Boston, MA 05/13/2014 (wallstreetpr) – Insight Enterprises, Inc. (NASDAQ:NSIT) is a global IT provider. The company operates in North America, Europe, Middle East and Africa (EMEA) region and Asia-Pacific.
Though the company reported 1Q results that showed improvement in the top-line and bottom-line, Asia-Pacific region delivered more concerns than satisfaction in the quarter. The region noted about 4 percent revenue decline, leading to speculations that the company could be facing intense competition in the market or the management is not doing enough to attract business in the segment.
However, according to Insight Enterprises, Inc. (NASDAQ:NSIT) CEO Ken Lamneck, there is no cause for alarm over Asia-Pacific segment. That
is to mean that while Asia-Pacific failed to return positive growth in the latest quarter, the management believes that the region has the potential to support future growth. Therefore, laying out of the ground for future growth is what is currently required, and the company is already doing that.
As Insight Enterprises, Inc. (NASDAQ:NSIT) looks to improve performance in Asia-Pacific region, the company will also need to look into the performance in EMEA region. Sales in the region remained flat year-over-year, a performance that does not inspire investor confidence.
1Q revenue growth linked to North America
Insight Enterprises, Inc. (NASDAQ:NSIT) seems to have some challenges in its international operations. However, strong performance in North America offset the impact of the tepid international market in the latest quarter. The North American sales were up 5 percent in the quarter, therefore, offsetting the impact of the 4 percent decline in Asia-Pacific and flat sales in EMEA region.
The company generated overall revenue of $1.2 billion in 1Q, with North American contributing $780.7 million, EMAE $387.9 million and $Asia-Pacific $45.9 million.
In conclusion
Owing to the strong support from North America, Insight Enterprises, Inc. (NASDAQ:NSIT) realized a net income of $11.6 million or 28 cents per share. That compared with a net income of $9.1 million or 20 cents per share in the same period a year ago.
The quarter also saw the company returning $26.7 million to shareholders in shares repurchase program.
