Exhibit 99.1

Nasdaq — NSIT	FOR IMMEDIATE RELEASE
	Thursday, January 30, 2003, 4pm ET

INSIGHT ENTERPRISES, INC. REPORTS FOURTH QUARTER RESULTS
Diluted Earnings Per Share of $0.22 Before Goodwill Impairment Charge

TEMPE, Ariz. – January 30, 2003 – Insight Enterprises, Inc. (Nasdaq: NSIT) (the “Company”) today reported fourth quarter 2002 net earnings and diluted earnings per share of $10.3 million and $0.22, respectively, before a charge for goodwill impairment, compared to fourth quarter 2001 net earnings of $9.2 million and diluted earnings per share of $0.22, before charges related to the closure of the Company’s operations in Germany and acquisition integration expenses. Results before non-recurring items (referred to as “adjusted”) are useful in analyzing operating performance, but should be used only in conjunction with results reported in accordance with generally accepted accounting principles (“GAAP”).

Fourth quarter net loss and loss per share were $78.1 million and $1.70, respectively, compared with net earnings of $255,000 and diluted earnings per share of $0.01 in the fourth quarter of 2001. The fourth quarter 2002 results include an $88.4 million, net of taxes, charge for impairment of goodwill, which is discussed below. The fourth quarter 2001 results include non-recurring charges of $8.9 million, net of taxes, related to the closure of the Company’s operations in Germany and acquisition integration expenses. Net loss and loss per share for the year ended December 31, 2002 were $42.8 million and $0.96, respectively, compared with net earnings of $33.9 million and diluted earnings per share of $0.80 for the year ended December 31, 2001. The results for the year ended December 31, 2002 include charges of $89.5 million, net of taxes, for impairment of goodwill and restructuring charges. The results for the year ended December 31, 2001 include charges of $9.7 million, net of taxes, related to the closure of the Company’s operations in Germany, acquisition integration expenses and aborted IPO costs. Please refer to the attached “Adjusted Consolidated Statements of Earnings” for a reconciliation between adjusted results and results reported in accordance with GAAP for the three months and years ended December 31, 2002 and 2001.

Net sales for the quarter ended December 31, 2002 increased 46% to $772.0 million from $529.9 million in the same period in 2001 due to an acquisition. Adjusted net earnings for the fourth quarter of 2002 increased 12% to $10.3 million from $9.2 million in the fourth quarter of 2001. Adjusted diluted earnings per share were $0.22 for the quarters ended December 31, 2002 and 2001. The Company previously stated that it expected net sales and diluted earnings per share to be between $800 million and $850 million and $0.20 and $0.26, excluding any goodwill impairment change, for the fourth quarter of 2002.

Net sales for the year ended December 31, 2002 increased 39% to $2.89 billion from $2.08 billion for the year ended December 31, 2001 due to acquisitions. Adjusted net earnings increased 7% to $46.6 million for the year ended December 31, 2002 from $43.6 million for the year ended December 31, 2001. Adjusted diluted earnings per share decreased 1% to $1.02 for the year ended December 31, 2002, compared to $1.03 for the year ended December 31, 2001.

The Company’s effective tax rate for the year ended December 31, 2002 and 2001 was (139.8)% and 35.8%, respectively. The negative tax rate for 2002 is due to the inability to recognize a tax benefit on the majority of the goodwill impairment charge. Excluding charges for impairment of goodwill and restructuring, the adjusted effective tax rate for the year ended December 31, 2002 was 38.0%. The increase in the effective tax rate, excluding charges for impairment of goodwill and restructuring, was due to higher state tax rates and nondeductible expense amounts for the Company’s Chicago-based operations as well as the recognition of a tax benefit in the fourth quarter of 2001 as a result of the closure of the Company’s operations in Germany. This increase was partially offset by the elimination of losses in Germany (due to the closure of the Company’s German operations during the fourth quarter of 2001), the elimination of goodwill amortization, and a reduction in Canadian tax rates.

Working capital as of December 31, 2002 was $173.2 million compared to $159.7 million as of December 31, 2001. Annualized inventory turns, excluding inventory not available for sale, were 43 times for the fourth quarter of 2002 compared to 80 times for the fourth quarter of 2001. The decrease in annualized inventory turns resulted from a reduction in the percentage of direct shipments and corresponding increase in inventories due to an acquisition, increases in opportunistic purchases and changes in a manufacturer’s buying programs. The $19.8 million of inventory not available for sale represents inventory segregated pursuant to binding customer contracts, negotiated during the fourth quarter, that contain both warehousing and advanced custom imaging and integration services. These contracts do not meet the

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 2 January 30, 2003

criteria for sales recognition under GAAP until the custom imaging and integration services are completed. Days sales in ending receivables were 47 for the fourth quarter of 2002 compared to 52 for the fourth quarter of 2001. Cash flows from operations for the three months and year ended December 31, 2002 were $22.4 million and $75.3 million, respectively, compared to $(29.9) million and $45.6 million for the same periods in 2001.

