One company that supports many of the IT jobs Phoenix (Click here) has to offer is continuing to grow.
Insight Enterprises saw tremendous company-wide growth during Q1 2011. The company's net sales increased by 18 percent to $1.2 billion, while gross profits grew by 12 percent to $162.5 million, earnings increased by 32 percent to $22.9 million, and net earnings grew by 43 percent to $13.1 million.
Insight is a leading technology company that provides hardware, software, and service solutions to business and government clients throughout North America, Europe, the Middle East, Africa, and the Asia-Pacific. The company currently employs about 5,100 people worldwide, including many jobs in Tempe (Click here).
"Our financial results in the first quarter reflect solid sales execution and continued strength in demand for IT products globally," Ken Lamneck, president and CEO of Insight, said in a statement. "As we move through the balance of 2011, we will be highly focused on organic growth in our portfolio while continuing our disciplined cost management efforts."
In North America alone, Insight saw its gross profit increase by 11 percent between Q1 2010 and Q1 2011, reaching $109.5 million. Net sales throughout the country increased by 23 percent over the year to $847 million.
A 33 percent increase in software sales accounted for the majority of Insight's net sales growth, followed by a 22 percent increase in sales of services, and a 19 percent increase in hardware sales. Selling and administrative expenses increased by 9 percent to $7.7 million over the year.
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