Earnings down at Insight Enterprise
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Posted in IT Channel, 24th April 2006 10:36 GMT
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Insight Enterprise saw earnings slip year-on-year on in its first quarter figures released last week revealed..
Sales for the quarter ending March 31 were $806m, up 3.4 per cent, delivering net earnings of $14.2m, down 8 per cent on the year.
The IT direct marketer’s UK operations saw sales rise 1.1 per cent, while operating earnings were down 5 per cent to $3.5m.
Insight’s North America arm saw sales rise 4.1 per cent to $669m, but operating earnings slipped 8 per cent to $17.2m, while its Direct Alliance arm’s sales slipped 5.2 per cent to $17.1m, while operating earnings down 41 per cent to $1.5m.
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