Reported about 8 hours ago
CDW, an IT solutions provider, exceeded Wall Street's expectations for third-quarter profit, driven by increased tech budgets from enterprise customers and the rise of artificial intelligence cloud adoption. The company reported a 3% increase in adjusted profit to $2.71 per share, surpassing the estimated $2.62, while net sales rose by 3.8% to $5.74 billion, just shy of the $5.75 billion forecast. Key growth areas included services and cloud, according to CFO Albert Miralles.
Source: YAHOO