Insight Enterprises (NSIT) Misses Q1 EPS by 13c, Revenues Beat

Insight Enterprises (NASDAQ: NSIT) reported Q1 EPS of $1.30, $0.13 worse than the analyst estimate of $1.43. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.15 billion.

“In the first quarter, with the launch of COVID-19 vaccines, parts of the world began to awaken from the year-long quarantine and economic pause. I’m happy to report that our business returned to organic top line growth year over year in the first quarter,” stated Ken Lamneck, President and Chief Executive Officer. “Largely consistent gross margins, year over year, combined with operating leverage, drove earnings from operations up 27% and Adjusted earnings from operations up 3%. Our performance for the quarter sets a good base for what we expect will be a strong year.” stated Lamneck.

For earnings history and earnings-related data on Insight Enterprises (NSIT) click here.

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