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Stock impact report

CDW (CDW) Surges 9.2%: Is This an Indication of Further Gains? [Yahoo! Finance]

CDW Corporation (CDW) 
Last cdw corporation earnings: 2/6 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cdw.com
Company Research Source: Yahoo! Finance
This compares to the stock's 12.1% loss over the past four weeks. The increase in share price can be attributed to the expanding business momentum that CDW is experiencing across all its sales units and global markets. CDW's cloud and SaaS business has experienced strong growth. In the fourth quarter, software sales increased by 5%, driven by double-digit growth in SaaS and IaaS. Customers concentrated on cost savings, opting for cloud, SaaS, and consulting services. The cloud significantly impacted profits, with gross profit rising in the mid-teens. Security also contributed, showing high single-digit growth in both revenue and profit. Services experienced high demand, resulting in a 10% revenue increase and double-digit profit growth. CDW Managed Services grew by over 20%. With more than 250,000 customers, CDW aims to remain a top IT partner and plans to outpace the U.S. IT market by 2–3% in 2025. Synergy from Mission Cloud Services acquired in December 2024, bodes well for th Show less Read more
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