CDW Corp (CDW), a leading provider of IT solutions, witnessed a pre-market surge of 5.35% on Wednesday, February 5, 2025. This upward movement can be attributed to the company's robust fourth-quarter 2024 financial performance and positive outlook for 2025.

According to the earnings report released on February 5, CDW exceeded analysts' estimates for both revenue and earnings in the fourth quarter. The company reported net sales of $5.19 billion, surpassing the consensus estimate of $4.93 billion. Adjusted earnings per share (EPS) stood at $2.48, outperforming the expected $2.32 per share.

CDW's strong performance was driven by growing demand for its IT solutions, as businesses continued to invest in cloud-based services, cybersecurity, and hardware products. The company's corporate segment, which accounts for a substantial portion of its revenue, saw a 4.2% year-over-year increase in sales.

Additionally, CDW announced a $750 million increase in its share repurchase program and a 1% hike in its quarterly cash dividend, signaling confidence in its future growth prospects and a commitment to returning value to shareholders.

Looking ahead, CDW aims to outpace the overall IT market growth by 200 to 300 basis points in 2025, leveraging its consultative solutions strategy and customer-centric approach. The company's focus on meeting evolving customer needs and guiding them through their AI journey is expected to further solidify its position as a trusted partner for leading technology brands.