Insight Enterprises Inc - NSIT STOCK NEWS

Insight Enterprises (NASDAQ:NSIT) reflects on the challenges of 2020 in its winter issue of Tech Journal, emphasizing the resiliency of organizations amid uncertainty. The publication highlights how technology can turn IT into a profit center and explores digital transformation strategies for small to medium businesses. Key topics include maximizing IT budgets, the importance of Agile and DevOps, and building effective cloud strategies. Insight aims to empower organizations with Intelligent Technology Solutions to enhance operational efficiency and innovation.

Insight Enterprises (NASDAQ: NSIT) has launched the Insight Connected Platform™ for Contact Tracing, developed in partnership with Microshare Inc., to enhance workplace safety amidst the COVID-19 pandemic. This solution uses wearables to gather contact data, facilitating timely identification of potential infection incidents. Research indicates that immediate tracing can prevent up to 79.9% of COVID-19 transmissions. The platform aggregates data for better decision-making and supports privacy through role-based access.

Insight Enterprises, Inc. (NASDAQ: NSIT) will participate in the Raymond James Technology Investors Conference on December 8, 2020, at 9:40 A.M. ET. CEO Ken Lamneck and CFO Helen Johnson will discuss the company's strategies and offerings. The presentation will be available for live streaming at investor.insight.com, where additional investor materials can also be accessed. Insight is a Fortune 500 global IT provider, delivering Intelligent Technology Solutions to various sectors including businesses, governments, and healthcare organizations.

Insight Enterprises reported Q3 2020 results with significant growth metrics. Gross profit rose by 11% to $307.6 million, while earnings from operations surged 38% to $61.5 million. Diluted EPS increased by 45% to $1.10, and adjusted EPS was up 25% to $1.38. Cash flow from operations reached $462.1 million, over 100% higher than the previous year. Despite a 1% net sales increase to $1.94 billion, regional performance varied: North America grew by 3%, while EMEA and APAC declined by 4% and 11%, respectively. The company anticipates full-year net sales between $8.1 billion and $8.2 billion.

Insight (NASDAQ:NSIT) hosted its first virtual partner conference, Synergy21, gathering over 1,000 IT experts from 250 tech providers. The event focused on evolving business strategies post-pandemic, emphasizing digital transformation and cloud solutions. CEO Ken Lamneck highlighted significant opportunities arising from the pandemic, such as accelerated digital commerce and hybrid work environments. Insight also recognized its partners for excellence with the 2020 Synergy Awards, celebrating contributions to digital innovation and supply chain optimization.

Insight Enterprises, Inc. (NSIT) will report its financial results for Q3 2020 on November 3, 2020, prior to market opening. A conference call is scheduled for 9:00 a.m. ET to discuss these results. Interested participants must register in advance to obtain dial-in information and instructions. Insight is a Fortune 500 global IT provider, assisting various organizations in managing and transforming their IT environments.

Insight Enterprises (NASDAQ:NSIT) received the NetApp Americas Cloud Innovation Award 2020 for its effective use of innovative NetApp cloud solutions, including Azure NetApp Files and the NetApp Keystone portfolio, to aid digital transformation for clients. The award signifies Insight's strong commitment to hybrid cloud strategies, supported by over 1,500 dedicated professionals. The recognition highlights Insight's leadership in implementing IT strategies that enhance business outcomes, reflecting their ongoing dedication to providing high-quality service and fostering customer innovation.

Insight Enterprises (NASDAQ: NSIT) released the fall issue of its Tech Journal, focusing on IT strategies for a dispersed workforce and lessons learned from 2020.

The issue emphasizes embracing digital transformation and overcoming challenges in cybersecurity, supply chain, and workforce management.

Two-thirds of IT leaders feel prepared for future disruptions, underscoring the importance of a growth mindset. Topics include responsible AI, procurement automation, and building resilient cultures, aimed at helping organizations innovate amidst ongoing changes.