Insight Enterprises, Inc. Reports Fourth Quarter and Full Year Results

Insight Enterprises, Inc. (NASDAQ: NSIT) released its financial results for the fourth quarter and full year ending December 31, 2024. The company reported that gross profit increased by 1% year over year to $439.6 million in the fourth quarter, with a record gross margin of 21.2%. For the full year, gross profit rose by 6% to $1.8 billion, with a gross margin of 20.3%.

Insight Core services saw a significant increase in gross profit by 12% year over year in the fourth quarter and by 15% for the full year. Cloud gross profit also exhibited growth, up by 3% in the fourth quarter and 21% for the full year.

However, consolidated net earnings decreased by 59% to $37.0 million in the fourth quarter and 11% to $249.7 million for the full year. Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) decreased by 11% to $141.1 million in the fourth quarter and grew by 4% to $543.5 million for the full year.

Diluted earnings per share for the quarter were $0.99, down by 59% year over year, and for the full year, diluted earnings per share was $6.55, showing a decrease of 13%. Adjusted diluted earnings per share for the quarter were $2.66, down by 11%, and for the full year, it remained flat at $9.68.

Cash flows provided by operating activities were $215.1 million for the fourth quarter and $632.8 million for the full year. The company highlighted that in 2024, clients continued to demonstrate caution due to the macroeconomic environment, impacting investment priorities. However, despite challenges, the company achieved record gross margins and strong cash flow generation.

Insight Enterprises’ President and CEO, Joyce Mullen, emphasized the company’s progress in key areas such as cloud solutions and Insight Core services. Investment in expertise and scaling in areas like GCP, ServiceNow, and AWS were noted as significant advancements supporting client needs, particularly in addition to existing strength in Azure.

The company anticipates Adjusted Diluted Earnings Per Share between $9.70 and $10.10 for the full year 2025. Insight Enterprises expects low single-digit gross profit growth and a consistent gross margin around 20%, contingent on various factors such as interest expenses, tax rates, and capital expenditures.

The financial results presented have been adjusted to emphasize non-GAAP financial measures to provide investors with a comprehensive overview of the company’s performance through clarifying underlying business strategies and operations.

Insight Enterprises hosted a conference call and webcast to discuss the financial results on February 6, 2025, and further details can be accessed on the company’s investor website. The company disclosed its outlook for the upcoming year, factoring in various financial considerations, excluding certain expenses and potential macroeconomic influences.

For a more detailed breakdown of the financial results, interested parties can refer to the complete 8-K SEC filing by Insight Enterprises, Inc. for a deeper insight into the company’s financial performance and strategic direction.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Insight Enterprises’s 8K filing here.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.