Insight Enter Stock Price, News & Analysis

Insight Enterprises held its annual Synergy23 partner summit in Phoenix, drawing nearly 600 IT experts from around 100 technology providers. This year's theme, "Beyond," focused on Insight's ambition to lead as a solutions integrator in digital transformation. The company emphasized its role in providing comprehensive solutions that combine hardware, software, and services. Insight also recognized outstanding partners with awards, highlighting collaborations with major technology giants such as Microsoft, NVIDIA, and Cisco. With over 12,000 employees, Insight aims to assist organizations in maximizing technology value.

Insight Enterprises, Inc. (NASDAQ: NSIT) reported strong financial results for Q3 2022, with gross profit rising 10% to $399.3 million and earnings from operations increasing 9% to $90.3 million. Net sales reached $2.53 billion, a 4% year-over-year growth. Adjusted diluted earnings per share improved by 6% to $1.99, despite foreign currency and interest rate challenges. The company expects low double-digit net sales growth and adjusted diluted EPS between $8.65 and $8.75 for the full year 2022. Cloud solutions drove a remarkable 27% increase, showcasing robust performance amid economic volatility.

Insight Enterprises (NASDAQ: NSIT) will announce its financial results for Q3 2022 on November 3, 2022, before the market opens. A conference call is scheduled for 9:00 a.m. ET to discuss these results. Interested parties can register in advance to access the call, receiving necessary dial-in details via email. Insight is positioned as a Fortune 500 solutions integrator with over 11,500 employees, specializing in digital transformation and comprehensive technology solutions.

Insight Enterprises (NASDAQ:NSIT) has enhanced its managed security service with new extended detection and response (XDR) capabilities, improving security management for enterprises. This offering simplifies security while reducing operational costs and alleviating IT staff burdens. Key features include 24/7 visibility, machine learning analytics, rapid incident response, and cloud-native implementation. With over 1,500 security experts, Insight aims to deliver an outcome-based service that minimizes security fatigue among clients, evidenced by successful real-time threat detection in client environments.

Insight Enterprises (NASDAQ:NSIT) is set to host a virtual #WICxFortune100 Lunch & Learn event on Friday from noon to 1:30 pm PT, focusing on empowering women in IT. The event will feature a Leadership PowerTalk by Sarah Mpenza, along with a panel discussion and a roundtable led by recruitment leaders. Insight aims to improve workplace diversity and access to leadership roles for women in technology through partnerships with organizations like Women in Cloud. Register for the event to learn more about Insight's initiatives and company culture.

Insight Enterprises (Nasdaq: NSIT) will host its 2022 Investor Day on October 11, 2022, at Nasdaq MarketSite in New York from 9 a.m. to noon Eastern Time. Presentations will be led by President and CEO Joyce Mullen, CFO Glynis Bryan, and other management members, focusing on Insight's strategy as a leading solutions integrator. A live webcast will be available on the company's investor relations site, with a replay following the event. Additionally, the team will participate in the market open ceremony on October 10.

Insight Enterprises (NASDAQ:NSIT) has announced that its recently acquired subsidiary, Hanu, has been named a Niche Player in the Gartner Magic Quadrant for Public Cloud IT Transformation Service Providers for the second consecutive year. Hanu is recognized for its focus on cloud-native professional services, amidst a reported 600% rise in eligible providers. This recognition highlights Hanu’s robust vertical solutions, particularly in healthcare and manufacturing, and emphasizes their strategic Microsoft Azure partnership, aiding clients to improve key business metrics.