The Channel logo

News

By | Mark Ballard 27th January 2006 17:35

Insight holding out

Can't see the forest for the GAAP in Q405

Insight Enterprises, the IT mail-order giant, has reported a decline in year on year earnings of 64 per cent.

Net sales were up 3.4 per cent to $832.9m for final quarter of 2005, most of the increase appearing to come from the SME business in the US. But a mealy-mouthed press statement said: "Growth rates in our large enterprise business were clearly affected by a very competitive pricing environment."

Make of that what you will. Non-GAAP earnings were up 9 per cent to $16.8m. The difference in GAAP and non-GAAP operating margins was just over one per cent. Restructuring helped it reduce costs by three tenths of a percent.

Insight UK reported gross profit as a percentage of sales of 13.8 per cent, a slight increase nudged up by inventory write-downs. The growth was reversed to a slight decline in the conversation to dollars though, with final reckoning at $109.6m sales for the quarter. ®

alert Send corrections

Opinion

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

AWS and Salesforce match up to Ellison's hardware
Five years on, what did Larry's lot do to Sun's partner network?
But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon