Insight Enterprises Q3 adjusted EPS rises 19% to $2.37; revenue down 11%

INSIGHT ENTERPRISES INC

2023-Q3 EPS reported $5.13 revenue$6,939,829,000

Net sales $2.3B, down 11% YoY; services net sales up 3%, product net sales down 13%.
Gross profit $408.9M up 2% YoY; gross margin 18.0%, expanding 220 bps to a Q3 record.
Diluted EPS $1.62 up 3%; adjusted diluted EPS $2.37 up 19%, a Q3 record.
Cloud gross profit +17%, core services gross profit +20% YoY.
FY 2023 adjusted diluted EPS guidance reaffirmed at $9.40-$9.60.

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 0.9

INSIGHT ENTERPRISES INC reported the quarter ended September 30, 2023 results: net income $60.2 million, EPS $1.62. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Net income: $60.2 million
EPS: $1.62
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 2, 2023, Insight Enterprises, Inc. announced by press release its results of operations for the third quarter ended September 30, 2023.

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INSIGHT ENTERPRISES INC filing history →

Source: SEC EDGAR

accession 0001628280-23-036219

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