EPlus (PLUS) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.11%. A quarter ago, it was expected that this computer products reseller would post earnings of $1.39 per share when it actually produced earnings of $1.36, delivering a surprise of -2.16%.Over the last four quarters, th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____ to ____. Commission file number: 1-34167 ePlus inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...

EXHIBIT 99.1 ePlus Reports Third Quarter and First Nine Months Results Management Comment "Our third quarter results reflect the benefit of our investment in services and the continuing industry shift toward ratable, subscription and 'as a service' revenue recognition," said Mark Marron, president and CEO of ePlus. "Our services business, driven by organic and inorganic growth, increased 52% in the third quarter, across both managed and professional services. We are also benefitting from acquisitions comple ...

Core Insights - ePlus inc. reported a consolidated net sales increase of 0.4% to $511.0 million for the third quarter of fiscal year 2025, compared to $509.1 million in the same period last year [6] - The company's gross profit rose by 5.3% to $140.9 million, with a gross margin expansion of 130 basis points to 27.6% [5][11] - The services segment experienced significant growth, with service revenues increasing by 52.2% to $113.6 million, driven by both organic and inorganic growth [7][4] Financial Performance - For the third quarter ended December 31, 2024, consolidated net sales were $511.0 million, up from $509.1 million, while technology business net sales slightly declined to $493.1 million from $494.2 million [6] - Product sales decreased by 9.5% to $379.5 million, while service revenues increased by 52.2% to $113.6 million [7] - Consolidated gross profit increased to $140.9 million, up from $133.8 million, and the gross margin improved to 27.6% from 26.3% [11] Segment Performance - The technology business gross billings increased by 6.6% to $849.5 million, indicating solid customer demand for ePlus's solutions [5] - Professional service revenues surged by 73.6% to $69.5 million, primarily due to the acquisition of Bailiwick Services, LLC [8] - Managed service revenues rose by 27.5% to $44.2 million, reflecting ongoing growth in offerings such as Enhanced Maintenance Support and Cloud services [9] Operating Expenses and Earnings - Operating expenses increased by 17.3% to $112.4 million, primarily due to higher salaries and benefits from an increased headcount [12] - Net earnings decreased by 11.5% to $24.1 million, and adjusted EBITDA fell by 15.2% to $39.1 million [13][14] - The diluted earnings per share decreased to $0.91 from $1.02 in the prior year quarter [14] Balance Sheet Highlights - As of December 31, 2024, cash and cash equivalents slightly increased to $253.1 million, while total stockholders' equity rose to $962.3 million [23] - Inventory decreased by 29.1% to $99.0 million compared to March 31, 2024 [23] Future Outlook - ePlus anticipates fiscal year 2025 net sales to be in the range of $2.07 billion to $2.11 billion, with adjusted EBITDA expected between $165.0 million and $171.0 million [24] - The company is focused on investing in high-growth areas such as AI, cybersecurity, and cloud services, supported by a strong cash position and healthy balance sheet [25]

Core Insights - ePlus inc. has expanded its Managed Services portfolio to include proactive monitoring, management, and support for Juniper Mist wireless, wired, and SD-WAN infrastructure devices, enhancing user experiences and simplifying IT operations [1][2] - The new offering utilizes Juniper Marvis AI capabilities for 24x7x365 performance and availability, providing insights that improve network observability and streamline IT operations [1][2] - ePlus has over 25 years of experience in delivering Managed Services, holding multiple compliance attestations, which underscores its commitment to managing IT infrastructure effectively [3] Company Overview - ePlus is a customer-first, services-led industry leader that offers a wide range of transformative technology solutions, including AI, security, cloud services, and managed services [4] - The company has a strong partnership with Juniper, having collaborated for over a decade to create automated and scalable network solutions [2][4] - ePlus employs more than 2,300 individuals and has a global presence with locations in the United States, United Kingdom, Europe, and Asia-Pacific [4]

HERNDON, Va., Jan. 29, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on February 5, 2025, it will release earnings and host a conference call regarding its financial results for the three and nine months ended December 31, 2024.  Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date:Time: Audio Webcast (Live & Replay):     February 5, 20254:30 p.m. EThttps://events.q4inc.com/attendee/4129246 ...

76% of IT leaders believe their organizations have yet to achieve AI maturity, highlighting a significant gap in meeting AI goals HERNDON, Va., Jan. 29, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ: PLUS – news) today revealed the launch of its inaugural AI Readiness survey, which reveals critical insights into the current state of AI adoption and the universal challenges faced by organizations across sectors. The survey, which polled 200 IT professionals during The 2024 AI Summit New York, highlights the ongoin ...

HERNDON, Va., Jan. 7, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ: PLUS) (news) today announced that Melissa Ballenger, Adjunct Professor at the Raymond A. Mason School of Business at William & Mary, has been appointed as a member of its Board of Directors. Ms. Ballenger has also been appointed as a member of the Audit Committee of the ePlus Board of Directors. From 2020 to 2023, Ms. Ballenger served as the Chief Financial Officer of Mosaic, a financial technology platform for sustainable home improvements. Fro ...

As-a-Service Artificial Intelligence solution helps support GenAI use cases by building a business proof of concept for transformation and speeding AI adoption HERNDON, Va., Dec. 17, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced its Secure GenAI Accelerator offering. Part of the ePlus AI Ignite portfolio, this hosted proof of concept (POC) engagement allows organizations to test a private Generative AI (GenAI) chatbot to explore and refine ideas, use metrics to identify key insi ...

EPlus (PLUS) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.16%. A quarter ago, it was expected that this computer products reseller would post earnings of $1.17 per share when it actually produced earnings of $1.13, delivering a surprise of -3.42%.Over the last four quarters, the ...