Insight Enterprises (NSIT) Tops Q3 EPS by 4c; Offers FY23 EPS Guidance
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Insight Enterprises, Inc. Reports Third Quarter Results
November 2, 2023 8:01 AM EDTCHANDLER, Ariz.--(BUSINESS WIRE)-- Insight Enterprises, Inc. (NASDAQ: NSIT) (the Company) today reported financial results for the quarter ended September 30, 2023. Highlights include:
Gross profit increased 2% year over year to $408.9 million with gross margin expanding 220 basis points to 18.0% Insight Core Services gross profit grew 20% and Cloud gross profit grew 17% Earnings from operations increased 2% year over year to $91.9 million Adjusted earnings from operations increased 12% year over year to $119.8 million Diluted earnings per share of $1.62 increased 3% year over year Adjusted diluted... More