earnings
confidence high
sentiment negative
materiality 0.75
Insight Q3 net sales down 8% to $2.1B; diluted EPS $1.52 (-6% YoY)
INSIGHT ENTERPRISES INC
2024-Q3 EPS reported
$5.53
revenue$6,629,033,000
- Net sales $2.1B (-8% YoY); gross profit $432M (+6%); gross margin 20.7% (+270bps).
- Diluted EPS $1.52 (-6% YoY); adjusted diluted EPS $2.19 (-8% YoY).
- Cloud gross profit grew 33% YoY; Insight Core services gross profit +14%.
- NA sales -8%, EMEA -12%, APAC +15%; management cites cautious IT spending.
- CEO says Q3 did not meet expectations; near-term outlook remains cautious.