Channel player Insight is delivering a decent set of numbers in its fourth quarter and full year results.
CEO Joyce Mullen said the outfit saw sales increasing 12 percent in the fourth quarter and 13 percent to $9.44 billion for the full year.
“During the fourth quarter, our net sales were $2.6 billion, representing record net sales in a quarter for Insight. We had hardware net sales growth of 13 percent and drove services gross profit growth of 14 percent, year over year, allowing us to maintain gross margin of 15 percent, which was consistent with the prior year quarter”, she announced.
Sales in EMEA increased by six percent year on year to $426.4 million in the fourth quarter and earnings from operations improved by 35 percent year over year, to $12.5 million, or 2.9 percent of net sales. For the full year, sales improved by 10 percent to $1.7 billion, and earnings from operations increased 16 percent to $46.9 million.
“While we are proud of our accomplishments in 2021, we are focused on the opportunities ahead of us in 2022, as we strive to expand our reputation and capabilities as an industry recognised global solutions integrator”, Mullen said.
“What really makes our go-to-market strategy impactful is the ability to expand to adjacencies within our areas of expertise. We have the ability to not only deliver immediate results for clients today, but to guide them through their longer-term digital transformation”, she added.
Growth
