Insight Q1 net sales down 12% to $2.3B, gross margin expands 250bps, adjusts EPS -2%

KEY HIGHLIGHTS Results for the Quarter: • Consolidated net sales for the first quarter of 2023 of $2.3 billion decreased 12%, year to year, when compared to the first quarter of 2022. Product net sales decreased 15%, year to year, and services net sales increased 5%, year over year. • Net sales in North America decreased 11%, year to year, to $1.8 billion; ◦ Product net sales decreased 14%, year to year, to $1.6 billion; ◦ Services net sales increased 4%, year over year, to $283.5 million; • Net sales in EMEA decreased 20%, year to year, to $427.0 million; and • Net sales in APAC increased 15%, year over year, to $63.0 million. • Excluding the effects of fluctuating foreign currency exchange rates, consolidated net sales decreased 11%, year to year, with declines in net sales in North America and EMEA of 11% and 13%, year to year, respectively, partially offset by growth in net sales in APAC of 21%, year over year. - MORE - Insight Enterprises, Inc. 2701 E. Insight Way Chandler, Arizon