CDW (NASDAQ: CDW) reported Q1 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue for the quarter came in at $3.32 billion versus the consensus estimate of $3.24 billion.

"We are off to a strong start to the year as we successfully addressed customer priorities across our diverse end-markets and delivered excellent topline growth and strong profitability," said Thomas E. Richards, chairman and chief executive officer of CDW. "In today's marketplace, the strength of our business model - underpinned by our balanced portfolio of customer end-markets, broad suite of product and technology solutions and focus on profitable growth will continue to serve us well."

"Strong operating results were amplified by share repurchases and we delivered a 12 percent increase in non-GAAP net income per diluted share," said Ann E. Ziegler, CDW's chief financial officer. "We continue to expect to achieve our 2016 to 2018 annual medium term target of constant currency low-double digit non-GAAP earnings per share growth in 2017."

“We are well-positioned to achieve our target of outpacing US IT market growth by 200 to 300 basis points on a constant currency basis in 2017. To accomplish this, we will maintain our laser-focus on meeting the needs of our more than 250,000 customers in the United States, Canada and the United Kingdom and remaining the partner of choice for more than 1,000 leading and emerging technology brands as the technology market continues to evolve," concluded Richards.

For earnings history and earnings-related data on CDW (CDW) click here.