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.
CDW Corporation (NASDAQ: CDW) is a Fortune 500 and S&P 500 company that describes itself as a leading multi-brand provider of information technology solutions for business, government, education and healthcare customers in the United States, the United Kingdom and Canada. The CDW news page on Stock Titan aggregates company announcements, earnings releases and other updates that reflect how CDW operates within the business-to-business electronic markets and wholesale trade sector.
Investors and observers following CDW news can expect regular coverage of quarterly earnings results, where the company discusses net sales, segment performance across Corporate, Small Business, Public, UK and Canada operations, and the contribution of services, cloud offerings and complex infrastructure solutions. These releases often include management commentary on customer demand trends, technology spending patterns and the factors influencing margins and cash flow.
CDW’s news flow also features Board-approved quarterly cash dividends and related capital allocation updates, reflecting the company’s stated priorities of dividends, share repurchases, strategic mergers and acquisitions and capital structure management. Leadership announcements, such as appointments or transitions in roles like Chief Services and Solutions Officer or Chief Growth and Innovation Officer, provide insight into how CDW aligns its organization with its go-to-market strategy and digital transformation efforts.
Additional items may include participation in investor conferences, webcasts to discuss financial results and updates on initiatives that enhance CDW’s technology services and solutions capabilities. By reviewing CDW news on this page, readers can track how the company communicates its performance, strategic focus and risk considerations over time.
CDW Corporation (NASDAQ: CDW), a leading provider of IT solutions, announced the release of its 2021 Environmental, Social, and Governance (ESG) report. This report highlights the progress made since its inaugural report in 2019, emphasizing CDW's commitment to enhancing its impact on customers and communities. The company's net sales for 2021 reached approximately $21 billion, supported by a workforce of over 13,900 employees.
CDW’s CEO, Christine A. Leahy, expressed pride in the firm’s advancements in ESG initiatives, which reflect its unique culture and stakeholder support.
CDW (Nasdaq: CDW) has appointed Steve O’Brien as the new vice president of investor relations. O’Brien has over 15 years of experience as a sell-side equity analyst in the technology sector, previously leading investor relations at Arrow Electronics. His extensive background includes roles at Jefferies and J.P. Morgan. CFO Al Miralles expressed enthusiasm about O’Brien's appointment, emphasizing his expertise in the technology industry and investor relations.
CDW Corporation (Nasdaq: CDW) announced that CEO Christine A. Leahy will present at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 7:05 a.m. CT in Orlando, Florida. The event will be webcast live on the company's investor website, with an archived presentation available for one year. CDW is a leading multi-brand provider of IT solutions, generating approximately $21 billion in net sales for the year ending December 31, 2021, and employs over 13,900 coworkers across the U.S., U.K., and Canada.
CDW Corporation has declared a quarterly cash dividend of
CDW Corporation (Nasdaq: CDW) reported strong financial results for Q4 and FY 2021. Q4 net sales increased by 11.7% to $5.54 billion, driven partly by the $197 million contribution from the acquisition of Sirius. Full-year net sales reached $20.82 billion, up 12.7% year-over-year. However, net income for Q4 dropped 9.7% to $215 million, with diluted EPS at $1.57. The Board approved a quarterly dividend of $0.50 per share, a 25% increase from the prior year. CDW projects continued growth, expecting to outperform the US IT market by 200 to 300 basis points in 2022.
CDW Corporation has received the 2021 Global Customer Value Leadership Award from Frost & Sullivan for its impactful digital transformation services provided to over 4,000 customers using its Amplified™ Services portfolio. Strategic acquisitions have expanded CDW's service offerings, which now encompass managed services across various sectors including cloud and security. The company reports an NPS of 54 for managed services and 68 for professional services, indicating customer satisfaction. With over $20 billion in net sales, CDW continues to grow its billion-dollar services business as a preferred digital transformation partner.
CDW Corporation (NASDAQ:CDW) will hold a webcast conference call on February 9, 2022, at 7:30 a.m. CT to discuss its fourth quarter and full year 2021 results. Interested parties can access the live audio webcast at investor.CDW.com. The press release and presentation slides will be available on the same site before the call. CDW generated over $20 billion in net sales for the twelve months ending September 30, 2021, and employs about 11,000 coworkers across the U.S., U.K., and Canada.
Hewlett Packard Enterprise (HPE) announced that CDW has adopted its HPE GreenLake edge-to-cloud platform to enhance its ServiceWorks offerings. The partnership aims to scale operations and improve financial flexibility, eliminating the need for large upfront capital investments. CDW will benefit from a pay-per-usage model, enabling better cost management aligned with revenue. This collaboration is expected to enhance the deployment of Desktop-as-a-Service solutions to meet growing customer demand, particularly in the post-pandemic landscape.
Clearfind has partnered with CDW Corporation (NASDAQ: CDW) to leverage its data-driven software optimization solution. This partnership aims to enhance visibility into software environments, providing actionable insights to improve operational efficiency and reduce costs for CDW's customers. The Clearfind platform categorizes software into 'Review,' 'Consolidate,' and 'Keep' buckets, addressing redundancy in software ecosystems. This solution is available to customers starting today, promising better management of over 50,000 software products.
On December 2, 2021, Clayton, Dubilier & Rice completed the sale of Sirius Computer Solutions to CDW for $2.5 billion. CDW previously acquired Sirius from CD&R in a $1.5 billion transaction in 2019. Under CD&R's ownership, Sirius focused on growth areas such as Security and Cloud. This sale marks CD&R's third technology sector exit since 2019, contributing to its total investment of $4.1 billion in technology-enabled services. CD&R has managed investments exceeding $35 billion, emphasizing its strategy of enhancing company profitability.