Latest news with #InsightEnterprises
Business Wire
11 hours ago
- Business
- Business Wire
Benchmark Announces Appointment of Glynis A. Bryan to Board of Directors
TEMPE, Ariz.--(BUSINESS WIRE)-- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, announces the appointment of Glynis A. Bryan to its Board of Directors. Ms. Bryan brings a wealth of financial and operational expertise to Benchmark's Board. She recently retired as Chief Financial Officer of Insight Enterprises, Inc., where she served from 2007 to 2024. Prior to Insight, Ms. Bryan held senior financial leadership positions at Swift Transportation Co., APL Logistics, and Ryder System, Inc. She currently serves on the Boards of Ameriprise Financial, Inc., Pinnacle West Capital Corporation, and WESCO International, Inc. 'We are thrilled to welcome Glynis to our Board,' said Jeff Benck, President and CEO of Benchmark. 'With over 20 years as a Chief Financial Officer, including her tenure at Insight Enterprises, Inc., Glynis has demonstrated exceptional skills in financial planning, mergers and acquisitions, and strategic growth initiatives. Her leadership has been instrumental in guiding companies through complex financial landscapes, making her a valuable asset to Benchmark's board. 'With her extensive background in corporate governance, Glynis offers a strategic perspective that aligns perfectly with Benchmark's commitment to excellence,' said David W. Scheible, Chairman of the Board. 'Her insights from serving on multiple prominent boards will enhance our decision-making processes and support our long-term objectives.' To learn more about Benchmark's Board of Directors, please visit About Benchmark Electronics, Inc. Benchmark provides comprehensive solutions across the entire product lifecycle; leading through its innovative technology and engineering design services; leveraging its optimized global supply chain; and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation communications, medical, complex industrials, and semiconductor capital equipment. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
AU Financial Review
02-06-2025
- Business
- AU Financial Review
This chatbot for pet owners will answer your hairy questions
Billed as Australia's first-of-its-kind generative AI-powered pet care assistant, the PetAI chatbot will answer client questions about a range of pets including cats, dogs, reptiles, birds, chickens, small animals and fish. Developed by giant pet-care retailer Petbarn in collaboration with Microsoft and Insight Enterprises, PetAI has built-in guardrails and refers more esoteric or difficult questions to a PetAI customer service line or suggests a consultation with a vet.
Yahoo
28-05-2025
- Business
- Yahoo
Insight Enterprises buys $76M of common stock from ValueAct Capital
Insight Enterprises (NSIT) announced it has entered into a stock repurchase agreement with ValueAct Capital Master Fund to buy 600K shares of its common stock at approximately $126.86 per share, totaling approximately $76M. Insight stated the purchase was made as part of its existing $300M stock repurchase program. CEO Joyce Mullen commented the move optimizes capital structure and creates shareholder value, also representing a continuing relationship with ValueAct Capital. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on NSIT: Disclaimer & DisclosureReport an Issue Insight Enterprises Holds Annual Stockholders Meeting Insight Enterprises participates in a conference call with JPMorgan Insight Enterprises Reports Challenging Q1 2025 Results Insight Enterprises Inc. Earnings Call: Mixed Results and Optimistic Outlook Insight Enterprises management to meet virtually with Barrington
Associated Press
27-05-2025
- Business
- Associated Press
Insight Enterprises Purchases Approximately $80 Million Of Its Common Stock From ValueAct Capital
CHANDLER, Ariz.--(BUSINESS WIRE)--May 27, 2025-- Insight Enterprises, Inc. (Nasdaq: NSIT) (Insight) today announced that it has entered into a stock repurchase agreement with ValueAct Capital Master Fund, L.P. (ValueAct Capital) to buy 600,000 shares of its common stock at a price of approximately $126.86 per share, with a value totaling approximately $76 million. Insight's purchase of the shares was made as part of its existing $300 million stock repurchase program. 'Today's announcement reinforces our goal to optimize our capital structure and our business, while also creating substantial value for our shareholders.' stated Joyce Mullen, the Company's President and Chief Executive Officer. 'This also represents another step in our continuing relationship with ValueAct Capital that began in 2021.' 'This transaction is a testament to our continued close engagement with the Insight team' said Alex Baum, partner at ValueAct Capital. 'The sale of our shares back to the company enables ValueAct Capital to both help accelerate the capital return to shareholders and proportionally size our ownership stake for our revised role as an advisor to Insight during its transformation into the leading AI Solutions Integrator.' This news release is not an offer to sell nor a solicitation of any offer to buy any securities in any state or jurisdiction nor shall there be any sale of Insight's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction. Insight's securities may not be offered or sold in the United States absent registration under or any exemption from the registration requirements of the Securities Act of 1933, as amended. Any public offering of Insight's securities to be made in the United States will be made only by means of a registration statement that is filed with and declared effective by the Securities and Exchange Commission. About Insight Insight Enterprises is a leading Solutions Integrator that helps clients solve technology challenges by combining the right hardware, software, and services. We're a global Fortune 500 technology company with a network of over 6,000 partners and experts around the world who provide access to end-to-end IT capabilities. For more than 35 years, we have delivered and optimized technology solutions for our clients efficiently, effectively, and safely. We are rated as a Great Place to Work, a Forbes World's Best Employer, and a Fortune World's Best Workplace. Discover more at NSIT-F View source version on CONTACT: Ryan Miyasato Investor Relations Tel. 408-975-8507 [email protected] KEYWORD: ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: DATA MANAGEMENT SEMICONDUCTOR SECURITY TECHNOLOGY SOFTWARE INTERNET HARDWARE SOURCE: Insight Enterprises, Inc. Copyright Business Wire 2025. PUB: 05/27/2025 09:15 AM/DISC: 05/27/2025 09:15 AM
Yahoo
15-05-2025
- Business
- Yahoo
NSIT Q1 Earnings Call: Guidance Maintained Despite Weak Services Demand and Tariff Headwinds
IT solutions integrator Insight Enterprises (NASDAQ:NSIT) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 11.6% year on year to $2.1 billion. Its non-GAAP profit of $1.96 per share was 2.7% below analysts' consensus estimates. Is now the time to buy NSIT? Find out in our full research report (it's free). Revenue: $2.1 billion vs analyst estimates of $2.24 billion (11.6% year-on-year decline, 5.9% miss) Adjusted EPS: $1.96 vs analyst expectations of $2.01 (2.7% miss) Adjusted EBITDA: $111.3 million vs analyst estimates of $125 million (5.3% margin, 11% miss) Management reiterated its full-year Adjusted EPS guidance of $9.90 at the midpoint Operating Margin: 2.9%, down from 4.2% in the same quarter last year Free Cash Flow Margin: 3.4%, down from 10.1% in the same quarter last year Market Capitalization: $4.33 billion Insight Enterprises reported a year-over-year decline in both revenue and profitability in Q1, as management cited continued challenges with large enterprise client demand, delayed services projects, and ongoing impacts from partner program changes. CEO Joyce Mullen highlighted that while hardware demand showed early signs of recovery, services revenue underperformed due to client caution and project delays, and on-premises software faced difficult comparisons from large deals in the prior year. Looking forward, management reiterated its full-year adjusted EPS guidance, emphasizing confidence in improving hardware demand, expanding AI-related engagements, and disciplined cost management. Mullen noted that the company expects a stronger second half, with improving services attached to hardware sales and increasing adoption of AI and cloud solutions, but cautioned that macroeconomic volatility and tariff risks could continue to weigh on client budgets and project timing. Q1 performance at Insight Enterprises reflected uneven demand across segments, with hardware showing early momentum and services lagging expectations. Management pointed to macroeconomic uncertainty, shifting client priorities, and legacy partner program changes as key factors impacting the quarter. Hardware demand recovering: Hardware revenue grew modestly, led by server and device sales, as commercial and corporate clients began upgrading aging infrastructure. Management expects this trend to support hardware sales through the year. Services project delays: Large enterprise clients postponed services projects due to market uncertainty, leading to a 2% decline in Insight Core services revenue. Management is adopting methodologies from recent acquisitions to improve project scoping and delivery speed. Cloud business realignment: Cloud gross profit was flat, as growth in SaaS and Infrastructure as a Service was offset by declines in legacy Microsoft and Google Cloud contracts. The company is shifting its cloud focus from large enterprises to mid-market and corporate clients. Tariff and supply chain preparedness: Management is monitoring trade policy changes and has increased the frequency of price adjustments to mitigate supply chain and tariff risks. They noted that moderate tariffs have historically been manageable, but larger increases could dampen demand. AI as a long-term driver: While current AI project revenue remains small, Insight is investing in AI capabilities and highlighted early client wins, such as automating creative workflows and unifying customer data, to position for long-term growth. Management maintains a cautious but optimistic outlook, expecting hardware momentum and improving services attachment to offset ongoing macro and client spending headwinds for the remainder of the year. Hardware upgrades and device refresh: An aging installed base and Windows 11 rollouts are expected to drive continued hardware demand, especially as clients prioritize infrastructure modernization. Services improvement tied to hardware: Management anticipates that as hardware bookings convert to sales, services revenue will recover, particularly through better project execution and integration of acquisition-driven methodologies. Tariff and macroeconomic risks: The company highlighted that further increases in tariffs or a worsening macro environment could pressure demand and client capital allocation, representing a key uncertainty in the outlook. Joseph Cardoso (JPMorgan): Asked how management balances optimism in full-year guidance with increasing macro and tariff headwinds. Management pointed to hardware and AI interest, but cautioned their outlook assumes no major macro deterioration. Adam Tindle (Raymond James): Inquired about OEM pricing actions in response to tariffs and potential impacts on demand elasticity. Management noted only minor price increases so far, with most cost increases passed to clients unless tariffs rise significantly. Adam Tindle (Raymond James): Pressed for detail on continued weakness in services and what is being done to address it. Management cited a lag between hardware sales and services, plus ongoing consulting business retooling and acquisition integration. Harry Read (Redburn): Asked about the impact of Microsoft commission changes and current headcount strategy. Management said cloud results aligned with expectations and that SG&A discipline remains a focus, with capacity preserved for sales and technical staff. Vincent Colicchio (Barrington Research): Queried contingency plans if the market slows further, such as offshoring and automation. Management confirmed a playbook for cost management, with more room to offshore and automate SG&A functions if needed. In the next few quarters, the StockStory team will be monitoring (1) hardware demand momentum and whether device and server upgrades continue, (2) the pace of services revenue recovery as hardware sales are converted into project work, and (3) the impact of tariffs and supply chain volatility on pricing and client purchasing patterns. Progress in scaling AI-driven solutions and the success of cost management initiatives will also be key signposts for execution. Insight Enterprises currently trades at a forward P/E ratio of 13.5×. Should you double down or take your chips? The answer lies in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. 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