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CDW Beats Q1 Estimates as Healthcare and Education Drive Hardware, Software Demand

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CDW Corp. (CDW.O) exceeded Wall Street expectations for both revenue and profit in the first quarter of 2025, fueled by strong demand from healthcare, education, and public sector clients for IT hardware, software, and related services.

The Vernon Hills, Illinois-based IT distributor reported net sales of $5.20 billion, surpassing the $4.93 billion estimate (LSEG data), as end-markets showed signs of spending resilience despite ongoing economic uncertainty.

“While economic uncertainty continues to persist, certain end-markets experienced improved customer spending during the first quarter,” the company said in a statement.

Segment Highlights:

  • Public segment revenue: $1.88 billion, up 10.3% year-over-year

  • Corporate segment revenue: $2.23 billion, up 6.3%

  • Adjusted EPS: $2.15 vs. $1.96 expected

CDW’s public segment—serving sectors like healthcare and education—was a key driver of growth, while its corporate business remained the largest contributor overall. The company also noted continued demand for desktops, notebooks, mobile devices, cloud solutions, and cybersecurity services.

CDW partners with major vendors such as Cisco, Dell Technologies, HP, and Microsoft, delivering integrated IT solutions to enterprise, government, and institutional clients across the U.S., U.K., and Canada.

The results underscore CDW’s strong market position and ability to navigate industry headwinds, as organizations continue to prioritize digital transformation, remote access tools, and IT infrastructure upgrades.