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

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers