Insight signs framework agreement with the City of Stockholm for software and cloud services
The City of Stockholm is one of Sweden's largest employers with around 40,000 employees, in addition to elected representatives within the city council and district committees. The agreement also covers the municipal school operations, which engages around 140,000 students.
City operations cover a wide range of different areas of activity with different IT needs – from preschool and elderly care to cultural institution management and infrastructure.
The procurement emphasized the importance of the partner's capacity and expertise, especially in order to be able to offer continuous advice and external monitoring and insights. This will support the city in making well-founded decisions in a rapidly changing technological environment.
'We are very proud to be entrusted with supporting the City of Stockholm in their digital development. It is a mission with great societal benefit and complexity, where we have the opportunity to contribute with modern IT solutions that strengthen the city's operations', says Sandra Simms, Country Leader, Sweden at Insight Technology Solutions AB.
Insight is a global leader in solution integration and digital transformation. Through technical expertise, a broad solution offering and strong delivery capacity, the company helps organizations around the world achieve their goals and realize their digital strategies.
'Together with our partners, we look forward to contributing to the City of Stockholm gaining access to effective and future-proof IT tools and services that strengthen service to citizens', concludes Sandra Simms.
About Insight
Insight Enterprises is a leading Solutions Integrator that helps clients solve technology challenges by combining the right hardware, software, and services. We're a global Fortune 500 technology company with a network of over 8,000 partners and experts around the world who provide access to end-to-end IT capabilities. For more than 35 years, we have delivered and optimized technology solutions for our clients efficiently, effectively, and safely. We are rated as a Great Place to Work, a Forbes World's Best Employer, and a Fortune World's Best Workplace. Discover more at insight.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 hours ago
- Yahoo
Boozt AB (BOZTY) Q2 2025 Earnings Call Highlights: Navigating Revenue Decline with Strategic ...
Revenue: Declined by 3% to SEK1.8 billion, flat in local currency. Booztlet Revenue Growth: Increased by 14% or 17% in local currency. Revenue Decline: Decreased by 6% or 3% in local currency. Adjusted EBIT Margin: 3.4%, down 1.5 percentage points from last year. Gross Margin: 39.1%, down 2.7 percentage points from last year. Free Cash Flow: More than doubled to SEK186 million from SEK90 million last year. Share Buyback: SEK94 million worth of shares repurchased in the quarter. Net Cash Position: SEK75 million at the end of the quarter. Customer Metrics: 53% of customers bought from more than one category, up from 51% last year. Average Order Value: Increased 2% to SEK934. Fulfillment Cost Ratio: Improved to 10.5% from 11.4% last year. Marketing Cost Ratio: Increased to 11.5% from 10.8% last year. Admin and Other Costs Ratio: Decreased by 1.5 percentage points to 9.7%. Financial Guidance for 2025: Net revenue growth of 0% to 6% and adjusted EBIT margin of 4.5% to 5.5%. Free Cash Flow Guidance for 2025: At least SEK500 million. Warning! GuruFocus has detected 3 Warning Sign with BOZTY. Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Booztlet's revenue grew by 14% or 17% in local currency, driven by effective inventory clearance strategies. Strong free cash flow more than doubled to SEK186 million, supported by disciplined inventory management and customs repayment. The company repurchased SEK94 million worth of shares, with plans to increase the share buyback program from SEK200 million to SEK300 million. Operational cost improvements were noted, with fulfillment and admin costs improving by close to 2.5-percentage-points combined. Strategic initiatives in AI and hiring are expected to fuel future growth, enhancing customer experience and operational efficiency. Negative Points Reported revenue declined by 3% due to a 3% currency headwind, with seeing a revenue decline of 6% or 3% in local currency. Adjusted EBIT margin for the quarter was 3.4%, down 1.5-percentage-points from last year, impacted by lower gross margins and higher marketing costs. Marketing cost ratio increased to 11.5% from 10.8% last year, with offline marketing not yielding expected returns. Consumer confidence remains low, particularly affecting demand in