Have you looked into how Insight Enterprises (NSIT) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this information technology provider, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Inve ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 0-25092 INSIGHT ENTERPRISES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE NASDAQ: NSIT INSIGHT ENTERPRISES, INC. REPORTS RECORD FIRST QUARTER RESULTS CHANDLER, AZ – May 2, 2024 – Insight Enterprises, Inc. (NASDAQ: NSIT) (the "Company") today reported financial results for the quarter ended March 31, 2024. Highlights include: In the first quarter of 2024, net sales increased 2%, year over year, and we achieved record gross profit of $440.9 million, an increase of 13%, year over year. Gross margin expanded 170 basis points compared to the first qu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to ___________. Commission File Number: 0-25092 INSIGHT ENTERPRISES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

Financial Data and Key Metrics - Adjusted diluted earnings per share grew by 18% in Q4 2023, driven by acquisitions made in the second half of the year [14] - Total gross profit increased by 4% despite a decline in hardware gross profit, with cloud and services driving growth [15] - Gross margin expanded by 250 basis points to 18.2% for the full year 2023 [18] - Cloud gross profit grew 26% to $429 million in 2023 [18] - Insight Core Services gross profit grew 8% to $273 million in 2023 [19] - Adjusted EBITDA margin expanded by 100 basis points to 5.7% in 2023 [19] - Operating cash flow was $620 million in 2023, a significant increase from $98 million in 2022 [19] - Net revenue for 2023 was $9.2 billion, a decrease of 12% year-over-year [42] - Adjusted diluted earnings per share for 2023 were $9.69, up 6% [43] - Q4 2023 net revenue was $2.2 billion, a decrease of 11% year-over-year, primarily due to a 22% decline in hardware [46] - Cloud gross profit in Q4 2023 was $130 million, an increase of 43% [47] - Adjusted diluted earnings per share for Q4 2023 was $2.98, up 18% [47] Business Line Performance - Device revenue showed sequential improvement but demand remained muted in Q4 2023 [14] - Infrastructure orders softened in December 2023 as clients deployed shipments from earlier in the year [15] - Cloud and Insight Core Services were standout performers in Q4 2023, driven by acquisitions [38] - Hardware revenue declined by 22% in Q4 2023, primarily due to devices and infrastructure [46] - Cloud and Insight Core Services gross profit growth offset the decline in hardware revenue [46] Market Performance - The company made strategic acquisitions in the UK (Amdaris) and North America (SADA) to expand cloud and services capabilities [21][22] - SADA contributed 110 basis points to the total gross margin expansion in Q4 2023 [52] - The company expects cloud gross profit to grow in excess of 35% and Insight Core Services gross profit to grow in excess of 20% in 2024 [58] Company Strategy and Industry Competition - The company aims to become the leading solutions integrator, focusing on four key pillars: putting clients first, delivering differentiation, championing culture, and driving profitable growth [26] - Cybersecurity is a critical offering, with the company providing comprehensive solutions to clients, including a global consumer products company that experienced a cyberattack [27][28][29] - The company launched initial Gen AI offerings, which have been well-received by clients [17] - The company signed a multi-year strategic partner framework with Microsoft, focusing on Azure and Microsoft 365 offerings, including Gen AI [33] Management Commentary on Operating Environment and Future Outlook - The company expects device demand to improve in the first half of 2024, with a more meaningful contribution later in the year as upgrade cycles begin [34] - Infrastructure backlog has normalized, and demand is expected to remain soft for a few quarters as clients digest equipment acquired in 2023 [90] - The company anticipates cloud and Insight Core Services to continue driving growth in 2024, with cloud gross profit expected to grow over 35% and Insight Core Services gross profit expected to grow over 20% [58] - The company expects adjusted diluted earnings per share for 2024 to be between $10.50 and $10.80, representing a 10% growth at the midpoint [61] Other Important Information - The company repurchased over $200 million of shares in 2023 [20] - The company has approximately $1.1 billion available under a $1.8 billion ABL facility as of the end of Q4 2023 [44] - The company expects operating cash flow in 2024 to be in the range of $300 million to $400 million [49] Q&A Session Summary Question: How are customer IT budgets shaping up for 2024, and what are the key investment priorities? - The company expects the first half of 2024 to be lighter, with more strength in the second half [73] - Budget priorities remain focused on security, with some softening in infrastructure and increased interest in device refresh due to Windows 11 and AI-enabled PCs [74][75] - AI investments are expected to be more back-end loaded, with device refresh likely to strengthen in the second half of 2024 [77] Question: Why is operating expense growth expected to outpace gross profit growth in 2024? - The higher operating expense growth is primarily due to the SADA acquisition, which has higher SG&A growth relative to gross profit growth [80][84] - The company is focused on revenue synergies rather than cost synergies for SADA in 2024 [80] Question: What is the outlook for hardware recovery, particularly in infrastructure and devices? - Infrastructure demand is expected to remain soft for a few quarters as clients digest equipment acquired in 2023 [90] - Device demand is expected to improve sequentially, with mid-single-digit growth expected for hardware overall in 2024 [94] Question: How does the company view the impact of AI-enabled PCs on device spending? - AI-enabled PCs are generating interest, but the company does not believe they are a primary driver of device spending caution [118] - Device refresh is expected to be driven by aging notebooks, Windows 11, and hybrid work requirements [111] Question: What is the company's outlook for operating expense growth beyond 2024? - The company expects operating expenses to grow at a lower rate than gross profit growth in the future, consistent with its long-term KPIs [121] Question: How did the pricing and profitability initiatives perform in Q4 2023? - The pricing and profitability initiatives performed as expected, with the company pleased with the results and expecting continued improvement [126] Question: What are the growth prospects for North America versus EMEA in 2024? - North America is expected to be stronger, with growth across all segments, while EMEA is also expected to improve [127]

