Published on 2 May 2024 on GuruFocus.com via Yahoo Finance
Insight Enterprises Inc (NSIT) Achieves Record First Quarter Results, Surpassing Analyst ...
Gross Profit: Increased by 13% year-over-year to $440.9 million, with gross margin expanding by 170 basis points to a record 18.5%.Net Income: Reported at $67.0 million, up from the previous year, surpassing the estimated $63.57 million.Earnings Per Share (EPS): Diluted EPS reached $1.74, up 30% year-over-year, slightly below the estimated $1.81.Revenue: Total revenue was $2.4 billion, showing a 2% increase year-over-year, closely aligning with the estimated $2.398 billion.Segment Performance: Services net sales grew by 17% year-over-year, while product net sales remained flat.Geographical Insights: North America net sales increased by 4% year-over-year, while EMEA and APAC experienced a decrease in sales.Adjusted Metrics: Adjusted diluted EPS was $2.37, marking a 33% increase year-over-year and showcasing robust profit growth.
Warning! GuruFocus has detected 7 Warning Sign with NSIT.