Insight Enterprises: Fourth Quarter Earnings Overview

Insight Enterprises Reports Fourth-Quarter Earnings

Insight Enterprises Inc., headquartered in Chandler, Arizona, announced a net income of $52 million for the fourth quarter.

The company’s earnings translated to $1.67 per share. After accounting for special items, adjusted earnings reached $2.96 per share.

These adjusted results surpassed the expectations of Wall Street analysts, who had projected earnings of $2.82 per share, according to a survey by Zacks Investment Research.

During the quarter, the information technology company generated $2.05 billion in revenue, which was slightly below the $2.08 billion anticipated by analysts polled by Zacks.

For the full year, Insight Enterprises reported a total profit of $157.3 million, or $4.86 per share, with annual revenue amounting to $8.25 billion.

Looking ahead, the company forecasts its earnings for the upcoming year to fall between $11 and $11.50 per share.