During the quarter ended December 31, 2002, the Company retired its shares of treasury stock. This had no effect on the results of operations or total stockholders’ equity of the Company but did require a reclassification from treasury stock to common stock, additional paid-in capital and a reduction of retained earnings.

“Despite a challenging economic environment, we believe we held market share. We have also maintained gross margins and began to see savings in operating expenses resulting from the continuing integration of our acquired companies,” said Timothy A. Crown, chief executive officer. “Additionally, we continued to generate positive cash flow which permitted us to reduce the outstanding debt associated with our recent acquisitions.”

Financing Arrangements

On December 31, 2002, the Company entered into new financing arrangements, replacing its two previous credit facilities. The new financing arrangements include a $200 million accounts receivable securitization program, a $30 million revolving line of credit and a $40 million inventory financing facility. Under the $200 million accounts receivable securitization program, the Company sells accounts receivables to a wholly-owned bankruptcy-remote, special purpose entity (“SPE”), which is consolidated with the Company. The SPE sells, on a revolving basis, undivided interests in eligible receivables to a multi-seller conduit administered by a financial institution. The sales to the conduit do not qualify for sale treatment under Statement of Financial Accounting Standards (“SFAS”) No. 140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities” and therefore the receivables remain recorded on the consolidated financial statements of the Company. The accounts receivable securitization program, which had an interest rate of 1.85% at December 31, 2002, is renewable, expires December 30, 2003 and outstanding amounts are recorded as short-term financing arrangements. According to Stanley Laybourne, chief financial officer, “We were able to enter into the accounts receivable securitization program because of the quality of our accounts receivable portfolio, which affords us the opportunity to borrow at very attractive interest rates.” The $30 million revolving line of credit, which has an interest rate of 2.93% at December 31, 2002, expires December 31, 2005 and outstanding amounts are recorded as long-term liabilities. The $40 million inventory financing facility is used to facilitate the purchases of inventories from certain suppliers and the outstanding balance is included in accounts payable. At December 31, 2002, the outstanding balance under the $200 million accounts receivable securitization program was $90.0 million and an additional $90.0 million was available under the program. There were no outstanding balances and the entire amounts were available under the $30 million revolving line of credit and the $40 million inventory financing facility at December 31, 2002.

The Company continues to have a $2.4 million overdraft facility in the United Kingdom, of which $1.2 million was outstanding at December 31, 2002 and included in short-term debt. The facility expires March 2003.

Goodwill Impairment Charge

Effective January 1, 2002, the Company adopted SFAS No. 142, “Goodwill and Other Intangible Assets,” under which goodwill is no longer amortized but instead is assessed for impairment at least annually. Goodwill was tested for impairment upon adoption of SFAS No. 142 as of January 1, 2002 with no resulting impairment of goodwill. The Company completed its annual assessment of the impairment of goodwill during the fourth quarter of 2002. The Company retained a third party to perform valuations of each reporting unit that had recorded goodwill. The reporting units were determined to be the same as the Company’s operating segments: Insight North America, Insight UK, Direct Alliance and PlusNet. (Please refer to discussion below regarding changes in operating segments during the fourth quarter of 2002.) Each of the reporting units had recorded goodwill except Direct Alliance. Upon adoption of SFAS No. 142, Insight North America, Insight UK and PlusNet were included in one operating segment and one reporting unit. Due to a change in operating segments and corresponding reporting units, Insight North America, Insight UK and PlusNet were each tested separately for impairment of goodwill in the fourth quarter annual assessment. As a result of the decline in Insight UK’s operating performance, Insight UK’s book value exceeded its market value resulting in an impairment of goodwill. Based on results of the annual assessment, the Company recorded a non-cash goodwill impairment charge of $91.6 million, $88.4 million net of taxes, which represented the entire goodwill balance recorded at Insight UK. The results of the annual assessment showed that the goodwill amounts recorded at Insight North America and PlusNet were not impaired.

