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Cdw Corporation
CDW Corporation, also known as CDW, is a leading provider of information technology (IT) solutions and services in the United States. The company was founded in 1984 and is headquartered in Lincolnshire, Illinois. As a publicly traded company, CDW is listed on the NASDAQ stock exchange under the ticker symbol CDW.
Here are some key aspects of CDW's business and financial performance:
Industry: Information Technology Services
Sector: Technology
Sub-Industry: Technology Distributors
About CDW:
CDW is a Fortune 500 company that provides a range of IT solutions and services to businesses, government agencies, and educational institutions. Their offerings include hardware, software, and services from various vendors, as well as advisory and implementation services. They have a diverse portfolio of products and services, a strong portfolio of cybersecurity solutions and services, and a skilled team of experts who can help organizations design, deploy, and manage their technology infrastructure.
Revenue:
CDW's revenue primarily comes from the sale of IT products and services to their customers. Their revenue stream is diversified across various categories such as hardware, software, and services. In 2022, their total revenue was $21.3 billion, with gross profit margins of around 27%.
Key Financial Metrics:
CDW's financial performance is often evaluated using key metrics such as revenue growth, net income, and earnings per share (EPS). In 2022, their revenue grew by 14.5% over the previous year, with a net income of $830 million and an EPS of $6.38. The company's strong financial performance has enabled it to invest in its business, pay dividends, and repurchase shares.
Growth and expansion:
CDW has a solid track record of growing its business through both organic growth and strategic acquisitions. They have made several significant acquisitions over the years, including the purchase of Kelway, a UK-based IT solutions provider, and the acquisition of Scalar Decisions Inc., a Canadian IT solutions provider.
Future Outlook and Prospects:
The IT services industry is growing rapidly, with an increasing need for digital transformation, cybersecurity, and cloud services. CDW is well-positioned to benefit from these trends, given their broad portfolio of products and services, their strong vendor relationships, and their expertise in cloud computing, cybersecurity, and data center solutions.
In conclusion, CDW is a leading IT solutions provider with a comprehensive portfolio of products and services, a solid track record of growth, and a strong financial position. Their expertise in cloud computing, cybersecurity, and data center solutions positions them well for future growth as businesses continue to digitalize and adopt new technologies.
In summary, CDW Corporation is a thriving public company that is strategically positioned in the IT services industry. They consistently achieve strong financial performance, grow their business, and remain well-positioned to take advantage of the rapid growth in digital transformation and technology adoption.
However, it is essential to note that stock market performance can be volatile and subject to various factors, such as global economic conditions, industry trends, and investor sentiment. Investors and stakeholders should conduct thorough research and analysis to make informed investment decisions about CDW and any publicly traded company.
It is always a good idea to do your own research and consider various sources before making investment decisions. You can visit CDW's investor relations website or view their filings with the Securities and Exchange Commission (SEC) to learn more about their financial performance and business operations.