Denmark and the women's fashion category. Inventory levels were initially too high, necessitating clearance sales that impacted gross margins negatively. Q & A Highlights Q: Can you provide insights into the start of Q3, considering the variations in April, May, and June? A: Normally, we don't provide current trading details, but I can share that we're back to growth, albeit modest. This supports our guidance for the second half. - Hermann Haraldsson, CEO Q: The guidance range seems wide. Is the upper end of the guidance optimistic given H1 sales? A: It's a combination of easier comps, better stock alignment, and optimism for revenue. On costs, we're well-controlled, so the midpoint is a good bet, not the lower end. - Hermann Haraldsson, CEO Q: Can you confirm the underlying margin in Q2 and Q3, excluding Norwegian import duties? A: We have a tailwind from customs of 0.7-percentage-points this quarter, with a full-year impact of around 0.5-percentage-points. - Sandra Gadd, CFO Q: How has the FX rate movement affected your guidance? A: It's too early to say definitively, but our current guidance covers the changes. We'll be more specific in Q3 if needed. - Sandra Gadd, CFO Q: What is the quality of your current inventory, and do you anticipate further clearances in Q3? A: Our inventory is in line with last year, and we have managed to clear excess stock. We are focusing on having the right inventory for especially correcting for the women's category for fall. - Hermann Haraldsson, CEO Q: Will the marketing spend in H2 be neutralized by increased fashion-related marketing? A: The marketing cost ratio was too high in Q2. We aim for a long-term ratio of 10% or below, and we are revisiting our strategy to increase category awareness effectively. - Hermann Haraldsson, CEO Q: What drove the recovery in June, and was it widespread across regions? A: The recovery was driven by improved weather and consumer confidence. Denmark remains more depressed, while Sweden is performing well. - Hermann Haraldsson, CEO Q: Have you seen any changes in competition from ultra-fast fashion players? A: Competition remains intense, but some ultra-fast fashion players are losing ground. The decline in women's dresses may be due to cheaper, trend-driven purchases. - Hermann Haraldsson, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
16 hours ago
- Yahoo
Boozt AB (BOZTY) Q2 2025 Earnings Call Highlights: Navigating Revenue Decline with Strategic ...
Revenue: Declined by 3% to SEK1.8 billion, flat in local currency. Booztlet Revenue Growth: Increased by 14% or 17% in local currency. Revenue Decline: Decreased by 6% or 3% in local currency. Adjusted EBIT Margin: 3.4%, down 1.5 percentage points from last year. Gross Margin: 39.1%, down 2.7 percentage points from last year. Free Cash Flow: More than doubled to SEK186 million from SEK90 million last year. Share Buyback: SEK94 million worth of shares repurchased in the quarter. Net Cash Position: SEK75 million at the end of the quarter. Customer Metrics: 53% of customers bought from more than one category, up from 51% last year. Average Order Value: Increased 2% to SEK934. Fulfillment Cost Ratio: Improved to 10.5% from 11.4% last year. Marketing Cost Ratio: Increased to 11.5% from 10.8% last year. Admin and Other Costs Ratio: Decreased by 1.5 percentage points to 9.7%. Financial Guidance for 2025: Net revenue growth of 0% to 6% and adjusted EBIT margin of 4.5% to 5.5%. Free Cash Flow Guidance for 2025: At least SEK500 million. Warning! GuruFocus has detected 3 Warning Sign with BOZTY. Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Booztlet's revenue grew by 14% or 17% in local currency, driven by effective inventory clearance strategies. Strong free cash flow more than doubled to SEK186 million, supported by disciplined inventory management and customs repayment. The company repurchased SEK94 million worth of shares, with plans to increase the share buyback program from SEK200 million to SEK300 million. Operational cost improvements were noted, with fulfillment and admin costs improving by close to 2.5-percentage-points combined. Strategic initiatives in AI and hiring are expected to fuel future growth, enhancing customer experience and operational efficiency. Negative Points Reported revenue declined by 3% due to a 3% currency headwind, with seeing a revenue decline of 6% or 3% in local currency. Adjusted EBIT margin for the quarter was 3.4%, down 1.5-percentage-points from last year, impacted by lower gross margins and higher marketing costs. Marketing cost ratio increased to 11.5% from 10.8% last year, with offline marketing not yielding expected returns. Consumer confidence remains low, particularly