Insight Enterprises reports Q1 EPS $1.78, consensus $1.86

Reports Q1 revenue $2.32B, consensus $2.55B. "Our first quarter results were in line with our expectations, in a market that was even more volatile than we had anticipated. We are pleased with our gross margin performance, which expanded by 250 basis points to 16.8%, led by 38% growth in cloud gross profit," stated Joyce Mullen, President and Chief Executive Officer. "This performance reflects our belief that, in a world of accelerated change, our clients need a partner with deep expertise they can trust to deliver innovative results fast," Mullen stated.