Insight Enter Stock Price, News & Analysis

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.

Insight Enterprises (NASDAQ: NSIT) has launched its 2021 “Be ambitious” campaign aimed at helping clients overcome IT challenges and embrace digital transformation. The campaign emphasizes providing innovative technology solutions and services across various sectors. Notable projects highlighted include enhancing employee safety at Harris Teeter, enabling remote work for Westerra Credit Union, and offering broadband solutions to underserved students in Hidalgo County.

Insight Enterprises has expanded its Managed VDI services by adding Citrix Virtual Apps and Desktops to its portfolio. This integration enables organizations to efficiently manage virtual environments, reducing costs and complexity while enhancing employee productivity.

The cloud-based VDI solutions leverage platforms like Microsoft Azure, enabling clients to scale resources as needed. Services include management support, image updates, and 24/7 admin assistance, allowing IT teams to concentrate on strategic initiatives.