Insight Enterprises (NSIT) reported $2.16 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 8%. EPS of $2.46 for the same period compares to $2.56 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.45 billion, representing a surprise of -11.60%. The company delivered an EPS surprise of -13.68%, with the consensus EPS estimate being $2.85. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Insight Enterprises (NSIT) came out with quarterly earnings of $2.46 per share, missing the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $2.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -13.68%. A quarter ago, it was expected that this information technology provider would post earnings of $1.82 per share when it actually produced earnings of $2.37, delivering a surprise of 30.22%. Over the l ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE NASDAQ: NSIT INSIGHT ENTERPRISES, INC. REPORTS SECOND QUARTER RESULTS CHANDLER, AZ – August 1, 2024 – Insight Enterprises, Inc. (NASDAQ: NSIT) (the "Company") today reported financial results for the quarter ended June 30, 2024. Highlights include: • Gross profit increased 5% year over year to $453.4 million with gross margin expanding 260 basis points to 21.0% • Insight Core services gross profit grew 12% year over year • Cloud gross profit grew 21% year over year • Conso ...

Have you looked into how Insight Enterprises (NSIT) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this information technology provider, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Inve ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Insight Enterprises Inc (NASDAQ:NSIT) Q1 2024 Results Conference Call May 2, 2024 9:00 AM ET Company Participants James Morgado - Senior VP of Finance & North America CFO Joyce Mullen - President, CEO & Director Glynis Bryan - Chief Financial Officer Conference Call Participants Joseph Cardoso - JPMorgan Adam Tindle - Raymond James Anthony Lebiedzinski - Sidoti & Company Victor Santiago - Stifel Vincent Colicchio - Barrington Research Operator Hello, and welcome to the Insight Enterprises First Quarter 2024 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 0-25092 INSIGHT ENTERPRISES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE NASDAQ: NSIT INSIGHT ENTERPRISES, INC. REPORTS RECORD FIRST QUARTER RESULTS CHANDLER, AZ – May 2, 2024 – Insight Enterprises, Inc. (NASDAQ: NSIT) (the "Company") today reported financial results for the quarter ended March 31, 2024. Highlights include: In the first quarter of 2024, net sales increased 2%, year over year, and we achieved record gross profit of $440.9 million, an increase of 13%, year over year. Gross margin expanded 170 basis points compared to the first qu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to ___________. Commission File Number: 0-25092 INSIGHT ENTERPRISES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

Financial Data and Key Metrics - Adjusted diluted earnings per share grew by 18% in Q4 2023, driven by acquisitions made in the second half of the year [14] - Total gross profit increased by 4% despite a decline in hardware gross profit, with cloud and services driving growth [15] - Gross margin expanded by 250 basis points to 18.2% for the full year 2023 [18] - Cloud gross profit grew 26% to $429 million in 2023 [18] - Insight Core Services gross profit grew 8% to $273 million in 2023 [19] - Adjusted EBITDA margin expanded by 100 basis points to 5.7% in 2023 [19] - Operating cash flow was $620 million in 2023, a significant increase from $98 million in 2022 [19] - Net revenue for 2023 was $9.2 billion, a decrease of 12% year-over-year [42] - Adjusted diluted earnings per share for 2023 were $9.69, up 6% [43] - Q4 2023 net revenue was $2.2 billion, a decrease of 11% year-over-year, primarily due to a 22% decline in hardware [46] - Cloud gross profit in Q4 2023 was $130 million, an increase of 43% [47] - Adjusted diluted earnings per share for Q4 2023 was $2.98, up 18% [47] Business Line Performance - Device revenue showed sequential improvement but demand remained muted in Q4 2023 [14] - Infrastructure orders softened in December 2023 as clients deployed shipments from earlier in the year [15] - Cloud and Insight Core Services were standout performers in Q4 2023, driven by acquisitions [38] - Hardware revenue declined by 22% in Q4 2023, primarily due to devices and infrastructure [46] - Cloud and Insight Core Services gross profit growth offset the decline in hardware revenue [46] Market Performance - The company made strategic acquisitions in the UK (Amdaris) and North America (SADA) to expand cloud and services capabilities [21][22] - SADA contributed 110 basis points to the total gross margin expansion in Q4 2023 [52] - The company expects cloud gross profit to grow in excess of 35% and Insight Core Services gross profit to grow in excess of 20% in 2024 [58] Company Strategy and Industry Competition - The company aims to become the leading solutions integrator, focusing on four key pillars: putting clients first, delivering differentiation, championing culture, and driving profitable growth [26] - Cybersecurity is a critical offering, with the company providing comprehensive solutions to clients, including a global consumer products company that experienced a cyberattack [27][28][29] - The company launched initial Gen AI offerings, which have been well-received by clients [17] - The company signed a multi-year strategic partner framework with Microsoft, focusing on Azure and Microsoft 365 offerings, including Gen AI [33] Management Commentary on Operating Environment and Future Outlook - The company expects device demand to improve in the first half of 2024, with a more meaningful contribution later in the year as upgrade cycles begin [34] - Infrastructure backlog has normalized, and demand is expected to remain soft for a few quarters as clients digest equipment acquired in 2023 [90] - The company anticipates cloud and Insight Core Services to continue driving growth in 2024, with cloud gross profit expected to grow over 35% and Insight Core Services gross profit expected to grow over 20% [58] - The company expects adjusted diluted earnings per share for 2024 to be between $10.50 and $10.80, representing a 10% growth at the midpoint [61] Other Important Information - The company repurchased over $200 million of shares in 2023 [20] - The company has approximately $1.1 billion available under a $1.8 billion ABL facility as of the end of Q4 2023 [44] - The company expects operating cash flow in 2024 to be in the range of $300 million to $400 million [49] Q&A Session Summary Question: How are customer IT budgets shaping up for 2024, and what are the key investment priorities? - The company expects the first half of 2024 to be lighter, with more strength in the second half [73] - Budget priorities remain focused on security, with some softening in infrastructure and increased interest in device refresh due to Windows 11 and AI-enabled PCs [74][75] - AI investments are expected to be more back-end loaded, with device refresh likely to strengthen in the second half of 2024 [77] Question: Why is operating expense growth expected to outpace gross profit growth in 2024? - The higher operating expense growth is primarily due to the SADA acquisition, which has higher SG&A growth relative to gross profit growth [80][84] - The company is focused on revenue synergies rather than cost synergies for SADA in 2024 [80] Question: What is the outlook for hardware recovery, particularly in infrastructure and devices? - Infrastructure demand is expected to remain soft for a few quarters as clients digest equipment acquired in 2023 [90] - Device demand is expected to improve sequentially, with mid-single-digit growth expected for hardware overall in 2024 [94] Question: How does the company view the impact of AI-enabled PCs on device spending? - AI-enabled PCs are generating interest, but the company does not believe they are a primary driver of device spending caution [118] - Device refresh is expected to be driven by aging notebooks, Windows 11, and hybrid work requirements [111] Question: What is the company's outlook for operating expense growth beyond 2024? - The company expects operating expenses to grow at a lower rate than gross profit growth in the future, consistent with its long-term KPIs [121] Question: How did the pricing and profitability initiatives perform in Q4 2023? - The pricing and profitability initiatives performed as expected, with the company pleased with the results and expecting continued improvement [126] Question: What are the growth prospects for North America versus EMEA in 2024? - North America is expected to be stronger, with growth across all segments, while EMEA is also expected to improve [127]