Insight Enterprises Q3 Non-GAAP EPS of $1.99 beats estimates by $0.06

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INSIGHT ENTERPRISES ($NASDAQ:NSIT) is a leading technology solutions provider. The company offers a wide range of products and services, including data center, cloud, and security solutions, as well as managed services. In its third quarter earnings release, INSIGHT ENTERPRISES reported non-GAAP EPS of $1.99, beating estimates by $0.06. This was a strong quarter for the company, driven by strong demand for its products and services.

Looking ahead, INSIGHT ENTERPRISES is well positioned to continue its growth trajectory. The company is focused on expanding its reach in key markets and investing in new technologies. With its strong track record of delivering innovative solutions, INSIGHT ENTERPRISES is poised for continued success in the years ahead.

Earnings

“Insight’s strong second quarter results were driven by continued double-digit growth in our recurring revenue business and expanding margins,” said Ken Lamneck, president and CEO of Insight. “We are pleased with our progress in executing on our strategic initiatives and are confident in our ability to continue delivering value to our shareholders.”

About the Company

Market Price

The most recent news coverage on Insight Enterprises is mostly negative. On Thursday, the company’s stock opened at $93.9 but closed at $93.5, down by 0.4% from the prior closing price. Live Quote…

VI Analysis

Insight Enterprises is a technology company that offers a variety of services, including data center optimization, cloud and data management, and security solutions. The company’s fundamentals reflect its long-term potential, and VI App’s risk rating indicates that it is a medium-risk investment in terms of financial and business aspects. However, VI App has detected 1 risk warning in the company’s income sheet. Register on VI App to check it out. More…

VI Peers

It offers a comprehensive range of services and solutions to help organizations of all sizes drive growth and efficiency. Its competitors include WNS (Holdings) Ltd, Deveron Corp, and Nagarro SE.

– WNS (Holdings) Ltd ($NYSE:WNS)

WNS (Holdings) Ltd is a provider of outsourced business process management services. The company has a market capitalization of $4 billion as of 2022 and a return on equity of 15.87%. WNS offers a range of services including finance and accounting, human resources, customer care, research and analytics, and supply chain management. The company serves clients in a variety of industries such as healthcare, banking and financial services, insurance, manufacturing, retail, and travel and hospitality.

– Deveron Corp ($TSXV:FARM)

Deveron Corp is a publicly traded company with a market cap of 65.41M as of 2022. The company has a Return on Equity of -25.12%. Deveron Corp is engaged in the business of providing software and services to the energy industry.

– Nagarro SE ($OTCPK:NGRRF)

Nagarro SE is a German software development company that specializes in enterprise software solutions. The company has a market capitalization of 1.3 billion euros as of 2022 and a return on equity of 37.18%. Nagarro SE provides software development and consulting services to large and medium-sized organizations in a variety of industries, including automotive, banking and financial services, consumer goods, healthcare, insurance, manufacturing, retail, telecommunications, and utilities.

Summary

Investing in Insight Enterprises may be a good idea for investors who are looking for a company that is doing well financially and has a strong history. Its products and services include cloud and data center solutions, enterprise resource planning, and customer relationship management. It has a market capitalization of over $3 billion and is listed on the Nasdaq stock exchange.