Insight Enterprises (NSIT) Misses Q1 EPS by 11c
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Insight Enterprises, Inc. Reports First Quarter Results and Confirms Full Year Guidance
May 2, 2023 8:00 AM EDTCHANDLER, Ariz.--(BUSINESS WIRE)-- Insight Enterprises, Inc. (NASDAQ: NSIT) (the Company) today reported financial results for the quarter ended March 31, 2023. Highlights include:
Gross profit increased 3% year over year to $391.3 million with gross margin expanding 250 basis points to 16.8% Record gross margin in North America of 17.2% Earnings from operations decreased 3% year to year to $77.5 million Adjusted earnings from operations increased 5% year over year to $94.0 million Diluted earnings per share of $1.34 decreased 12% year to year Adjusted diluted earnings per share of $1.78 decreased 2% year to... More