affecting demand in Denmark and the women's fashion category. Inventory levels were initially too high, necessitating clearance sales that impacted gross margins negatively. Q & A Highlights Q: Can you provide insights into the start of Q3, considering the variations in April, May, and June? A: Normally, we don't provide current trading details, but I can share that we're back to growth, albeit modest. This supports our guidance for the second half. - Hermann Haraldsson, CEO Q: The guidance range seems wide. Is the upper end of the guidance optimistic given H1 sales? A: It's a combination of easier comps, better stock alignment, and optimism for revenue. On costs, we're well-controlled, so the midpoint is a good bet, not the lower end. - Hermann Haraldsson, CEO Q: Can you confirm the underlying margin in Q2 and Q3, excluding Norwegian import duties? A: We have a tailwind from customs of 0.7-percentage-points this quarter, with a full-year impact of around 0.5-percentage-points. - Sandra Gadd, CFO Q: How has the FX rate movement affected your guidance? A: It's too early to say definitively, but our current guidance covers the changes. We'll be more specific in Q3 if needed. - Sandra Gadd, CFO Q: What is the quality of your current inventory, and do you anticipate further clearances in Q3? A: Our inventory is in line with last year, and we have managed to clear excess stock. We are focusing on having the right inventory for especially correcting for the women's category for fall. - Hermann Haraldsson, CEO Q: Will the marketing spend in H2 be neutralized by increased fashion-related marketing? A: The marketing cost ratio was too high in Q2. We aim for a long-term ratio of 10% or below, and we are revisiting our strategy to increase category awareness effectively. - Hermann Haraldsson, CEO Q: What drove the recovery in June, and was it widespread across regions? A: The recovery was driven by improved weather and consumer confidence. Denmark remains more depressed, while Sweden is performing well. - Hermann Haraldsson, CEO Q: Have you seen any changes in competition from ultra-fast fashion players? A: Competition remains intense, but some ultra-fast fashion players are losing ground. The decline in women's dresses may be due to cheaper, trend-driven purchases. - Hermann Haraldsson, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Upturn
2 days ago
- Business Upturn
Aino Health AB (publ): interim report january-june 2025
This document in English is a translation of the original in Swedish. In case of any discrepancy, the Swedish original will prevail. Increased turnover. Positive EBITDA. January – June 2025 Turnover totalled 14 848 (12 230) TSEK Profit after financial items -1 141 (-4 960) TSEK Earnings per share -0,0 (-0,1) SEK April – June 2025 Turnover totalled 7 471 (6 236) TSEK Profit after financial items -587 (-2 017) TSEK Earnings per share -0,0 (-0,0) SEK The second quarter of 2025 marks another positive step forward for Aino Health. Our growth trajectory continues, with revenue increasing by 20% compared to Q2 2024. We also achieved a positive EBITDA reflecting the underlying strength of our business model and improved operational efficiency. During the first quarter, we also implemented strategic price adjustments in close dialogue with our customers to ensure long-term profitability and sustainability. As a result some customer relationships were concluded, leading to a reduction in the number of active licenses. The quarter saw further momentum in both new customer signings and platform rollouts, particularly in the manufacturing sectors. Our strategic focus on industries with high complexity and large workforces continues to prove successful, as organizations increasingly prioritize data-driven work ability management. Cash flow remained stable and under control, supported by disciplined cost management and healthy customer payments. The onboarding of large customers is progressing according to plan, and our recurring revenue base continues to strengthen. Looking ahead, we remain committed to driving long-term value for our customers through innovation, customer success, and measurable health outcomes. With a solid pipeline and expanding market demand, we are confident that 2025 will be a year of continued profitable growth for Aino Health. The information contained herein is such as shall be made public by Aino Health AB (publ), in accordance with the EU Market Abuse Regulation. This information was made public, through the agency of Jyrki Eklund, CEO and President of Aino Health AB, at 08.30 AM CET on august 15, 2025. For more informationJyrki EklundCEO Aino HealthPhone: +358 40 042 4221 [email protected]
