Insight Enterprises Inc - NSIT STOCK NEWS

Insight Enterprises, Inc. (NASDAQ: NSIT) is set to participate in the 43rd Annual Raymond James Institutional Investors Conference on March 8, 2022, at 7:30 AM ET. The conference will feature Glynis Bryan, CFO, and James Morgado, SVP Finance, who will present insights about the company's technology solutions.

The presentation will be broadcast live on the internet, allowing investors to access recent webcasts and presentations via this link.

Insight Enterprises (NASDAQ:NSIT) has partnered with Google to launch the Chrome OS Device Selector, a web application designed to help businesses, educators, and healthcare providers choose the right Chrome OS devices tailored to their specific needs. This application simplifies the device procurement process with a step-by-step approach, addressing the challenges of diverse working environments. As a leading Google partner, Insight continues to enhance its offerings, including solutions for digital transformation and modern workplace services.

Insight Enterprises, Inc. (Nasdaq: NSIT) has appointed Alexander L. Baum as an independent director on its board. Baum is a partner at ValueAct Capital, a major investor in the company. This addition aims to enhance the board's strategic capabilities in IT and investment. Baum's expertise is expected to support Insight's transformation into a leading cloud-first technology solutions integrator. With a strong background working with notable firms like Nintendo, Microsoft, and Adobe, Baum's appointment is anticipated to positively influence Insight's future growth.

Insight Enterprises (NASDAQ:NSIT) has released its 2022 Corporate Citizenship Report, showcasing its commitment to environmental, social, and governance (ESG) principles. Notable achievements include recognition as a Forbes World’s Best Employer and a perfect score in the Corporate Equality Index. The company supported over 2,700 diverse-owned businesses and helped 30,000+ individuals with internet access in underserved areas. They donated $1.6 million to charitable causes and saved 2 million pounds of electronic waste. Insight continues to strive for sustainable technology solutions amidst global challenges.

Insight Enterprises reported a record net sales increase of 13% to $9.44 billion for 2021. Gross profit rose 11% to $1.45 billion, but gross margins contracted to 15.3%. Earnings from operations surged 22% to $332.1 million, leading to a diluted earnings per share of $5.95, up 22% year-over-year. In Q4 2021, net sales grew 12% to $2.57 billion, with earnings from operations up 12% to $93.4 million. The company expects mid single-digit net sales growth and adjusted diluted EPS between $7.65 and $7.85 for 2022, while navigating a challenging macro environment.

The IDG Research Services survey commissioned by Insight Enterprises (NASDAQ:NSIT) reveals that 87% of enterprises are pursuing digital transformation, with 90% expecting significant long-term growth impacts. Key benefits reported include improvements in quality of service (44%) and user satisfaction (40%). However, 89% of respondents face constraints from existing infrastructure, with 44% citing skills gaps as a major hurdle. The top IT goals include optimizing data capabilities (48%) and increasing cloud adoption (47%). These findings highlight both advancements and challenges in IT modernization efforts.

Insight Enterprises, Inc. (Nasdaq: NSIT) will release its financial results for the quarter and full year ended December 31, 2021 before market open on February 10, 2022.

The company will host a conference call and live webcast at 9:00 a.m. ET to discuss the results, accessible through their investor relations page.