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Thursday, November 10, 2011
IT Jobs Phoenix See More Sales During Q3
Insight Enterprises, Inc. recently announced that net sales increased by 6 percent to $1.24 billion between Q3 2010 and Q3 2011. This is great news for anyone seeking the IT jobs Phoenix has to offer, as increased sales usually equates to more hires.
"Solid sales performance combined with significant operating leverage led to double digit earnings growth and operating margin expansion in the third quarter," Ken Lamneck, president and CEO of Insight, said in a statement. "We executed very well to optimize our sales performance and continued to tightly manage our costs during the quarter."
Highlights of the report include:
- Net sales increased 6 percent to $1.24 billion.
- North America were up 5 percent to $913.6 million.
- Europe, the Middle East and Africa rose 8 percent to $289.1 million
- Asia Pacific increased 17 percent to $35.3 million
- Gross profit grew 6 percent to $163.5 million.
- North America rose 4 percent to $114.6 million.
- EMEA increased 10 percent to $42.1 million.
- APAC was up 13 percent to $6.8 million.
- Earnings from operations increased 12 percent to $27.9 million
- North America grew to $24.6 million.
- EMEA reached $2.7 million.
- APAC climbed to $599,000.
- Net earnings rose 19 percent to $17.2 million
- Diluted earnings per share grew 23 percent to 38 cents.
- The company repurchased about 2,024,000 shares of common stock for $35.9 million, completing a $50 million share repurchase program.
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