CDW reports strong Q4 revenue growth driven by IT solutions demand

CDW reported fourth-quarter net sales of $5.19 billion, surpassing estimates of $4.93 billion. This growth was driven by strong demand for IT solutions, particularly from small- and medium-sized businesses. The corporate segment, CDW's largest revenue source, increased by 4.2% to $2.35 billion, exceeding expectations. Adjusted earnings per share were $2.48, above the forecast of $2.32. The company also announced a $750 million increase in its share repurchase program and a quarterly cash dividend of $0.625 per share, a 1% rise from last year.