Insight Q2 EPS drops 10% to $2.17; revenue falls 14% to $2.3B

INSIGHT ENTERPRISES INC

2023-Q2 EPS reported $3.51 revenue$4,673,543,000

Gross profit down 1% to $433M; record gross margin 18.4% (up 240 bps YoY).
Adjusted diluted EPS $2.56, down 8% YoY; adjusted op income $129.7M, down 8%.
Cloud gross profit grew 12%, Insight Core services gross profit grew 7% YoY.
North America sales down 16%, EMEA down 8%, APAC down 13%.
Cash from ops $27.8M in Q2, $188M for H1 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

INSIGHT ENTERPRISES INC reported the quarter ended June 30, 2023 results: revenue $2.3 billion, net income $80.5 million, EPS $2.17.

Period: the quarter ended June 30, 2023
Revenue: $2.3 billion
Net income: $80.5 million
EPS: $2.17
Result: reported results

Exact text from the filing

Cloud gross profit, and record Adjusted EBITDA margin of 5.9%” Mullen stated. KEY HIGHLIGHTS Results for the Quarter: • Consolidated net sales for the second quarter of 2023 of $2.3 billion decreased 14%, year to year, when compared to the second quarter of 2022. Product net sales decreased 17%, year to year, and services net sales increased 2%, year over year. •

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Source: SEC EDGAR

accession 0001628280-23-027030

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