ePlus

ePlus, Inc. provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments: Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally-provided and outsourced services, and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services. The Financing segment specializes in arrangements, such as direct financing, sales-type, and operating leases, loans and consumption-based financing arrangements, and underwriting and management of IT equipment and assets. Its financing operations consist of sales, pricing, credit, contracts, accounting, risk management, and asset management. This segment primarily finances IT equipment, communication-related equipment, and medical equipment, and industrial machinery and equipment, office furniture and general office equipment, transportation equipment, and other general business equipment directly, as well as through vendors. ePlus serves commercial entities, state and local governments, government contractors, and educational institutions The company was founded by Bruce M. Bowen in 1990 and is headquartered in Herndon, VA.

Earnings data Q4 2024

ePlus reports strong Q1 2023 earnings, eyes telecom market and AI for growth

ePlus delivered strong financial results, driven by growth in net sales, gross billings, and gross profit. The company's expansion into the telecom market and the introduction of cost-effective solutions position it well for future growth. However, challenges related to supply chain impact and demand trends were highlighted, while opportunities for growth through expansion and AI capabilities were emphasized.

ePlus reports strong Q1 performance driven by acquisitions and market demand

ePlus delivered a robust performance in Q1 2024, driven by strong sales growth and successful acquisitions. While facing challenges related to acquisitions and pricing pressures, the company is well-positioned to capitalize on opportunities presented by market outlook and customer demand trends.

PLUS reports 6% net sales growth in Q3 fiscal 2024

PLUS reported solid financial performance with notable growth in net sales and service revenue. While supply chain challenges and deal closures were discussed, the company remains confident in its growth strategy and expects improved Q4 results.

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ePlus, Inc. engages in the provision of information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States. It operates through the Technology and Financing segments. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services, and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services. The Financing segment specializes in arrangements, such as direct financing, sales-type, and operating leases, loans and consumption-based financing arrangements, and underwriting and management of IT equipment and assets. Its financing operations consist of sales, pricing, credit, contracts, accounting, risk management, and asset management. This segment primarily finances IT equipment, communication-related equipment, and medical equipment, and industrial machinery and equipment, office furniture and general office equipment, transportation equipment, and other general business equipment directly, as well as through vendors. The company was founded by Bruce M. Bowen in 1990 and is headquartered in Herndon, VA.

HERNDON, Va., March 18, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has earned places on both the CRN MSP 500 List, in the Elite 150 category, and the CRN Tech Elite 250 List.

ePlus Places on CRN 2024 MSP 500 Elite 150 and Tech Elite 250 Lists

Sales fell 18.4% as customers pulled back their spending. Management kept fiscal 2024 guidance intact, but there are questions about how strong fiscal 2025 will be.

Why ePlus Stock Plunged 28% on Wednesday

ePlus inc. (PLUS) Q3 2024 Earnings Call Transcript

EPlus (PLUS) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.38 per share a year ago.

EPlus (PLUS) Q3 Earnings and Revenues Miss Estimates

HERNDON, Va. , Feb. 6, 2024 /PRNewswire/ -- Third Quarter Fiscal Year 2024 Net sales decreased 18.4% to $509.1 million from last year's third quarter; technology business net sales decreased 19.2% to $494.2 million; services revenues increased 10.7% to $74.7 million.

ePlus Reports Third Quarter and First Nine Months Financial Results

Provides support throughout the AI journey to assess and build infrastructures that provide scalable processing performance, data management, and security HERNDON, Va. , Feb. 1, 2024 /PRNewswire/ -- ePlus inc.

ePlus Announces AI Ignite: Artificial Intelligence Assessment, Enablement and Implementation Offerings

HERNDON, Va., Jan. 30, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on February 6, 2024, it will release earnings and host a conference call regarding its financial results for the three and nine months ended December 31, 2023. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET.

ePlus Announces Third Quarter and Nine Month Fiscal Year 2024 Earnings Release Date and Conference Call

HERNDON, Va., Jan. 29, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has acquired certain assets of PEAK Resources, Inc. (PEAK). Based in Denver, CO, one of the fastest growing metro areas in the U.S., PEAK has built a reputation as one of the top IT Solution Providers in the region. PEAK's customer-centric approach focuses on delivering professional services, data center, networking and cyber security products and solutions. The acquisition will help drive additional growth with enhanced engineering, sales, and services delivery capabilities in the mountain west region.

ePlus Acquires PEAK Resources, Inc.