Fourth Quarter Year-Over-Year Segment Analysis

During the fourth quarter of 2002, the Company reorganized its internal reporting structure in conjunction with the continuing integration of its acquisitions. As a result of this revised internal reporting structure, an increased focus on geographic information to make investment decisions and the investment community’s request to receive additional

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 3 January 30, 2003

information, it was determined that, effective in the fourth quarter of 2002, the Company has the following reportable operating segments:

• Direct marketer of computing products and services – North America (referred to as “Insight North America”)

• Direct marketer of computing products and services – United Kingdom (referred to as “Insight UK”)

• Business process outsource provider (referred to as “Direct Alliance”)

• Other: Internet service provider – United Kingdom (referred to as “PlusNet”)

Insight North America, Insight UK, Direct Alliance and PlusNet are discussed below as separate operating segments for all periods presented to conform to their current reportable segment designation. Prior to the fourth quarter of 2002, the results of Insight North America, Insight UK and PlusNet were included in one operating segment, commonly referred to as “Insight”. Results of operations for the Company’s operations in Germany are not included in the segment discussion below as the Company closed these operations in the fourth quarter of 2001.

The Company evaluates the performance of its operating segments based on earnings from operations before non-recurring items. The adjusted operating segment results discussed below for the quarter ended December 31, 2002 do not include the goodwill impairment charge. The adjusted segment results discussed below for the quarter ended December 31, 2001 do not include charges related to the closure of the Company’s operations in Germany or acquisition integration expenses. Please refer to the attached “Segment Reporting Information” for segment information including these charges.

Insight North America

Insight North America’s net sales in the fourth quarter of 2002 increased 69% to $660.3 million, compared to net sales of $391.7 million in the fourth quarter of 2001. The increase in net sales was due to an acquisition in the second quarter of 2002. “We continue to see sluggish demand for computing products, particularly for the small- to medium-sized customer, as companies further tighten their capital spending budgets,” said Mr. Crown.

Insight North America’s gross profit as a percentage of net sales was 10.7% in the fourth quarter of 2002 and 11.0% in the fourth quarter a year ago. According to Mr. Laybourne, “The decrease in gross profit percentage over the prior year is due to the lower gross margins of an acquired company and some reductions in supplier reimbursements, offset partially by net revenue reporting on certain software products and focused internal initiatives to improve product gross margin.” Other components of costs of goods sold have remained fairly consistent as a percentage of net sales.

For the fourth quarter of 2002, Insight North America’s operating expenses were 8.7% of net sales compared to adjusted operating expenses of 8.2% in the same quarter in 2001. Mr. Laybourne added, “The increase in operating expenses as a percentage of sales from prior year is due primarily to investments made in the Insight Services and Insight Global Finance groups, write-offs of certain software due to IT system integration decisions, stay bonuses for certain employees, and increased amortization. These increases have been offset partially by reductions in headcount based on performance based metrics and the initial integration of certain departments. Additionally, operating expenses from an acquired company were historically lower as a percentage of net sales.” Software write-offs of $1.3 million and stay bonuses, primarily for finance and IT staff, of approximately $700,000 were recorded during the fourth quarter of 2002.

Insight North America’s earnings from operations in the fourth quarter of 2002 increased 17% to $12.9 million, compared to adjusted earnings from operations of $11.0 million in the fourth quarter of 2001.

Insight UK

Insight UK’s net sales in the fourth quarter of 2002 decreased 22% to $84.8 million, compared to net sales of $108.8 million in the fourth quarter of 2001. The decrease in net sales was due primarily to a weakened IT spending environment.

Insight UK’s gross profit as a percentage of net sales was 13.1% in the fourth quarter of 2002 as compared to 12.9% in the fourth quarter a year ago. According to Mr. Laybourne, “The increase in gross profit percentage over the prior year is due primarily to an increase in supplier reimbursements classified as a reduction of costs of goods sold and net revenue reporting on certain software products.” Other components of costs of goods sold have remained fairly consistent as a percentage of net sales.

For the fourth quarter of 2002, Insight UK’s adjusted operating expenses were 13.3% of net sales compared to 11.6% in the same quarter in 2001. Mr. Laybourne added, “The increase in adjusted operating expenses as a percentage of net sales is due primarily to a reduction in supplier reimbursements associated with cooperative advertising which are classified as a reduction to operating expenses. Adjusted operating expenses actually decreased 11% from $12.7 million to $11.3 million due to cost cutting measures taken in response to declining net sales and in an effort to focus resources

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Insight Q4 2002 Results, Page 4 January 30, 2003

primarily on the small- to medium-sized business customer. These decreases were offset partially by an increase in the provision for losses on accounts receivable.”

Insight UK posted an adjusted loss from operations in the fourth quarter of 2002 of $191,000 compared to adjusted earnings from operations of $1.3 million in the fourth quarter of 2001. “Although earnings from operations decreased from the fourth quarter of 2001, we are pleased that Insight UK showed sequential improvement over last quarter with an adjusted operating loss of only $191,000,” commented Mr. Crown. “Including PlusNet’s earnings from operations, which have historically been included in information disclosed for our UK operations, our UK operations posted adjusted earnings from operations of $266,000, slightly better than break-even, as previously projected.”

Direct Alliance

Direct Alliance posted overall net sales of $21.6 million in the quarter ended December 31, 2002, a 17% decrease, compared to $26.0 million in the fourth quarter of 2001. The decline in net sales is due to a reduction in freight services that Direct Alliance provides to its clients and a decrease in pass through product sales. Pass through product sales are done as an accommodation to Direct Alliance’s clients and are transacted at little or no gross margin. For the three months ended December 31, 2002, one outsourcing client accounted for approximately 66% of Direct Alliance’s net sales and the three largest clients accounted for approximately 93% of net sales.

Direct Alliance’s gross profit decreased $582,000 or 9% to $5.6 million for the fourth quarter of 2002, compared to $6.2 million for the fourth quarter of 2001. The decline in gross profit is due to an increase in expenses that are allocated to specific projects and therefore included in costs of goods sold rather than operating expenses.

Operating expenses at Direct Alliance decreased 9% to $1.4 million for the fourth quarter of 2002 compared to $1.6 million for the fourth quarter of 2001. The reduction in operating expenses was due to increases in expenses allocated to specific projects and therefore included in costs of goods sold, as well as cost cutting measures. Operating expenses as a percentage of net sales were 6.6% in the fourth quarter of 2002 compared to 6.0% in the fourth quarter of 2001

Direct Alliance posted earnings from operations of $4.1 million for the fourth quarter of 2002, a 10% decrease, compared to adjusted earnings from operations of $4.6 million for Q4 2001.

PlusNet

PlusNet’s net sales in the fourth quarter of 2002 increased 115% to $5.2 million, compared to net sales of $2.4 million in the fourth quarter of 2001. PlusNet has experienced a shift in the primary source of its net sales from “dial-up” to broadband Internet access customers. Although broadband Internet access is sold at a lower gross margin percentage, it is providing an increase in net sales and earnings from operations for PlusNet. The Company expects broadband Internet access to continue to increase as a percentage of PlusNet’s net sales.

PlusNet’s gross profit as a percentage of net sales decreased from 58.0% in the fourth quarter of 2001 to 40.5% in the fourth quarter 2002 due to broadband Internet access, which is sold at lower gross margins, representing a higher percentage of net sales in the fourth quarter of 2002.

For the fourth quarter of 2002, PlusNet’s operating expenses were 31.8% of net sales compared to 91.2% in the same quarter in 2001. This decrease was due to an increase in net sales and a decrease due to goodwill no longer amortized in accordance with SFAS No. 142.

Earnings from operations increased to $457,000 in the fourth quarter of 2002, compared to a loss from operations of $806,000 in the fourth quarter of 2001.

Guidance

The Company expects diluted earnings per share for the first quarter of 2003 to be between $0.20 and $0.26, excluding expenses of approximately $3 million to $4 million related to accelerated depreciation of software that will not be utilized after the IT system conversion and expenses related to the closure of the Company’s Indianapolis warehouse facility, both a result of the continuing integration plan. Additionally, bonuses were not paid to the majority of the executives in the fourth quarter of 2002 or 2001. If executive bonuses had been paid in the fourth quarter of 2002 based upon results of operations before the goodwill impairment charge, approximately $900,000 of additional expense would have been recorded.

Mr. Crown summarized, “While the top line for the fourth quarter of 2002 was lower than we had expected, our bottom line was within our expectations. We are cautious in our short-term guidance due to economic uncertainties and will provide guidance for diluted earnings per share only. While our bottom line performance in the first quarter of 2003 will be reduced

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 5 January 30, 2003

as a result of accelerated depreciation on software, continued stay bonuses and costs related to the closure of our Indianapolis warehouse facility, opportunities remain to improve earnings by successfully executing acquisition integration plans, increasing gross margin and decreasing operating expenses in other areas.”

Conference Call and Webcast

The Company will host a corresponding conference call and live webcast today at 5:00 p.m. ET to discuss the quarterly results of operations. A live webcast of the conference call (in listen-only mode) will be available on the Company’s corporate website at www.insight.com. A replay of the webcast will be available on the corporate website for a limited time.

Forward-Looking Information

Certain statements in this release are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect sales, gross profit, operating expenses or net earnings; projections of capital expenditures; projections for growth; hiring plans; plans for future operations; financing needs or plans; plans relating to the Company’s products; and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. Some of the important factors that could cause the Company’s actual results to differ materially from those projected in any forward-looking statements include, but are not limited to, the following: risks associated with past and future acquisitions, management of growth, current unfavorable economic conditions (including uncertainty created by potential military action) and reduced demand for products and services in the Company’s industry, reliance on suppliers, changes in manufacturers’ buying programs, changes in supplier reimbursement programs, risks associated with international operations, reliance on information and telephone systems, actions of competitors, reliance on outsourcing clients, changing methods of distribution, availability of short-term credit facilities, dependence on key personnel, rapid changes in product standards, changes in state sales or use tax collection requirements and results of litigation. These factors are discussed in greater detail under “Factors That May Affect Future Results And Financial Condition” in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2002, as filed with the Securities and Exchange Commission.

Contacts:	Stanley Laybourne	Karen McGinnis
	Executive Vice President,	Senior Vice President-
	Chief Financial Officer and Treasurer	Finance
	Tel. 480-350-1142	Tel. 480-333-3074
	Email   slaybour@insight.com	Email   kmcginni@insight.com

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 6 January 30, 2003

INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Earnings
(In thousands, except per share amounts)
(Unaudited)

			For the						For the
			Three Months Ended						Year Ended
			December 31,						December 31,
			2002			2001			2002			2001
Net sales			$	771,955		$	529,860		$	2,890,986		$	2,082,339
Costs of goods sold				682,481			465,039			2,555,376			1,840,167
		Gross profit		89,474			64,821			335,610			242,172
Operating expenses:
	Selling and administrative expenses			71,558			48,526			254,398			167,627
	Goodwill impairment			91,587			—			91,587			—
	Expenses related to closure of German operation			—			10,566			—			10,566
	Acquisition integration expenses			—			7,194			—			7,194
	Restructuring expenses			—			—			1,500			—
	Aborted IPO costs			—			—			—			1,354
	Amortization			622			452			1,400			1,910
		(Loss) earnings from operations		(74,293	)		(1,917	)		(13,275	)		53,521
Non-operating expense, net				982			821			4,587			770
		(Loss) earnings before income taxes		(75,275	)		(2,738	)		(17,862	)		52,751
Income tax expense (benefit)				2,872			(2,993	)		24,978			18,864
		Net (loss) earnings	$	(78,147	)	$	255		$	(42,840	)	$	33,887
(Loss) earnings per share:
		Basic	$	(1.70	)	$	0.01		$	(0.96	)	$	0.82
		Diluted	$	(1.70	)	$	0.01		$	(0.96	)	$	0.80
Shares used in per share calculation:
		Basic		46,071			41,724			44,808			41,460
		Diluted		46,071			42,513			44,808			42,388

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 7 January 30, 2003

INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(In thousands)

				December 31,		December 31,
				2002		2001
				(unaudited)
ASSETS
Current assets:
	Cash and cash equivalents			$	30,930	$	31,868
	Accounts receivable, net				401,173		296,749
	Inventories, net				73,387		33,754
	Inventories not available for sale				19,808		—
	Deferred income taxes and other current assets				25,181		13,046
		Total current assets			550,479		375,417
Property and equipment, net					120,732		105,663
Goodwill, net					94,110		108,731
Other assets					352		670
				$	765,673	$	590,481
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
	Accounts payable			$	235,772	$	172,872
	Accrued expenses and other current liabilities				46,872		39,794
	Current portion of long-term debt and capital leases				3,414		3,009
	Short-term financing arrangements				91,178		—
		Total current liabilities			377,236		215,675
Long-term debt and capital leases, less current portion					13,146		16,228
Lines of credit					—		38,524
Stockholders’ equity:
	Preferred stock				—		—
	Common stock				461		427
	Additional paid-in capital				252,624		170,982
	Retained earnings				112,597		174,288
	Accumulated other comprehensive income – foreign currency translation adjustment				9,609		(2,334	)
	Treasury stock				—		(23,309	)
			Total stockholders’ equity		375,291		320,054
				$	765,673	$	590,481

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 8 January 30, 2003

INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)

					For the Year Ended
					December 31,
					2002			2001
					(unaudited)
Cash flows from operating activities:
	Net (loss) earnings				$	(42,840	)	$	33,887
	Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
			Goodwill impairment			91,587			—
			Depreciation and amortization			21,936			17,830
			Provision for losses on accounts receivable			10,102			10,020
			Provision for obsolete, slow-moving and non-salable inventories			9,850			10,656
			Closure of German operation			—			10,566
			Tax benefit from stock options exercised			5,200			3,756
			Deferred income taxes			(3,422	)		2,269
		Changes in assets and liabilities, net of acquisitions:
				Decrease in accounts receivable		38,182			73,998
				Increase in inventories		(19,992	)		(12,348	)
				Increase in other current assets		(6,045	)		(3,052	)
				(Increase) decrease in other assets		(404	)		1,217
				Decrease in accounts payable		(15,030	)		(98,663	)
				Decrease in accrued expenses and other current liabilities		(13,783	)		(4,530	)
				Net cash provided by operating activities		75,341			45,606
Cash flows from investing activities, net of acquisitions:
	Purchases of property and equipment					(18,507	)		(31,324	)
	Purchase of Action plc, net of cash acquired					—			(38,860	)
	Purchase of Kortex Computer Centre ltd, net of cash acquired					—			(3,485	)
	Purchase of Comark, Inc and Comark Investments, Inc. (Collectively, “Comark”)					(102,423	)		—
				Net cash used in investing activities		(120,930	)		(73,669	)
Cash flows from financing activities, net of acquisitions:
		Net borrowings on financing arrangements and lines of credit				16,266			19,271
	Net repayment of long-term debt and capital leases					(3,270	)		(1,121	)
	Proceeds from sales of common stock through employee stock plans					28,934			16,905
				Net cash provided by financing activities		41,930			35,055
Foreign currency impact on cash flow						2,721			(41	)
(Decrease) increase in cash and cash equivalents						(938	)		6,951
Cash and cash equivalents at beginning of period						31,868			24,917
Cash and cash equivalents at end of period					$	30,930		$	31,868

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 9 January 30, 2003

INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES
QUARTERLY SEGMENT OPERATING DATA TABLE
(UNAUDITED)

			Three Months Ended
			December 31,
			2002			2001			% change
Insight North America
Number of account executives				1,711			1,199			43	%
Direct shipments %				65	%		76	%		15	%**
Average order size			$	1,474		$	1,174			26	%
Percent of sales to businesses				99	%		98	%		93	%*
Percent unassisted web sales				5.8	%		15.2	%		(37)	%*
Product Mix:
	Notebooks and PDA’s			14	%		13	%		87	%*
	Desktops and servers			17	%		15	%		80	%*
	Software			14	%		16	%		40	%*
	Storage devices			9	%		12	%		20	%*
	Networking and connectivity			12	%		9	%		104	%*
	Printers			12	%		12	%		70	%*
	Monitors and video			7	%		7	%		83	%*
	Memory and processors			4	%		5	%		42	%*
	Supplies and accessories			5	%		3	%		155	%*
	Miscellaneous			6	%		8	%		39	%*
Insight UK
Number of account executives				259			319			(19	%)
Direct shipments %				55	%		29	%		47	%**
Average order size			$	871		$	669			30	%
Percent of sales to businesses				96	%		98	%		(44)	%*
Percent unassisted web sales				17.0	%		6.2	%		113	%*
Product Mix:
	Notebooks and PDA’s			14	%		15	%		(26)	%*
	Desktops and servers			13	%		20	%		(50)	%*
	Software			17	%		19	%		(32)	%*
	Storage devices			5	%		10	%		(60)	%*
	Networking and connectivity			8	%		7	%		(18)	%*
	Printers			10	%		11	%		(26)	%*
	Monitors and video			8	%		4	%		73	%*
	Memory and processors			4	%		3	%		7	%*
	Supplies and accessories			12	%		6	%		54	%*
	Miscellaneous			9	%		5	%		34	%*
Direct Alliance
Net sales mix:
		Service fees		93	%		86	%		(11	%)*
		Pass through product sales		7	%		14	%		(56	%)*

*	Based on net sales dollars
**	Based on number of direct shipments

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 10 January 30, 2003

INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES
SEGMENT REPORTING INFORMATION
(IN THOUSANDS)
(UNAUDITED)

Three Months Ended December 31, 2002

		Insight							Insight			Insight			Direct
		North America		Insight UK			PlusNet		Germany			Total			Alliance		Consolidated
Net sales		$	660,318	$	84,816		$	5,215	$	—		$	750,349		$	21,606	$	771,955
Costs of goods sold			589,653		73,694			3,101		—			666,448			16,033		682,481
	Gross profit		70,665		11,122			2,114		—			83,901			5,573		89,474
Operating expenses:
Selling and administrative expenses			57,110		11,313			1,657		42			70,122			1,436		71,558
Goodwill impairment			—		91,587			—		—			91,587			—		91,587
Restructuring expenses			—		—			—		—			—			—		—
Amortization			622		—			—		—			622			—		622
	Earnings (loss) from operations	$	12,933	$	(91,778	)	$	457	$	(42	)	$	(78,430	)	$	4,137		(74,293	)
Non-operating expense, net																		982
	Loss before income taxes																	(75,275	)
Income tax expense																		2,872
	Net loss																$	(78,147	)
Adjusted earnings (loss) from operations**		$	12,933	$	(191	)	$	457	$	(42	)	$	13,157		$	4,137	$	17,294

