Reseller Insight Enterprises said it felt the impact of foreign exchange rates in EMEA in its fourth quarter and full-year results.
However, the group made net sales of $10.4 billion for FY22, representing an increase of 11 per cent year-on-year.
Nearly $9 billion came through products, while more than $1.4 billion was generated from services sales. Gross profit increased 13 per cent in 2022 to $1.6 billion.
Most revenue, approximately $8.5 billion, came from North America, and EMEA’s fourth quarter saw, net sales fell 12 per cent to $375.2 million.
Excluding the effects of fluctuating foreign currency (FX) exchange rates, net sales for the region were flat.
Fourth quarter gross profit dipped four per cent to $61.2 million, whereas it grew nine per cent when ruling out the impact of FX rates.
Insight EMEA president, Adrian Gregory said: “We are pleased by our EMEA results because we achieved that performance for the year despite a decelerating macro-environment in the second half of 2022.”
“These results show the resilience of our business model. We believe our portfolio of solutions position us well as we navigate the economic cycle and continue our journey to become the leading solutions integrator.”
