Insight Enterprises(US:NSIT)2023-02-09 15:28Financial Performance - Full Year 2022 - Net sales reached $10.4 billion, an increase of 11% year-over-year[8, 62] - Gross profit was $1.6 billion, up 13% compared to the previous year[15, 70] - Adjusted earnings from operations (EFO) increased by 29% to $467 million[9, 70, 128] - Adjusted diluted earnings per share (EPS) rose by 28% to $9.11[9, 70, 140] Q4 2022 Performance - Net sales decreased by 2% to $2.5 billion[8, 79, 181] - Gross profit increased by 9% to $421 million[15, 50, 168] - Adjusted earnings from operations (EFO) increased 25% to $128 million[41, 42] - Adjusted diluted earnings per share (EPS) increased 25% to $2.53[9, 22, 136] Segment Performance - Q4 2022 - North America net sales decreased by 1% to $2.1 billion, but gross profit increased by 12% to $345 million[8, 91] - EMEA net sales were flat year-over-year at $375 million, with gross profit increasing by 9% to $61 million[8, 91] - APAC net sales increased by 12% to $55 million, and gross profit increased by 11% to $14 million[8, 91] Services Performance - Services net sales increased by 9% year-over-year to $384 million in Q4[51] - Services gross profit increased by 15% year-over-year to $213 million in Q4[25, 74] - Insight Core services gross profit increased by 11% year-over-year to $65 million in Q4[32, 74] - Services gross profit for the full year 2022 was $800 million, an increase of 13% year-over-year[25, 74] - Insight Core services gross profit for the full year 2022 was $253 million, an increase of 14% year-over-year[34, 74] Gross Margin - Gross margin for Q4 2022 was 16.8%, up 180 bps[8, 182] - Gross margin for FY 2022 was 15.7%, up 40 bps[8, 182]