shop for IT needs, supported by a robust supply chain, deep vendor relationships, and a highly skilled workforce. By combining a broad product portfolio with specialized services, CDW provides end-to-end solutions that differentiate it from competitors.
Revenue Streams
CDW generates revenue through the sale of discrete IT products, including hardware and software, as well as through value-added services such as consulting, implementation, and managed IT solutions. Its hybrid approach allows the company to capture value across the IT lifecycle, from initial procurement to long-term management and optimization.
Industry Context
The IT solutions industry is characterized by rapid technological advancements and increasing demand for digital transformation. Organizations across all sectors are seeking ways to modernize their IT infrastructure, enhance security, and improve operational efficiency. CDW is well-positioned to capitalize on these trends, leveraging its expertise and extensive partner ecosystem to deliver innovative solutions that meet evolving market needs.
Conclusion
CDW Corp is a vital player in the IT solutions industry, offering a comprehensive range of products and services that empower organizations to navigate the complexities of modern technology. Its segmented approach, robust service offerings, and strong market presence make it a trusted partner for clients across various sectors. For investors and analysts, CDW represents a compelling opportunity to engage with a company at the forefront of IT innovation and integration.
CDW Corporation (Nasdaq: CDW) will host a webcast conference call on February 8, 2023, at 7:30 a.m. CT to discuss its fourth quarter and full year 2022 results. Interested parties can access the webcast, which will include audio and slides, on the investor.CDW.com site. Participants should aim to log in at least 15 minutes beforehand to ensure the necessary software is installed. A replay of the webcast will be available shortly after the call.
CDW, a leading multi-brand IT solutions provider with over $24 billion in net sales for the trailing twelve months ended September 30, 2022, serves customers across the US, UK, and Canada.
CDW Corporation announced key changes to its Board of Directors, with Christine A. Leahy appointed as Board Chair, following her role as CEO since 2019. Under her leadership, net sales grew from
CDW has been awarded the 2022 Global Customer Value Leadership Award by Frost & Sullivan for its excellence in digital transformation services. The recognition highlights CDW's extensive portfolio, which includes cloud, security, and IT solutions, supporting clients through supply chain challenges. With a workforce of 15,000 and $24 billion in net sales over the past year, CDW demonstrates a commitment to customer-centric strategies and innovative technology solutions. This award emphasizes the company's impact on customer retention and value creation in the digital transformation sector.
The inaugural season of UNDERRATED Golf, launched by Stephen Curry, concluded successfully with the Curry Cup on August 30, 2022, at TPC Harding Park, naming Ashley Shaw and Roman Solomon champions. This initiative, aimed at empowering underrepresented youth in golf, involved support from significant corporate partners, including CDW and Cisco, providing training and equipment to 136 junior golfers. The program also addresses gender equity in sports, focusing on educational opportunities and career-building courses through Curry's upcoming 'Curry Academy'.
CDW Corporation (Nasdaq: CDW) announced that CEO Christine A. Leahy and CFO Albert J. Miralles will attend the Credit Suisse 26th Annual Technology Conference on November 29, 2022, at 2:00 PM CT in Scottsdale, Arizona. The session will feature a Q&A format and will be available for live viewing via webcast on investor.cdw.com. An archived version will be accessible for one year post-event. CDW, a Fortune 500 company, reported net sales of approximately $24 billion for the trailing twelve months ended September 30, 2022.
CDW Corporation has declared a quarterly cash dividend of $0.59 per share, payable on December 9, 2022, to stockholders recorded as of November 25, 2022. This reflects an 18% increase compared to last year and represents 25% of the trailing twelve-month Non-GAAP net income through September 30, 2022. The company highlights its commitment to delivering value to stockholders through consistent dividend increases, marking the ninth consecutive year of growth since its IPO in June 2013.
CDW Corporation reported strong third quarter 2022 results, achieving net sales of $6,216 million, a 17.3% increase from last year, aided by the acquisition of Sirius Computer Solutions. Gross profit rose to $1,233 million with a margin of 19.8%. Net income was $298 million, an 11.7% increase, translating to $2.17 per diluted share. The board approved a quarterly cash dividend of $0.59 per share. CDW expects to maintain a premium on U.S. IT market growth between 325 to 425 basis points. Overall, the results underscore CDW's robust business model and adaptability in a dynamic market.
CDW Corporation (Nasdaq: CDW), a leading multi-brand IT solutions provider, has announced a webcast conference call for its third quarter 2022 results. The call is scheduled for November 2, 2022, at 7:30 a.m. CT. Investors can access the live broadcast on investor.CDW.com. The recorded webcast will also be available shortly after the call. CDW, a Fortune 500 company, generated approximately $23 billion in net sales for the trailing twelve months ended June 30, 2022.
CDW Corporation (Nasdaq: CDW), a prominent provider of IT solutions, announced participation in upcoming technology conferences in New York City. Christine A. Leahy, president and CEO, and Albert J. Miralles, CFO, will engage in Q&A sessions at the Citi 2022 Global Technology Conference on September 7, 2022, at 10:15 a.m. CT, and the Evercore ISI Technology Conference on September 8, 2022, at 11:00 a.m. CT. Both sessions will be available for live webcast and archived access on their investor website.
CDW (Nasdaq: CDW) has announced the appointment of Carolyn A. Wiesenhahn as chief people officer and senior vice president of coworker services, effective September. Wiesenhahn, formerly of CVS Health, brings over 20 years of experience in human resources and diversity initiatives. CEO Christine A. Leahy highlighted that Wiesenhahn's expertise will enhance CDW's ability to attract and retain talent, crucial for its sustainable growth. CDW, a leading IT solutions provider with approximately $23 billion in net sales for the trailing twelve months ended June 30, 2022, employs 14,600 coworkers.
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