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01.06.25 - 17:21
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Trump Admin Targets Tech Contracts With Feds To Streamline Bloated Gov′t (ZeroHedge)
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Trump Admin Targets Tech Contracts With Feds To Streamline Bloated Gov't
A new report cites an internal memo from the General Services Administration informing 'Big Tech' that the Trump administration is expanding its cost-cutting review of federal contractors beyond consulting firms to include now technology providers—specifically value-added resellers (VARs) like Dell and CDW.
The letter, obtained by The Wall Street Journal, was sent by Josh Gruenbaum, Commissioner of the GSA's Federal Acquisition Service, to 10 tech firms in recent weeks, demanding an explanation of services and a breakdown of costs and markups, targeting inflated pricing practices and inefficiencies.
Gruenbaum oversees the review of federal contractors and has given tech firms until June 11 to respond. The US spends a staggering $82 billion annually on IT products and services through a complex procurement process. He noted that some of these services carry excessive markups and inflate costs to taxpayers, warni...
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07.05.25 - 15:48
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CDW Earnings Up In Q1 (AFX)
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WASHINGTON (dpa-AFX) - CDW Corp. (CDW), a provider of information technology solutions, on Wednesday announced that net income increased in the first quarter compared with the previous year. For t......
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07.05.25 - 13:06
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CDW Declares Quarterly Cash Dividend of $0.625 Per Share (Business Wire)
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Reinforces Ongoing Commitment to Delivering Value to Stockholders
VERNON HILLS, Ill.--(BUSINESS WIRE)--CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced that its Board of Directors has declared a quarterly cash dividend of $0.625 per common share to be paid on June 10, 2025 to all stockholders of record as of the close of business on May 26, 2025. Future dividends will be subject to approval by CDW's Board of Directors.
"Dividends represent an important component of our capital allocation priorities, along with share repurchases, strategic M&A and managing our capital structure," said Albert J. Miralles, chief financial officer, CDW. "Since our IPO in June 2013, our dividend has increased nearly fifteen-fold, with eleven consecutive years of increases, and we have returned approximately $7.4 billion to stockholders through share r...
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07.05.25 - 13:06
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CDW Reports First Quarter 2025 Earnings (Business Wire)
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VERNON HILLS, Ill.--(BUSINESS WIRE)--CDW Corporation (Nasdaq: CDW):
(Dollars in millions, except per share amounts and percentage)
Three Months Ended March 31,
2025
2024
Percent
Change
Net sales
$
5,199.1
$
4,872.7
6.7
Gross profit
$
1,122.3
$
1,063.3
5.5
Gross profit margin
21.6
%
21.8
%
Operating income
$
361.4
$
328.0
10.2
Operating income margin
7.0
%
6.7
%
Non-GAAP operating income1
$
444.0
$
403.5
10.0
Non-GAAP operating income margin1
8.5
%
8.3
%
Net income
$
224.9
$
216.1
4.1
Non-GAAP net income1
$
286.5
$
260.8
9.9
Net income per diluted share
$
1.69
$
1.59
6.1
Non-GAAP net income per diluted share1
$
2.15
$
1.92
11.9
Average daily sales2
$
82.5
$
76.1
8.4
1 Non-GAAP measures used in this release that are not based on accounting principles generally accepted in the United States of America ("US GAAP") are each defined and reconciled to the most directly compar...
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