**Excludes goodwill impairment.

Year Ended December 31, 2002

		Insight							Insight			Insight			Direct
		North America		Insight UK			PlusNet		Germany			Total			Alliance		Consolidated
Net sales		$	2,397,715	$	382,254		$	15,091	$	—		$	2,795,060		$	95,926	$	2,890,986
Costs of goods sold			2,137,687		335,046			7,890		—			2,480,623			74,753		2,555,376
	Gross profit		260,028		47,208			7,201		—			314,437			21,173		335,610
Operating expenses:
Selling and administrative expenses			196,881		47,641			5,404		(341	)		249,585			4,813		254,398
Goodwill impairment			—		91,587			—		—			91,587			—		91,587
Restructuring expenses			—		1,500			—		—			1,500			—		1,500
Amortization			1,400		—			—		—			1,400			—		1,400
	Earnings (loss) from operations	$	61,747	$	(93,520	)	$	1,797	$	341		$	(29,635	)	$	16,360		(13,275	)
Non-operating expense, net																		4,587
	Loss before income taxes																	(17,862	)
Income tax expense																		24,978
	Net loss																$	(42,840	)
Adjusted earnings (loss) from operations**		$	61,747	$	(433	)	$	1,797	$	341		$	63,452		$	16,360	$	79,812

**Excludes goodwill impairment and restructuring expenses.

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 11 January 30, 2003

INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES
Segment Reporting Information
(In thousands)
(Unaudited)

Three Months Ended December 31, 2001

		Insight								Insight			Insight			Direct
		North America		Insight UK			PlusNet			Germany			Total			Alliance		Consolidated
Net sales		$	391,709	$	108,843		$	2,421		$	890		$	503,863		$	25,997	$	529,860
Costs of goods sold			348,523		94,836			1,018			820			445,197			19,842		465,039
	Gross profit		43,186		14,007			1,403			70			58,666			6,155		64,821
Operating expenses:
Selling and administrative expenses			32,002		12,612			2,025			316			46,955			1,571		48,526
Expenses related to closure of German operation			—		—			—			10,566			10,566			—		10,566
Acquisition integration expenses			3,571		3,623			—			—			7,194			—		7,194
Aborted IPO costs			—		—			—			—			—			—		—
Amortization			135		63			184			70			452			—		452
	Earnings (loss) from operations	$	7,478	$	(2,291	)	$	(806	)	$	(10,882	)	$	(6,501	)	$	4,584		(1,917	)
Non-operating expense, net																			821
	Loss before income taxes																		(2,738	)
Income tax benefit																			(2,993	)
	Net earnings																	$	255
Adjusted earnings (loss) from operations**		$	11,049	$	1,332		$	(806	)	$	(316	)	$	11,259		$	4,584	$	15,843

**Excludes expenses related to closure of German operation and acquisition integration expenses.

Year Ended December 31, 2001

		Insight							Insight			Insight		Direct
		North America		Insight UK			PlusNet		Germany			Total		Alliance		Consolidated
Net sales		$	1,766,771	$	197,552		$	8,942	$	6,622		$	1,979,887	$	102,452	$	2,082,339
Costs of goods sold			1,578,028		173,584			3,119		6,102			1,760,833		79,334		1,840,167
	Gross profit		188,743		23,968			5,823		520			219,054		23,118		242,172
Operating expenses:
Selling and administrative expenses			132,095		22,626			4,249		2,208			161,178		6,449		167,627
Expenses related to closure of German operation			—		—			—		10,566			10,566		—		10,566
Acquisition integration expenses			3,571		3,623			—		—			7,194		—		7,194
Aborted IPO costs			—		—			—		—			—		1,354		1,354
Amortization			538		222			765		385			1,910		—		1,910
	Earnings (loss) from operations	$	52,539	$	(2,503	)	$	809	$	(12,639	)	$	38,206	$	15,315		53,521
Non-operating expense, net																	770
	Earnings before income taxes																52,751
Income tax expense																	18,864
	Net earnings															$	33,887
Adjusted earnings (loss) from operations**		$	56,110	$	1,120		$	809	$	(2,073	)	$	55,966	$	16,669	$	72,635

**Excludes expenses related to closure of German operation, acquisition integration expenses and aborted IP costs.

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 12 January 30, 2003

INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES

Adjusted Consolidated Statements of Earnings
(In thousands, except per share amounts and footnotes)
(Unaudited)

