Insight's EMEA performance casts a pall over partner's Q4 performance

Nima Green
clock • 2 min read
Insight's EMEA performance casts a pall over partner's Q4 performance

Insight CFO insists EMEA operations are ‘healthy’, as earnings decline for another consecutive quarter

Insight's EMEA earnings have slumped in Q4 due to a decline in product sales during the quarter. The US reseller reported flat year on year sales, coming in at $2.29bn (€1.89bn). Net sales in EMEA were also flat, year on year, at $403m. EMEA earnings however fell by nine per cent, to $9.3m. In an earnings call transcribed by Seeking Alpha, Insight CEO Kenneth Lamneck called the reseller's FY 2020 "one of the most challenging we faced as a company". "In the fourth quarter, the d...

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