CDW tops quarterly estimates on steady demand from healthcare, government customers
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CDW exceeded Wall Street expectations for Q2 results, driven by strong demand from healthcare and government sectors. The company reported net sales of $5.98 billion, surpassing estimates of $5.51 billion, with adjusted earnings of $2.60 per share. CEO Christine Leahy highlighted the growth opportunities from hybrid data centers and the effectiveness of their customer-centric strategy. Public segment sales rose 2% to $2.29 billion, reflecting increased sales to key sectors. CDW collaborates with major tech brands like Microsoft, Cisco, and Apple to provide diverse IT solutions.
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