			For the									For the
			Three Months Ended									Year Ended
			December 31, 2002									December 31, 2002
			GAAP			Adjustments			Adjusted			GAAP			Adjustments			Adjusted
Net sales			$	771,955		$	—		$	771,955		$	2,890,986		$	—		$	2,890,986
Costs of goods sold				682,481			—			682,481			2,555,376			—			2,555,376
		Gross profit		89,474			—			89,474			335,610			—			335,610
Operating expenses:
	Selling and administrative expenses			71,558			—			71,558			254,398			—			254,398
	Goodwill impairment			91,587			(91,587	)(a)		—			91,587			(91,587	)(a)		—
	Restructuring expense						—			—			1,500			(1,500	) (b)		—
	Amortization			622			—			622			1,400			—			1,400
		Loss (earnings) from operations		(74,293	)		(91,587	)		17,294			(13,275	)		93,087			79,812
Non-operating expense, net				982			—			982			4,587			—			4,587
		(Loss) earnings before income taxes		(75,275	)		91,587			16,312			(17,862	)		93,087			75,225
Income tax expense				2,872			3,160			6,032			24,978			3,610			28,588
		Net (loss) earnings	$	(78,147	)	$	88,427		$	10,280		$	(42,840	)	$	89,477		$	46,637
(Loss) earnings per share:
		Basic	$	(1.70	)	$	1.92		$	0.22		$	(0.96	)	$	2.00		$	1.04
		Diluted	$	(1.70	)	$	1.92		$	0.22		$	(0.96	)	$	1.96		$	1.02
Shares used in per share calculation:
		Basic		46,071			46,071			46,071			44,808			44,808			44,808
		Diluted		46,071			46,123	(c)		46,123	(c)		44,808			45,585	(c)		45,585	(c)

Footnotes:

(a)	A goodwill charge of $91.6 million was recorded in the Insight UK operating segment as a result of the Company’s annual impairment testing under SFAS No. 142.
(b)	During the quarter ended September 30, 2002, Insight UK recorded $1.5 million of severance costs in connection with the restructuring of its operations.
(c)	The dilutive effect of stock options is included in the share counts for adjusted diluted earnings per share.

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958

Insight Q4 2002 Results, Page 13 January 30, 2003

INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES
Adjusted Consolidated Statements of Earnings
(In thousands, except per share amounts and footnotes)
(Unaudited)

			For the								For the
			Three Months Ended								Year Ended
			December 31, 2001								December 31, 2001
			GAAP			Adjustments			Adjusted		GAAP		Adjustments			Adjusted
Net sales			$	529,860		$	—		$	529,860	$	2,082,339	$	—		$	2,082,339
Costs of goods sold				465,039			—			465,039		1,840,167		—			1,840,167
		Gross profit		64,821						64,821		242,172					242,172
Operating expenses:
	Selling and administrative expenses			48,526			—			48,526		167,627		—			167,627
	Expenses related to closure of German operation			10,566			(10,566	) (d)		—		10,566		(10,566	) (d)		—
	Acquisition integration expenses			7,194			(7,194	) (e)		—		7,194		(7,194	) (e)		—
	Aborted IPO costs			—			—			—		1,354		(1,354	) (f)		—
	Amortization			452			—			452		1,910		—			1,910
		(Loss) earnings from operations		(1,917	)		17,760			15,843		53,521		19,114			72,635
Non-operating expense, net				821			—			821		770		—			770
		(Loss) earnings before income taxes		(2,738	)		17,760			15,022		52,751		19,114			71,865
Income tax (benefit) expense				(2,993	)		8,842			5,849		18,864		9,366			28,230
		Net earnings	$	255		$	8,918		$	9,173	$	33,887	$	9,748		$	43,635
Earnings per share:
		Basic	$	0.01		$	0.21		$	0.22	$	0.82	$	0.23		$	1.05
		Diluted	$	0.01		$	0.21		$	0.22	$	0.80	$	0.23		$	1.03
Shares used in per share calculation:
		Basic		41,724			41,724			41,724		41,460		41,460			41,460
		Diluted		42,513			42,513			42,513		42,388		42,388			42,388

Footnotes:

(d)	Insight closed its German operation during the quarter ended December 31, 2001 and recorded a non-recurring charge of $10.6 million, including $10.2 million of non-cash charges due primarily to the write-off of goodwill and the recognition of the cumulative foreign currency translation adjustment. The remaining cash charges represent severance costs and lease commitments.
(e)	In connection with the acquisitions of Action and Kortex during the quarter ended December 31, 2001, Insight UK and Insight North America recorded non-recurring charges relating to integration costs totaling $7.2 million, of which $3.5 million represented non-cash write-offs of fixed assets, leasehold improvements and government grant receivables. The remaining cash charges primarily represent severance costs and lease termination expenses.
(f)	Direct Alliance withdrew its planned initial public offering (“IPO”) during the quarter ended June 30, 2001 and recorded a $1.4 million charge related to costs incurred in connection with the aborted IPO.

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Insight Enterprises, Inc. 1305 West Auto Drive Tempe, Arizona 85284 480-902-1001 FAX 480-760-8958