IT Distributors Q4: Mixed Results, Booming Cloud Adoption
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
IT distribution and solutions stocks closed Q4 with mixed results, despite beating revenue estimates by 2.3%. However, guidance for Q1 fell short by 0.8%. Cloud adoption, complex IT setups, and cybersecurity needs drove growth, but hardware demand decreased, impacting margins. Investors were unimpressed, with shares dropping an average of 5.7%. ePlus led with 24.6% growth, yet stocks fell 14.4%. Ingram Micro grew 11.5% and stocks rose 4.7%. Despite beats, the market remains cautious due to AI disruptions and broader supply concerns.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/9fae6642a02f56f9