earnings
confidence high
sentiment neutral
materiality 0.70
Insight Q2: Revenue $2.2B (-8% YoY), EPS $2.27 (+5%), gross margin expands to 21.0%
INSIGHT ENTERPRISES INC
2024-Q2 EPS reported
$4.01
revenue$4,541,147,000
- Net sales $2.2B, down 8% YoY; product sales -11%, services +8%; gross profit $453.4M (+5%), margin 21.0% (+260 bps).
- Cloud GP +21% YoY; Insight Core services GP +12% YoY; services net sales +8%.
- Diluted EPS $2.27 (+5%); adjusted diluted EPS $2.46 (-4%); adjusted EBITDA $141.4M (+3%).
- NA net sales down 9% to $1.7B; EMEA -6% to $368.9M; APAC flat at $60.4M; earnings from ops +11% to $131.1M.
- CEO cites cloud/services growth driving improved economics; strategy of becoming a Solutions Integrator.