Insight Enterprises (NSIT) Tops Q3 EPS by 24c, Revenues Miss; Offers FY20 EPS Guidance Above Consensus, FY20 Revenue Outlook Below Consensus

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Go back to Insight Enterprises (NSIT) Tops Q3 EPS by 24c, Revenues Miss; Offers FY20 EPS Guidance Above Consensus, FY20 Revenue Outlook Below Consensus

Insight Enterprises, Inc. Reports Third Quarter 2020 Results

November 3, 2020 8:00 AM EST

TEMPE, Ariz.--(BUSINESS WIRE)-- Insight Enterprises, Inc. (Nasdaq: NSIT) (the Company) today reported financial results for the quarter ended September 30, 2020. Highlights include:

Gross profit increased 11% to $307.6 million Gross margin expanded 150 basis points to 15.9% Earnings from operations increased 38% to $61.5 million Adjusted earnings from operations increased 22% to $71.8 million Diluted earnings per share increased 45% to $1.10 Adjusted diluted earnings per share increased 25% to $1.38 Cash flow provided by operations in the first nine months of 2020 was $462.1 million compared to $168.6 million in the first nine... More