Latest news with #CDWCorporation
Business Wire
28-05-2025
- Business
- Business Wire
Smartsheet Signs Partnership With CDW Corporation to Expand Reach of Collaborative Work Management Platform
BELLEVUE, Wash.--(BUSINESS WIRE)-- Smartsheet, the AI-powered enterprise-grade work management platform, today has signed a multi-year strategic reseller partnership with CDW Corporation that is expected to simplify purchasing for customers and drive Smartsheet adoption at scale. Smartsheet has ambitious growth targets for its partner business, and this deal further signifies its commitment to working with the industry's best companies to unlock new markets and increase its customer presence. 'Smartsheet is positioned to expand CDW's presence across North America to a new set of customers, helping them to redefine the possibilities of work management and create deeper value across their initiatives using our solutions.' Share Under terms of the deal, CDW will sell Smartsheet technology to new and existing customers, beginning in North America, and offer professional services to accelerate the adoption of AI-powered enterprise-grade work management technology. Smartsheet's collaborative work management platform adds to CDW's extensive reach and established credibility, extending their current digital transformation and collaboration software portfolios. Through the partnership, the two companies will help organizations address challenges integrating disparate systems, streamlining complex workflows across departments and maintaining real-time visibility into project progress. 'We are excited about the partnership between Smartsheet and CDW, and its potential to reshape the way organizations evolve their work practices,' said Eva Schoenleitner, vice president, worldwide partnerships, Smartsheet. 'Smartsheet is positioned to expand CDW's presence across North America to a new set of customers, helping them to redefine the possibilities of work management and create deeper value across their initiatives using our solutions.' CDW Corporation is an industry leader in the IT reseller space, providing comprehensive technology solutions to over 250,000 clients worldwide. CDW drives significant growth and delivers on business outcomes across various sectors, adding substantial value for its partners by leveraging its extensive network and technical expertise. About Smartsheet Smartsheet is an AI-powered, enterprise-grade modern work management platform trusted by companies across the globe, including more than 85% of the Fortune 500. The category pioneer and market leader, Smartsheet delivers powerful solutions fueling performance and driving the next wave of innovation. Visit to learn more. About CDW CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments.
Globe and Mail
07-05-2025
- Business
- Globe and Mail
CDW Q1 Earnings & Revenues Surpass Estimates, Up Y/Y, Shares Gain
CDW Corporation CDW reported first-quarter 2025 non-GAAP earnings per share (EPS) of $2.15, beating the Zacks Consensus Estimate of $1.96. Also, the bottom line increased approximately 12% year over year. The company's revenues grew 6.7% year over year to $5.199 billion. The increase in net sales was primarily driven by strong customer demand for notebooks, mobile devices, desktops, software and services. This was partially offset by a decline in several hardware categories. Robust momentum across its Corporate, Small Business, Public and International (the U.K. & Canada) business segments backed the top-line growth. Quarterly revenues also surpassed the consensus mark of $4.89 billion. CDW began 2025 on a strong note, with the team effectively helping customers navigate a dynamic market and achieve critical goals. Management highlighted that the quarter's performance reflects the strength of CDW's balanced customer base and comprehensive product and solutions portfolio, supported by a customer-centric approach. Separately, the company announced a quarterly dividend of 62.5 cents, which will be paid on June 10, 2025, to shareholders on record as of May 26. In response to the results, CDW's shares went up 2% in pre-market trading on May 7. In the past year, shares have declined 25.6% against the Zacks Computers-IT Services industry 's growth of 4.2%. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Segmental Details Net sales of CDW's Corporate segment amounted to $2.236 billion, increasing 6.3% on a year-over-year basis. The Small Business segment's net sales of $405 million rose 7.9% year over year. The Public segment's revenues totaled $1.878 billion, representing 10.6% growth from the year-ago quarter. The uptick was driven by a 19.5% and 11.1% surge in net sales of Healthcare customers and Education customers, respectively. Net sales in Other (Canadian and U.K. operations) rose 9.5% to $680 million. Margin Details CDW's gross profit of $1.122 billion jumped 5.5% on a year-over-year basis. Gross profit margin decreased slightly from 21.8% to 21.6% due to a higher mix of lower margin products (like notebook and mobile sales), partially offset by increased contributions from netted-down revenue within software as a service. Non-GAAP operating income increased 10% year over year to $444 million. The non-GAAP operating margin rose to 8.5% from 8.3%. Selling and administrative expenses increased 3.5% year over year to $761 million. The increase was mainly driven by lower performance-based compensation adjustments, transformation-related costs and amortization of acquisition-related intangibles, with some