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

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust