Insight Enterprises Inc - NSIT STOCK NEWS

Insight Enterprises (NASDAQ:NSIT) has announced a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to enhance cloud services for clients over the next three years. This agreement aims to support small and mid-market businesses, commercial enterprises, and the public sector in managing their cloud roadmap, including data, AI, and IoT strategies. The collaboration will feature a dedicated AWS practice with technical and sales experts in the U.S., EMEA, and Insight Public Sector. The focus areas include cloud migration, data management, artificial intelligence (including generative AI), and IoT.

Insight's president and CEO, Joyce Mullen, highlighted the SCA as a natural progression in their growth as an AWS Premier Tier Services Partner. The partnership aims to optimize AWS usage for clients, improving cost management, consumption, and technical support. A recent case study involved a biopharmaceutical firm that achieved over 150% cost savings through Insight's Cloud Optimization Services, utilizing AWS technologies like AWS Control Tower and AWS Snowball.

Insight Enterprises (NSIT) has announced its participation in two upcoming investor conferences. The company will attend the Wells Fargo 8th Annual TMT Summit on December 3, 2024, at 8:00 AM PT, featuring CEO Joyce Mullen and North America CFO James Morgado. Additionally, James Morgado will represent Insight at the Raymond James 2024 TMT & Consumer Conference on December 9, 2024, at 10:40 AM ET. Both presentations will be accessible via live webcast on the company's investor relations website at investor.insight.com.

Insight Enterprises (NASDAQ:NSIT) has opened a new 250,000-square-foot Solutions Integration Center in Fort Worth, Texas. The state-of-the-art facility features AI-driven automation, autonomous mobile robotics, and advanced logistics, achieving 10 times the shipping velocity of traditional IT fulfillment centers. The center includes 183,000 square feet of logistics space and 40,000 square feet of integration space, capable of configuring over 1.3 million user-ready devices annually. Key features include Geek+ robots that pick devices every 6 seconds, warehouse automation technologies by Malin, and up to 99% inventory handling accuracy. Combined with its Illinois facility, Insight can reach 94% of the U.S. via ground shipping.

Insight Enterprises (NSIT) reported Q3 2024 results with mixed performance. Net sales decreased 8% to $2.1 billion, while gross profit increased 6% to $432.1 million with margin expanding 270 basis points to 20.7%. Cloud gross profit grew 33% and Core services grew 14% year over year. However, consolidated net earnings decreased 3% to $58.2 million, and diluted EPS fell 6% to $1.52. The company revised its full-year 2024 guidance, now expecting Adjusted diluted EPS between $9.40 and $9.70 with mid single-digit gross profit growth.

Insight Enterprises (NASDAQ:NSIT) has received six prestigious Cisco Partner Summit Global Awards, including the 2024 Americas Partner of the Year honor. The company was also recognized as both Global and Americas Customer Experience Partner of the Year, U.S. Partner of the Year, Americas Enterprise Partner of the Year, and Cisco Canada Defend and Protect Partner of the Year.

As one of Cisco's largest global partners, Insight maintains over 2,500 Cisco certifications and employs more than 350 dedicated Cisco engineers. The company holds master specializations in multiple areas including data center, hybrid cloud, networking, security, collaboration, and service provider technology. A notable success story involves helping a major healthcare provider reduce IT provisioning time from one month to just 10 minutes through a Cisco Whole Portfolio Agreement.

Insight Enterprises (Nasdaq: NSIT) has announced its schedule for reporting third quarter 2024 financial results. The company will release its financial results for the quarter ended September 30, 2024, before the market opens on October 31, 2024. Following the release, Insight will host a conference call and live webcast at 9:00 a.m. ET to discuss the operational results.

Investors and interested parties can access the live webcast and replays of the conference call through the company's investor relations website at http://investor.insight.com/. To participate in the live conference call, attendees must register in advance using the provided event link. Upon registration, participants will receive dial-in information, a unique registrant ID, event passcode, and detailed instructions for joining the call via email.

Insight Enterprises (NASDAQ:NSIT) has achieved Amazon Web Services (AWS) Premier Tier Services Partner status, recognizing its proven technical expertise and customer experience. This designation requires meeting strict AWS technical requirements, including certifications, capabilities, and implementations. Insight has four AWS solution competencies: Security, DevOps, Microsoft Workloads, and Migration.

The company's CEO, Joyce Mullen, emphasized that this status enhances Insight's ability to introduce AWS to its global client network. A client success story featuring Fourth Wall highlights Insight's expertise in delivering complex cloud solutions. The AWS Premier Tier Services Partner status complements Insight's existing top-tier partnerships with Microsoft Azure and Google Cloud, solidifying its position as a leading multicloud expert.

Insight Enterprises (Nasdaq: NSIT) has announced its participation in the upcoming Sidoti Virtual Investor Conference on Wednesday, September 18, 2024, at 11:30 AM ET. James Morgado, SVP Finance and CFO, North America, will represent the company at the event.

The presentation will be broadcast live over the Internet and can be accessed through the company's investor relations website at http://investor.insight.com/. This platform also provides access to recent webcasts, downloadable slide presentations, and other investor-related information about Insight Enterprises.

This virtual conference participation demonstrates Insight's commitment to engaging with investors and providing transparent communication about its business operations and financial performance.

Insight Enterprises (NASDAQ: NSIT) announced key leadership changes, strengthening its position as a leading Solutions Integrator. James Morgado will become CFO on Jan. 1, 2025, succeeding Glynis Bryan. Morgado, currently SVP and CFO for North America, has been instrumental in increasing gross margins. Additionally, Janet Foutty, former Deloitte executive chair, and Tom Reichert, ERM CEO and BCG alum, joined Insight's Board of Directors on Aug. 30.

These appointments bring valuable consulting and services expertise to Insight as it accelerates its transformation. CEO Joyce Mullen expressed confidence in Morgado's ability to drive growth and highlighted the new board members' extensive experience in guiding the company towards its digital innovation goals.