Insight Enter Stock Price, News & Analysis

Insight Enterprises (NASDAQ: NSIT) recently hosted its annual Synergy 22 partner summit, attracting 1,100 IT experts from 250 tech companies. The conference's theme, “Be Ambitious,” highlighted discussions on enhancing digital transformation initiatives. Key survey findings revealed that 47% of IT decision-makers are directing funds towards business transformation. Insight, with over 6,000 partnerships, awarded numerous partners for exceptional collaboration.

Amid increased investment in digital solutions, the focus remains on innovation in cybersecurity, AI, and modern workplace experiences.

Insight Enterprises' 2022 report reveals that 95% of IT decision makers indicate the pandemic has accelerated business transformation priorities. Key findings include that 63% are seeking new talent, while 89% are shifting more IT projects to external partners. A significant 91% report being impacted by IT supply chain disruptions. Investment priorities for IT leaders focus on security (51%), cloud infrastructure (37%), and data analytics (37%). The report emphasizes the importance of outside collaboration to navigate IT challenges and drive transformation.

Insight Enterprises (NASDAQ: NSIT) has been awarded the Cisco Partner Summit Global award as the 2021 IoT/Industry Partner of the Year. This recognition highlights Insight's innovative practices and successful strategies in addressing business challenges through IoT solutions. The award reflects the strong partnership between Insight and Cisco, demonstrating their commitment to enhancing service levels and operational efficiency for clients. Cisco's senior vice president praised Insight for its superior performance and ability to deliver value to customers.

Insight Enterprises reported a strong third quarter for 2021, with net sales soaring 26% year over year to $2.45 billion. Gross profit also rose by 19% to $364.5 million, despite a 100 basis point contraction in gross margin to 14.9%. Earnings from operations jumped 35%, reaching $83.2 million. Notably, diluted earnings per share increased 37% to $1.51. The company anticipates low double-digit net sales growth for the full year and predicts adjusted diluted earnings per share between $7.00 and $7.10.

Insight Enterprises has been recognized as a key player in the Gartner 2021 Magic Quadrant for Software Asset Management (SAM) Managed Services. This validation highlights its comprehensive abilities to enhance cloud consumption and optimize IT workloads in multi-cloud environments. The firm’s SAM managed services, supported by 100+ experts, streamline software management and financial operations. Gartner forecasts a 20% CAGR for SAM managed services through 2023, driven by rising client needs for effective cloud governance and cost management.

Insight Enterprises, Inc. (NASDAQ: NSIT) will announce its financial results for the quarter ended September 30, 2021 before market open on November 4, 2021. A conference call and live webcast will follow at 9:00 a.m. ET to discuss these results. Investors can register for the call and access the live event through the company's investor relations page. Insight Enterprises provides Intelligent Technology Solutions to a range of organizations, including businesses, governments, and educational institutions.

Insight Enterprises has appointed Joyce Mullen as President and Chief Executive Officer, effective January 1, 2022. She succeeds Ken Lamneck, who will support her transition. Mullen previously served as North America President at Insight and held a 21-year career at Dell Technologies. Her leadership style focuses on people-first values and maintaining strong client relationships. Mullen also sits on the Board of The Toro Company. Insight Enterprises, a Fortune 500 company, delivers technology solutions to optimize business operations.