Insight Enterprises (NASDAQ: NSIT) reported Q1 EPS of $1.09, $0.19 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.66 billion.

• Gross profit increased 3% to $248.5 million
• Gross margin increased 90 basis points to 14.7%
• Earnings from operations increased 13% to $57.0 million
• Diluted earnings per share of $1.09 increased 20% year over year

“I am pleased to report we have started the new year with strong earnings performance in the first quarter,” stated Ken Lamneck, President and Chief Executive Officer. “Our top line results decreased in the first quarter against a tough comparison last year, but we focused on profitable business, growing our services sales and helping our clients migrate to the cloud, which led to strong gross margin expansion in the quarter. At the same time we controlled our expenses, which allowed us to deliver another quarter of double digit earnings growth year over year, with each of our operating segments contributing to these results,” stated Lamneck.

GUIDANCE:

Insight Enterprises sees FY2019 EPS of $4.75-$4.85, versus the consensus of $4.80.

This outlook assumes:

• an effective tax rate of 25% to 26% for the balance of 2019;
• capital expenditures of $20 to $25 million for the full year; and
• an average share count for the full year of approximately 36.2 million shares.

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