Welcome to our dedicated page for Insight Enter news (Ticker: NSIT), a resource for investors and traders seeking the latest updates and insights on Insight Enter stock.
Insight Enterprises, Inc. (NASDAQ: NSIT) is a global Fortune 500 Solutions Integrator that regularly issues news on technology partnerships, acquisitions, AI initiatives, and financial performance. Classified in Business to Business Electronic Markets within the Wholesale Trade sector, Insight uses its network of more than 6,000 technology partners to architect, build, and manage solutions for complex IT environments across cloud, data, AI, cybersecurity, and intelligent edge.
News about Insight often highlights its role in major technology collaborations. For example, the company has announced an expanded global partnership with Stripe, where Insight serves as an exclusive launch partner for Stripe’s next generation of AI-driven commerce and participates as an EMEA launch partner for the Agentic Commerce Protocol. Other releases describe work with NVIDIA and Dell Technologies to design and implement AI infrastructure for networking and security as a service providers.
Investors and followers of NSIT can also expect regular updates on Insight’s financial results, including quarterly earnings releases that provide detail on net sales, gross profit, and earnings from operations across North America, EMEA, and APAC. These announcements frequently include both GAAP and non-GAAP (Adjusted) metrics, as well as commentary on trends in product and services net sales.
Corporate development and strategy are another recurring theme in Insight’s news flow. The company has reported acquisitions such as Inspire11, a business transformation and technology delivery firm with deep data and AI expertise, and a definitive agreement to acquire Sekuro, a cybersecurity and digital resiliency provider. Insight also issues releases about investor conference participation and AI-focused offerings like Insight AI, which bundles platforms such as Prism, Radius, and Devshop. For ongoing coverage of these developments, the NSIT news page aggregates press releases and related updates in one place.
Insight Enterprises (NASDAQ: NSIT) and Intel have awarded three organizations a total of $150,000 in the Connected Workplace Makeover Contest. Each winner, including River Valley Counseling Center and Lane Regional Medical Center, will receive IT consultation and $50,000 worth of 11th Gen Intel Core Processor devices. The contest aims to support small to mid-sized companies facing challenges in adapting to pandemic-related changes in technology.
The winners were chosen based on critical IT needs in productivity, security, and total cost of ownership.
Insight Enterprises (NASDAQ: NSIT) has been recognized for the second consecutive year at the Microsoft Security 20/20 Awards, winning the title of Microsoft Azure Security Deployment Partner of the Year. This honor highlights the company's excellence in integrating Microsoft technology into security solutions for clients. The award ceremony took place on May 12, showcasing 18 categories recognizing partners who excelled in security and compliance during the past year. Insight aims to continue leveraging Microsoft’s security innovations to enhance client operations in 2022.
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Insight Enterprises (Nasdaq: NSIT) will participate in the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 25, 2021, at 11:00 A.M. ET. The presentation will feature Ken Lamneck, CEO, and Glynis Bryan, CFO. Investors can watch the live broadcast on the company's investor relations website at investor.insight.com, where additional resources are available.
Insight is a Fortune 500 IT provider assisting businesses of all sizes in managing their IT environments.
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Insight Enterprises (NASDAQ: NSIT) announced the retirement of Ken Lamneck as President and CEO effective December 31, 2021. Lamneck, who has been with the company since 2010, will assist in the search for his successor while transitioning to an advisory role. Under his leadership, sales grew from $4.1B in 2009 to $8.3B in 2020, with the stock price rising from $11.42 to over $100, marking an 800% increase.
Lamneck's leadership cultivated a culture of inclusivity, earning numerous accolades.
Insight Enterprises reported Q1 2021 results with net sales of $2.2 billion, a 2% increase year over year. Earnings from operations rose 27% to $67 million, while diluted EPS reached $1.18, up 24%. Adjusted EPS was flat at $1.30. North American sales decreased 1%, but EMEA and APAC saw increases of 14% and 17%, respectively. Gross profit rose 2% to $331 million, though gross margin contracted slightly. The company authorized a $125 million stock repurchase program and maintained guidance for 2021, projecting 4% to 8% sales growth and adjusted diluted EPS between $6.60 and $6.80.
Insight Enterprises (NASDAQ: NSIT) is hosting a virtual roundtable today at 2 p.m. EDT titled "Westerra’s Journey to Modern IT." The event will showcase how Westerra Credit Union successfully navigated the COVID-19 pandemic to enhance its remote work capabilities through Virtual Desktop Infrastructure (VDI) alongside Insight and VMware. Keynote speaker Daniel Groves will share insights on maintaining service for 120,000 members while securing remote access. The roundtable will also feature a Q&A session allowing participants to discuss adaptations to support remote work.
Jeff Shumway, CIO of Insight Enterprises (NASDAQ:NSIT), was named Global CIO of the Year at the 2021 ORBIE Awards. His leadership has resulted in significant integrations, including unifying 11 ERP systems post-acquisition of PCM, Inc. Other executives, John Dathan and Samuel C. Cowley, were also recognized as finalists for their contributions. Dathan led a team expansion to over 630 members, while Cowley's legal team has established innovative programs, enhancing Insight's operational efficiency amidst the pandemic. Insight's focus on technology integration continues to drive business growth.
Insight Enterprises (Nasdaq: NSIT) will announce its financial results for Q1 2021 on May 6, 2021, before market open. A conference call and live webcast will follow at 9:00 a.m. ET to discuss the operational results. Interested participants can register for the call via the provided event link, where they will receive dial-in details and instructions. The company, a Fortune 500 IT provider, aids various organizations in optimizing their IT environments to achieve significant business outcomes.