Nov 4 (Reuters) - IT solutions provider CDW beat
Wall Street estimates for third-quarter profit on Tuesday, as
enterprise customers increased tech budgets and embraced
artificial intelligence cloud adoption.
Growing demand for AI-related cloud and infrastructure to
support intensive computing has boosted the need for CDW's IT
solutions, which include hardware, software and services for
sectors like healthcare, government and education.
CDW's chief financial officer, Albert Miralles, said strong
performance in services and cloud was a key driver of growth and
margins in the quarter.
The company, whose supply partners include Apple ( AAPL ),
Dell, IBM ( IBM ) and Cisco ( CSCO ), reported a 3%
rise in adjusted profit to $2.71 per share for the quarter,
beating the estimates of $2.62 per share, according to data
compiled by LSEG.
Net sales rose 3.8% to $5.74 billion, narrowly missing
estimates of $5.75 billion.