Key Points
Nov 1 (Reuters) - CDW (CDW.O) reported third-quarter revenue below estimates on Wednesday on lower demand for the company's information technology solutions as customers struggling with high borrowing costs cut back spending and defer projects...
"Continued economic uncertainty has led customers to focus their business priorities, resulting in a reduction or delays in their technology spend," the company said.. CDW, which has products ranging from notebooks to data center services, posted third-quarter net sales of $5.63 billion compared with analysts' estimate of $5.86 billion, according to LSEG data...
The company, however, beat third-quarter profit estimates on the back of higher margins and reduced discretionary spending...
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