Earnings release
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FOR IMMEDIATE RELEASE EXHIBIT 99.1 Insight 拉 NASDAQ : NSIT INSIGHT ENTERPRISES , INC . REPORTS SECOND QUARTER 2021 RESULTS TEMPE , AZ - August 5 , 2021 - Insight Enterprises , Inc. ( NASDAQ : NSIT ) ( the " Company " ) today reported financial results for the quarter ended June 30 , 2021. Highlights include : Net sales increased 13 % year over year to $ 2.23 billion Gross profit increased 13 % year over year to $ 366.7 million Earnings from operations increased 19 % to $ 88.5 million and was 4.0 % of net sales Adjusted earnings from operations increased 6 % to $ 97.7 million and was 4.4 % of net sales Diluted earnings per share of $ 1.58 increased 20 % year over year Adjusted diluted earnings per share of $ 1.91 increased 9 % year over year Increased full year 2021 guidance for Adjusted diluted earnings per share In the second quarter of 2021 , net sales increased 13 % , year over year . Gross profit also increased 13 % while gross margin contracted 10 basis points compared to the second quarter of 2020. Earnings from operations of $ 88.5 million increased 19 % compared to $ 74.2 million in the second quarter of 2020. Adjusted earnings from operations of $ 97.7 million increased 6 % compared to $ 91.8 million in the second quarter of 2020. Diluted earnings per share for the quarter were $ 1.58 , up 20 % , year over year , and adjusted diluted earnings per share were $ 1.91 , up 9 % year over year . " I'm pleased to report that our business saw double digit top line growth across all major categories of net sales . Gross margin was 16.4 % , strong performance given compression on margins due to increased hardware net sales , " stated Ken Lamneck , President and Chief Executive Officer . " Given the ongoing supply chain constraints and longer lead times required for hardware orders , we are working to ensure our clients are well positioned in the queue for fulfillment . We are pleased to see the pipeline for future sales build to healthy levels for the second half of the year and into 2022 , " stated Lamneck . KEY HIGHLIGHTS Consolidated net sales for the second quarter of 2021 of $ 2.23 billion increased 13 % , year over year , when compared to the second quarter of 2020 . • Net sales in North America increased 14 % , year over year , to $ 1.76 billion ; Net sales in EMEA increased 6 % , year over year , to $ 417.4 million ; and • Net sales in APAC increased 40 % , year over year , to $ 52.5 million . Excluding the effects of fluctuating foreign currency exchange rates , consolidated net sales were up 10 % , year over year , with growth in net sales in North America and APAC of 13 % and 24 % , respectively , year over year , partially offset by a decline in EMEA of 4 % , year to year . Consolidated gross profit increased to $ 366.7 million , an increase of 13 % compared to the second quarter of 2020 , with consolidated gross margin contracting 10 basis points to 16.4 % of net sales . Gross profit in North America increased 14 % , year over year , to $ 278.9 million ( 15.8 % gross margin ) ; Gross profit in EMEA increased 8 % , year over year , to $ 73.5 million ( 17.6 % gross margin ) ; and Gross profit in APAC increased 26 % , year over year , to $ 14.3 million ( 27.2 % gross margin ) . Insight Enterprises , Inc. 6820 South Harl Avenue - MORE - Tempe , Arizona 85283 800.467.4448 FAX 480.760.8958