Insight Enterprises reports Q2 EPS $2.56, consensus $2.58

Reports Q2 revenue $2.35B, consensus $2.41B .Gross profit decreased 1% year to year to $433.2 million with gross margin expanding 240 basis points to a record 18.4%. “The second quarter was more challenging than expected,” stated Joyce Mullen, President and Chief Executive Officer. “Although we did not achieve the overall results we anticipated, we are pleased with many of our key performance indicators that confirm we are making progress on our strategic and financial goals, including record gross margin, continued growth in Insight Core services and Cloud gross profit, and record Adjusted EBITDA margin of 5.9%,” Mullen stated.