Menu
Insight Enterprises NZ reports strong 2019 year

Insight Enterprises NZ reports strong 2019 year

Insight Enterprises NZ appears to have been hiring in 2019

Credit: Supplied

The New Zealand arm of Nasdaq-listed ICT supplier Insight Enterprises thrived in 2019, with sales increasing by around 25 per cent.

Sales of $19.8 million in 2018 surged to $24.9 million in 2019 while gross profit lifted from $5.5 million to $7.8 million.

Net profit after tax was also well up at $1.9 million from $1.3 million.

Insight focuses on four areas: supply chain optimisation, cloud and data centre transformation, connected workforce, and digital innovation and is a partner of brands including Microsoft, VMware, Citrix, HP and Lenovo among others.

Software revenue lifted to $16.2 million from $12.7 million while services revenue grew from $5.4 million to $7.8 million. 

Hardware sales, however, declined from $1.7 million to $0.9 million.

Despite the surge in sales, Insight Enterprises NZ's net cash flows from operations fell as trade and other receivables increased from $7.7 million to $12.8 million.

The company adopted new international financial reporting standards during the year which may have affected the timing of sales bookings and year-on-year comparisons.

Salaries and wages expenses were up from $1.2 million to $1.7 million.

Insight Enterprises has been approached for comment.

Last year, Reseller News reported Insight Enterprises' local growth had stalled over the previous two financial years.

The company's $19.8 million in sales then were up from $18.4 million in 2017 and $18.6 million the year before.

Country manager Dean Graham said at the time that Microsoft had shifted its focus from invoiced revenue to consumed revenue particularly around Azure, meaning they were not providing incentives for big up-front commitments.

"Therefore most of our Azure clients let their agreements drift into the pay as you go model where we are charged quarterly and invoice in turn," Graham explained.

Graham said the focus for the NZ business had been around our license optimisation services and managed software asset management services but it was also in the process of launching Insight's digital innovation/cloud and infrastructure/data and AI practice.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags resellerpartnersInsight Enterprises

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments