Insight Enterprises Inc - NSIT STOCK NEWS

Insight Enterprises (NASDAQ:NSIT) has launched the Esports Makeover Contest in partnership with Intel, offering a total of $60,000 in prizes. The contest aims to support high school and collegiate esports clubs by providing $30,000 in new gaming equipment to one winner from each level. The deadline for entries is Tuesday, with winners announced in April. This initiative highlights the growth of school esports programs, which have nearly doubled to 140,000 participants across more than 3,400 schools since 2020. Insight continues to offer comprehensive esports solutions to enhance educational opportunities.

Insight Enterprises (NASDAQ: NSIT) released its Trends Report for 2023, highlighting five key technology trends that will impact business strategies. These include automation and AI, cybersecurity, the rise of Superapps, simplification of IT processes, and the evolution of the workforce. The report underscores the need for organizations to adapt to digitalization amid challenges like inflation and supply chain issues. Adrian Gregory, Insight EMEA president, stresses the importance of technology in decision-making for improved customer outcomes. The report aims to guide IT managers and leaders in navigating the complexities of the current digital landscape.

An overwhelming majority of business leaders are focusing on application modernization to enhance competitive advantage, according to a new survey commissioned by Insight Enterprises (NASDAQ:NSIT). The survey indicates that 87% of respondents see modernizing critical applications as crucial. Major challenges include reliance on multiple public cloud providers (91%) and the impacts of technical debt (86%). Despite these hurdles, organizations report significant progress in digital transformation, with 85% using AI to drive insights. The findings point to a critical need for companies to adapt their strategies in maintaining competitive advantage in a volatile market.

Insight Enterprises reported strong financial results for the quarter and full year ended December 31, 2022. Gross profit rose 9% to $420.6 million, with a record gross margin of 16.8%. Earnings from operations increased by 22% to $114.0 million. Adjusted earnings from operations grew 25% to $128.3 million. Despite a 2% decline in net sales for Q4, full-year net sales reached $10.4 billion, a rise of 11%. Diluted earnings per share for Q4 rose to $2.13, marking a 26% increase. For 2023, the firm expects high single-digit gross profit growth and adjusted EPS between $9.90 and $10.10.

Insight Enterprises (NASDAQ: NSIT) held its annual Amplify 23 sales conference in Phoenix, attracting nearly 900 teammates and partners. The event focused on the theme of 'Beyond', highlighting Insight's ambition as a leading solutions integrator in digital transformation. Keynote speakers included Don Yeager and Alex Baum. Insight emphasizes the need for businesses to transition to modern, hybrid cloud solutions for improved efficiency and security. The company boasts over 13,000 teammates and a comprehensive portfolio to meet clients' needs.

Insight Enterprises, Inc. (NASDAQ: NSIT) announced it will release its financial results for the quarter ended December 31, 2022, before market open on February 9, 2023. A conference call will follow at 9:00 a.m. ET to discuss the operational results. Investors can access the call via a live webcast, with replays available afterward. Insight is a Fortune 500 solutions integrator, focusing on digital transformation and IT solutions.

Insight Enterprises has been awarded three prestigious titles by Cisco for 2022: Americas Commercial Partner of the Year, USA East Innovation Partner of the Year, and Canada SMB Partner of the Year. These accolades highlight Insight's commitment to innovative business practices and successful collaboration with Cisco in critical areas like cybersecurity and digital transformation. Insight is also recognized for its dedication to environmental sustainability through Cisco's global certification. The awards reflect Insight's ongoing ambition to be a leading solutions integrator in the modern digital landscape.

Insight Enterprises (NASDAQ: NSIT) has released the winter 2022 edition of its Tech Journal, focusing on automation's role in enhancing employee satisfaction and operational efficiency. The issue highlights various strategies for leveraging automation within organizations, emphasizing its potential to alleviate tedious tasks and boost innovation. Key articles cover topics such as making informed automation decisions, creating transformative employee experiences, and improving leadership. Insight is recognized for its capabilities in supporting digital transformations for clients worldwide.