Financial Data and Key Metrics Changes - The company reported net revenue of $2.3 billion for Q3 2023, a decrease of 11% in U.S. dollar terms compared to the previous year [43] - Despite the decline in net sales, gross profit increased by 2%, reflecting higher contributions from cloud and Insight Core Services [44] - Adjusted diluted earnings per share for Q3 was $2.37, up 19% in U.S. dollar terms [27] - Adjusted EBITDA margin expanded by 130 basis points to 5.7% [15][45] - The company generated $414 million of operating cash flow in the first three quarters of 2023, an increase of over $600 million from the previous year [15][69] Business Line Data and Key Metrics Changes - Cloud gross profit grew by 17%, reaching $96 million, driven by higher growth in SaaS and infrastructure services [68] - Insight Core Services gross profit was $71 million, an increase of 20%, reflecting growth in applications, data, and digital enablement [26] - The hardware segment saw a decline of 17%, primarily due to decreased device sales [43] Market Data and Key Metrics Changes - The enterprise and corporate segments experienced declines in the mid-teens percentage range, while the public sector grew in the low single digits [99] - The company noted that the device market remains cyclical, with expectations for sequential improvements but not at the anticipated growth levels [56][101] Company Strategy and Development Direction - The company aims to become a leading solutions integrator, focusing on high-growth areas such as cloud, data, AI, edge, and cyber [16][20] - The acquisition of Amdaris is expected to enhance digital and cloud capabilities in EMEA, aligning with the company's strategic focus [21][47] - The company is leveraging generative AI to improve efficiencies and deliver better outcomes for clients [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term dynamics of the IT industry, emphasizing the importance of digital transformation and generative AI as accelerants [73] - The company is maintaining its adjusted diluted EPS guidance of $9.40 to $9.60 for the full year, reflecting confidence in operational improvements and cost management [48] - Management acknowledged the volatility in demand and spending patterns but remains optimistic about future growth in software, cloud, and Insight Core Services [71] Other Important Information - The company has filed Gen AI-related patents aimed at enhancing customer support applications [32] - The company has approximately $1.5 billion available under its $1.8 billion ABL facility, indicating strong liquidity [70] Q&A Session Summary Question: Can you walk us through the pressures impacting the gross profit outlook? - Management noted that the device segment is not recovering as anticipated, impacting gross profit dollars, but strength in cloud and services continues [54] Question: Can you provide insights on customer spending behavior across different verticals? - Management indicated that improvements are seen first in the commercial space, with public sector remaining strong, while enterprise segments are lagging [56][99] Question: What is the outlook for hardware sales and infrastructure products? - Management reported that infrastructure backlog has normalized, but demand is softening, with longer sales cycles expected [58] Question: How is the company leveraging offshore capabilities to improve margins? - Management confirmed that leveraging offshore capabilities has been successful in improving structural profitability across specific services [91] Question: What is the company's M&A outlook following the Amdaris acquisition? - Management remains focused on acquisitions that enhance capabilities in high-growth areas, with a positive outlook for future transactions [89]

FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 0-25092 INSIGHT ENTERPRISES, INC. (Exact name of registrant as specified in its charter) (State or other juris ...

◦ Safe harbor statement In some instances, the Company refers to changes in net sales, gross profit, earnings from operations and Adjusted earnings from operations on a consolidated basis and in North America, EMEA and APAC excluding the effects of fluctuating foreign currency exchange rates. In addition, the Company refers to changes in Adjusted diluted earnings per share on a consolidated basis excluding the effects of fluctuating foreign currency exchange rates. In computing these changes and percentages ...

Financial Data and Key Metrics Changes - The company reported a net revenue of $2.3 billion, a decrease of 14% year-over-year in U.S. dollar terms and constant currency, primarily driven by a significant decline in devices [94] - Gross profit declined by 1%, reflecting the hardware performance, partially offset by higher growth in cloud and Insight core services [12] - Adjusted diluted earnings per share was $2.56, down 8% in U.S. dollar terms year-over-year [13] - Adjusted return on invested capital (ROIC) for the trailing 12 months ended June 30, 2023, was 15.6% [15] - The company expects adjusted diluted earnings per share for the full year of 2023 to be between $9.40 and $9.60, reflecting a 4% increase at the midpoint compared to 2022 [16] Business Line Data and Key Metrics Changes - Cloud gross profit reached a record $115 million, an increase of 12%, driven by higher growth in SaaS and infrastructure as a service [13] - Insight core services gross profit grew by 7% year-over-year, reflecting growth in applications, data, digital enablement, and networking [77] - Hardware net sales declined by 24% year-over-year, significantly impacting overall results [11] Market Data and Key Metrics Changes - The company noted a further slowdown in client decision-making and an extension of the current economic environment, which is expected to continue throughout the year [24] - The public sector saw growth, but it only represents 14% of the company's business [45] Company Strategy and Development Direction - The company is focused on becoming the leading solutions integrator, emphasizing exceptional value delivery to clients and a deep understanding of technology [6][7] - The strategy includes four key pillars: captivating clients, selling solutions, delivering differentiation, and championing culture [6][54][71] - The company is implementing cost reductions to improve operational efficiency and preserve capital for key investments, including M&A [5][78] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a resurgence of buyer confidence and demand in the midterm, despite current challenges [70] - The company anticipates that the second half of the year will be better than the first half, with expectations of improved performance in Q4 [28][104] - Management acknowledged that the device market is near the bottom, expecting a lower rate of decline in the second half of 2023 [76] Other Important Information - The company repurchased approximately 720,000 shares for a total cost of $100 million in Q2, with over 1.6 million shares repurchased for $217 million in the first half of 2023 [14][79] - The company achieved a record gross margin of 18.4%, an increase of 240 basis points, reflecting a higher mix of cloud and Insight core services [95] Q&A Session Summary Question: What are the expectations for the second half of the year? - Management expects the second half to be better than the first half, with improved bookings and results so far in Q3 [28] Question: Can you provide details on cost reduction actions? - Cost reduction actions include headcount reductions and optimizing external vendor spend, with the goal of ensuring SG&A growth at a slower pace than gross profit growth [31][39] Question: What is the outlook for generative AI opportunities? - While significant interest exists, management believes that generative AI will not be a major revenue driver in the back half of the year but will set up opportunities for 2024 [112]