Insight Enterprises reports developments as a global Solutions Integrator that combines hardware, software and services for enterprise, government, education and healthcare clients. Company news commonly centers on quarterly and annual results, net sales, gross profit, margins, product and services mix, and performance across North America, EMEA and APAC.
Updates also cover Insight's cloud, core services, digital workplace, data center, IT modernization, cybersecurity and supply-chain optimization activities. Other recurring items include AI-focused solution initiatives, digital commerce partnerships, investor conference participation, leadership succession, equity compensation disclosures and common stock repurchase authorizations.
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.
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Byos announced a strategic partnership with Insight Enterprises (NASDAQ:NSIT) to enhance endpoint security solutions. This collaboration aims to widen Byos' market reach amidst rising demand for secure remote working tools, particularly the Byos µGateway. The µGateway offers micro-segmentation and plug-and-play implementation, addressing challenges posed by untrusted networks. Insight's leadership in technology solutions complements Byos' innovative security approach, providing organizations with essential tools for managing remote device security effectively.
Insight Enterprises (NASDAQ:NSIT) reflects on the evolution of 'anywhere operations' in its recent spring issue of Tech Journal. The publication highlights how businesses are adapting to remote work and digital-first strategies after a challenging year. Key themes include the importance of cloud infrastructure, cybersecurity, and optimizing remote work solutions. Insights from industry leaders emphasize the need for cultural shifts alongside technological advancements. This edition aims to guide organizations towards sustainable digital operations and maximizing IT value.
Insight Enterprises (NASDAQ: NSIT) is participating in The CEO Forum’s Transformative CEO Summit, a virtual event for 500 CEOs discussing modern business solutions. Stan Lequin, senior vice president, is leading a workgroup focused on "Rebooting Society" and how digital transformation can create new opportunities post-COVID-19. Lequin emphasizes the necessity for strong digital strategies in today's changing business landscape. The summit features notable keynote speakers, including CEOs from Siemens and AARP, highlighting the importance of digital engagement in business.