offset from lower coworker-related expenses. Balance Sheet and Cash Flow As of March 31, 2025, CDW had $471.4 million of cash and cash equivalents compared with $503.5 million as of Dec. 31, 2024. The company had a long-term debt of $5.622 billion compared with $5.607 billion as of Dec. 31, 2024. For the three months ended on March 31, 2025, CDW generated $287.2 million of cash flow from operating activities compared with $440 million in the year-ago period. CDW's Zacks Rank CDW currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Companies in the Broader Space Infosys INFY ended fiscal 2025 on a mixed note, with its fourth-quarter earnings surpassing the Zacks Consensus Estimate while revenues fell short of the same. For the quarter, the company reported earnings of 20 cents per share, beating the consensus mark by a penny. However, Infosys' bottom line registered a year-over-year decline of 15.3%. In the past year, shares of INFY have gained 3.9%. Microsoft MSFT reported third-quarter fiscal 2025 earnings of $3.46 per share, which beat the Zacks Consensus Estimate by 8.13% and increased 17.7% on a year-over-year basis. Revenues of $70.06 billion jumped 13.3% year over year and beat the Zacks Consensus Estimate by 2.46%. In the past six months, shares of MSFT have inched up 2.6%. ServiceNow NOW reported first-quarter 2025 adjusted earnings of $4.04 per share, which beat the Zacks Consensus Estimate by 6.60% and increased 18.5% year over year. NOW's revenues of $3.09 billion surpassed the consensus mark by 0.18% and increased 18.6% year over year. Shares of NOW have soared 33.9% in the past year. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report American Noble Gas Inc. (INFY): Free Stock Analysis Report ServiceNow, Inc. (NOW): Free Stock Analysis Report CDW Corporation (CDW): Free Stock Analysis Report
Business Wire
07-05-2025
- Business
- Business Wire
CDW Declares Quarterly Cash Dividend of $0.625 Per Share
VERNON HILLS, Ill.--(BUSINESS WIRE)--CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced that its Board of Directors has declared a quarterly cash dividend of $0.625 per common share to be paid on June 10, 2025 to all stockholders of record as of the close of business on May 26, 2025. Future dividends will be subject to approval by CDW's Board of Directors. "Dividends represent an important component of our capital allocation priorities, along with share repurchases, strategic M&A and managing our capital structure," said Albert J. Miralles, chief financial officer, CDW. "Since our IPO in June 2013, our dividend has increased nearly fifteen-fold, with eleven consecutive years of increases, and we have returned approximately $7.4 billion to stockholders through share repurchases and dividends. Our capital allocation strategy has enabled us to deliver value to our stockholders, just as we have delivered value to our customers and partners for 40 years." About CDW CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For more information about CDW, please visit Forward-Looking Statements Statements in this release that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the future dividends, earnings growth, capital allocation and other strategic plans of CDW. These forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those described in such statements. Although CDW believes that its plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, it can give no assurance that it will achieve those plans, intentions or expectations. Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions "Forward-Looking Statements" and "Risk Factors" in CDW's Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent filings with the SEC. CDW undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law. CDWPR-FI
Business Wire
29-04-2025
- Business
- Business Wire
CDW to Participate in the J.P. Morgan 53rd Annual Global Technology, Media & Communications Conference
VERNON HILLS, Ill.--(BUSINESS WIRE)--CDW Corporation (Nasdaq: CDW) today announced that Christine A. Leahy, chair and chief executive officer, and Albert J. Miralles, chief financial officer and executive vice president, enterprise business operations, CDW, will participate in a question and answer session at the J.P. Morgan 53 rd Annual Global Technology, Media and Communications Conference in Boston, Massachusetts on Tuesday, May 13, 2025, at 8:30 a.m. CT/9:30 a.m. ET. The session will be webcast live on An archived copy of the webcast will be available on the same website for 30 days following the completion of the event. About CDW CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For more information about CDW, please visit CDWPR-F
Business Wire
23-04-2025
- Business
- Business Wire
CDW to Announce First Quarter 2025 Results on May 7
VERNON HILLS, Ill.--(BUSINESS WIRE)--CDW Corporation (Nasdaq: CDW) announced today that it will host a webcast conference call to discuss its first quarter 2025 results on Wednesday, May 7, 2025, at 7:30 a.m. CT/8:30 a.m. ET. A live webcast (audio with slides) of the conference call will be accessible at The press release and presentation slides will be posted on this website prior to the call. Please visit the website at least fifteen minutes prior to the call to register and to download and install any necessary software. A taped replay of the webcast will be available on the website shortly after the call. For questions, please email investorrelations@ About CDW CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For more information about CDW, please visit CDWPR-FI
