Insight Enterprises, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 08:00 am EDT
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Insight Enterprises, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 2,266.29 million compared to USD 2,534.35 million a year ago. Net income was USD 60.25 million compared to USD 57.32 million a year ago. Basic earnings per share from continuing operations was USD 1.85 compared to USD 1.64 a year ago. Diluted earnings per share from continuing operations was USD 1.62 compared to USD 1.58 a year ago.
For the nine months, revenue was USD 6,939.83 million compared to USD 7,928.58 million a year ago. Net income was USD 190.7 million compared to USD 203.13 million a year ago. Basic earnings per share from continuing operations was USD 5.76 compared to USD 5.8 a year ago. Diluted earnings per share from continuing operations was USD 5.13 compared to USD 5.53 a year ago.
Insight Enterprises, Inc. is a technology company. The Company provides end-to-end digital transformation through a portfolio of solutions. It operates through three geographical segments: North America, Europe, Middle East, and Africa (EMEA), and Asia-Pacific (APAC). Its offerings in North America and certain countries in EMEA and APAC include hardware, software, and services, including cloud solutions. Its offerings in the remainder of its EMEA and APAC segments consist of software and certain software-related services, and cloud solutions. Its service offerings include software maintenance, vendor direct support services contracts, cloud / software-as-a-service offerings, insight delivered services, time and materials services contracts, fixed service contracts, one-call support service contracts, and third-party provided services. Its software maintenance agreements provide clients with the right to obtain any software upgrades, bug fixes and help desks and other support services.