Global reseller duo Insight has reported revenue growth for the first quarter of 2018, driven by an increase in hardware sales.
For the three months ending 31 March 2018 Insight saw revenue rocket 19 percent year on year to $1.76 billion.
Insight’s gross profit increased 15 percent to $240 million.
On an earning’s call, Insight CEO Ken Lamneck said that the firm had increased its market share in various hardware spaces, which contributed to the revenue increase.
“Notebooks were, by the way, powerful across the whole channel and we picked up further share”, he said.
“There was also pretty substantial growth in the categories of servers and storage in the channel as well, and we picked up considerable growth in both of those areas, so those are the primary areas.
“Those are all big segments of the business in regards to hardware; those are the main drivers. Devices are number one, networking products are two and then server storage [is] three.”
Lamneck added that customer demand for devices has been strong for the last six quarters as a refresh cycle continues. However, he does not expect this to last and demand will tail off into low single-digit growth in the second half of the year.
Insight’s market share was less promising when it came to software, Lamneck claimed that “pretty good information” provided by Microsoft each quarter confirms that Insight has retained its “number one status” with the vendor globally.
Public cloud sales were 40 percent of Insight’s consolidated gross profit.
