CDW Corporation - $CDW STOCK NEWS

CDW Corporation (Nasdaq: CDW) announced its third quarter 2023 results, reporting a decrease in net sales of 9.4% compared to the same period last year. However, the company achieved record margins, with gross profit margin increasing to 21.8% and operating income margin reaching 8.5%. Net income per diluted share increased by 6.9% to $2.32. CDW also approved a quarterly cash dividend of $0.62 per share.

CDW Corporation to host webcast conference call to discuss Q3 2023 results

CDW Canada's 2023 Hybrid Cloud Report reveals that Canadian CEOs expect nearly half of their organization's revenue to come from digital products, services, or experiences in the next five years. However, Canadian public cloud IT spending needs improvement as 18% of spending annually is not being maximized. Organizations are turning to Financial Operations (FinOps) to optimize cloud spending, with 55% having a dedicated team. Challenges include optimizing cloud spend, allocating costs correctly, and understanding cloud price models. Canadian organizations are increasingly adopting hybrid, multicloud environments for compute and storage capacity. External-facing business objectives include reducing costs and supporting personalized customer engagement, while internal-facing objectives focus on improving staff productivity and cybersecurity. Canadian organizations need to address concerns around management, governance, security, and data protection in these environments. Working with an external IT partner can help mitigate these challenges and maintain a secure cloud environment.

CDW Corporation (Nasdaq: CDW) declares a quarterly cash dividend of $0.59 per common share, reinforcing its commitment to delivering value to stockholders. The company's capital allocation strategy has resulted in a 10-fold increase in dividends since its IPO in June 2013, returning approximately $6.1 billion to stockholders through share repurchases and dividends.

CDW Corporation (Nasdaq: CDW) announced second quarter 2023 results, with net sales decreasing by 8.5% compared to the same period last year. Gross profit increased by 1.1% and operating income decreased by 5.3%. The company also approved a quarterly cash dividend of $0.59 per share.

CDW Corporation (Nasdaq: CDW) announced the addition of Kelly J. Grier to its board of directors. Grier, former US Chair and Managing Partner of Ernst & Young LLP, brings extensive experience in global macroeconomic trends, financial reporting, and DEI leadership.

CDW Corporation will host a webcast conference call to discuss its second quarter 2023 results on August 2, 2023. The conference call will be accessible at investor.CDW.com.

CDW Corporation announces that CEO Christine A. Leahy will participate in a Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference.