Insight Enterprises sees FY24 adjusted EPS $10.50-$10.80, consensus $11.32

Sees FY24 effective tax rate 26%. Sees FY24 capital expenditures $50M-$55M. “We made critical shifts in our operational model to position us well for the future as a solutions integrator,” stated Mullen. “In a tough year from a demand perspective, we achieved record gross margin of 18.2% driven by 26% growth in cloud gross profit and 8% growth in Insight Core Services gross profit. We also generated record cash flows from operating activities of $620 million and record Adjusted diluted earnings per share of $9.69 for the year,” stated Mullen.