Insight Enterprises reports Q1 adjusted EPS $2.06, consensus $2.01

Insight Enterprises (NSIT) Q1 revenue $2.1B, consensus $2.19B. The company said, “In the first quarter, we delivered Adjusted earnings from operations and Adjusted diluted earnings per share in line with our expectations. We were pleased with the continued hardware momentum, led by commercial and corporate demand, and our gross margin expansion,” stated Joyce Mullen, President and Chief Executive Officer. “While gross profit was slightly below our expectations, primarily due to product-related services performance, effective expense management allowed us to achieve our profitability target,” Mullen stated.”