HERNDON, Va., Jan. 17, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced its membership in the U.S. Chamber of Commerce as well as its participation in the Chamber's AI, Cybersecurity and SEC/corporate governance priorities.

ePlus Joins U.S. Chamber of Commerce

HERNDON, Va., Jan. 16, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the launch of its 2024 GRIT: Girls Re-Imagining Tomorrow® (GRIT) program across the U.S. GRIT is focused on providing middle and high school girls with consistent education, exposure and opportunities across the technology industry, has expanded this year to include 10 schools across California, Minnesota, New Jersey, North Carolina, Texas, and Virginia.

ePlus Welcomes New Class of GRIT -- Girls Re-Imagining Tomorrow -- Participants

HERNDON, Va. , Nov. 10, 2023 /PRNewswire/ -- ePlus inc.

Cisco Awards ePlus the Global Customer Experience (CX) Partner of the Year at Cisco Partner Summit

ePlus, Inc. (NASDAQ:PLUS ) Q2 2024 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Kley Parkhurst - Senior Vice President Mark Marron - President and CEO Darren Raiguel - President and COO of ePlus Technology, Inc. Elaine Marion - CFO Erica Stoecker - General Counsel Conference Call Participants Maggie Nolan - William Blair Gregory Burns - Sidoti & Company Matthew Sheerin - Stifel Operator Good day, ladies and gentlemen. Welcome to the ePlus Earnings Results Conference Call.

ePlus' (PLUS) Q2 2024 Earnings Call Transcript

Second Quarter Net Sales Growth of 19%  Builds on Strong First Quarter Performance- HERNDON, Va. , Nov. 7, 2023 /PRNewswire/ -- Second Quarter Fiscal Year 2024 Net sales increased 19.0% to $587.6 million from last year's quarter; technology business net sales increased 21.3% to $571.9 million; professional services and managed services revenues increased 9.0% to $71.0 million.

ePlus Reports Second Quarter and First Half Financial Results

HERNDON, Va., Oct. 31, 2023 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on November 7, 2023, it will release earnings and host a conference call regarding its financial results for the three and six months ended September 30, 2023. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET.

ePlus Announces Second Quarter and Six Month Fiscal Year 2024 Earnings Release Date and Conference Call

ePlus recognized as a Reimagine Work Partner of the Year HERNDON, Va. , Oct. 30, 2023 /PRNewswire/ -- ePlus inc.

ePlus Wins 2023 Webex Partner Award

Premier-level membership aims to help advance access to reliable broadband and digital equity HERNDON, Va. , Oct. 25, 2023 /PRNewswire/ -- ePlus inc.

ePlus Technology, inc. Joins Fiber Broadband Association

HERNDON, Va. , Oct. 4, 2023 /PRNewswire/ -- ePlus inc.

ePlus Launches its Proprietary Compromise Nothing Security Program to Facilitate Customers' Business Resilience

HERNDON, Va., Sept. 26, 2023 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that a team of ePlus employee volunteers joined forces with Habitat for Humanity of Durham to assist in the building of affordable houses in the area.

ePlus Team Joins Habitat for Humanity of Durham for Community Build

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HERNDON, Va., Sept. 15, 2023 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it will present and host one-on-one meetings with investors at the Sidoti September Virtual Investor Conference, taking place on September 20-21, 2023.

ePlus to Present at Sidoti Virtual Investor Conference September 20-21, 2023

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News for ePlus Stock (PLUS)