Insight Enterprises Inc - NSIT STOCK NEWS

Insight Enterprises (NASDAQ: NSIT) has climbed 49 spots in the 2021 Fortune 500 rankings, now at No. 360, marking its 11th consecutive year on the list and its highest ranking to date. This achievement comes after a year of aiding clients in adapting to remote work and digital transformation during the COVID-19 pandemic. With over 8,000 employees and 3,700 technical engineers, Insight is positioned to enhance digital collaboration, modernize platforms, and implement robust cybersecurity measures, contributing to its recognition in the market.

Insight Enterprises (NASDAQ: NSIT) announced its participation in the Stifel 2021 Cross Sector Insight Conference on June 8, 2021, at 4:40 P.M. ET. Key speakers will include CEO Ken Lamneck and CFO Glynis Bryan. The event will be streamed live, and interested parties can access the broadcast at investor.insight.com. Insight Enterprises is a global IT provider, offering Intelligent Technology Solutions™ to various sectors, including government and healthcare. For more information, visit www.insight.com.

Insight Enterprises (NASDAQ: NSIT) and Intel have awarded three organizations a total of $150,000 in the Connected Workplace Makeover Contest. Each winner, including River Valley Counseling Center and Lane Regional Medical Center, will receive IT consultation and $50,000 worth of 11th Gen Intel Core Processor devices. The contest aims to support small to mid-sized companies facing challenges in adapting to pandemic-related changes in technology.

The winners were chosen based on critical IT needs in productivity, security, and total cost of ownership.

Insight Enterprises (NASDAQ: NSIT) has been recognized for the second consecutive year at the Microsoft Security 20/20 Awards, winning the title of Microsoft Azure Security Deployment Partner of the Year. This honor highlights the company's excellence in integrating Microsoft technology into security solutions for clients. The award ceremony took place on May 12, showcasing 18 categories recognizing partners who excelled in security and compliance during the past year. Insight aims to continue leveraging Microsoft’s security innovations to enhance client operations in 2022.

Insight Enterprises (Nasdaq: NSIT) will participate in the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 25, 2021, at 11:00 A.M. ET. The presentation will feature Ken Lamneck, CEO, and Glynis Bryan, CFO. Investors can watch the live broadcast on the company's investor relations website at investor.insight.com, where additional resources are available.

Insight is a Fortune 500 IT provider assisting businesses of all sizes in managing their IT environments.

Insight Enterprises (NASDAQ: NSIT) announced the retirement of Ken Lamneck as President and CEO effective December 31, 2021. Lamneck, who has been with the company since 2010, will assist in the search for his successor while transitioning to an advisory role. Under his leadership, sales grew from $4.1B in 2009 to $8.3B in 2020, with the stock price rising from $11.42 to over $100, marking an 800% increase.

Lamneck's leadership cultivated a culture of inclusivity, earning numerous accolades.

Insight Enterprises reported Q1 2021 results with net sales of $2.2 billion, a 2% increase year over year. Earnings from operations rose 27% to $67 million, while diluted EPS reached $1.18, up 24%. Adjusted EPS was flat at $1.30. North American sales decreased 1%, but EMEA and APAC saw increases of 14% and 17%, respectively. Gross profit rose 2% to $331 million, though gross margin contracted slightly. The company authorized a $125 million stock repurchase program and maintained guidance for 2021, projecting 4% to 8% sales growth and adjusted diluted EPS between $6.60 and $6.80.