Aug 6 (Reuters) - CDW beat Wall Street estimates
for second-quarter results on Wednesday, helped by continued
demand for IT solutions from its healthcare and government
customers.
The increasing need for hybrid data centers by combining
cloud and on-premise infrastructure, has created new growth
opportunities for CDW.
CDW provides information technology solutions such as
security, cloud, hybrid infrastructure to business, government,
education and healthcare customers in the United States, the
United Kingdom and Canada.
The company has worked with key technology brands such as
Microsoft ( MSFT ), Cisco ( CSCO ) and Apple ( AAPL ) to offer a
wide variety of products and services.
"This quarter's results highlight the combined power of our
balanced portfolio of customer end-markets and broad product and
solutions suite, supported by the investments we've made in our
business combined with our customer centric strategy," CEO
Christine Leahy said.
CDW's public segment net sales grew 2% to $2.29 billion,
primarily driven by an increase in sales to healthcare and
government customers.
The company reported net sales of $5.98 billion for the
second-quarter ended June 30, beating analysts' estimate of
$5.51 billion, according to data compiled by LSEG.
On an adjusted basis, the company earned $2.60 per
share, compared with estimates of $2.49.