EPlus (PLUS) came out with quarterly earnings of $1.13 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -3.42%. 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 $0.93, delivering a surprise of -20.51%. Over the last four quarters, t ...

First Quarter Fiscal Year 2025 Net sales decreased 5.2% to $544.5 million from last year's first quarter; technology business net sales decreased 5.3% to $535.5 million; services revenues increased 15.8% to $78.2 million. Technology business gross billings decreased 1.0% to $833.7 million. Consolidated gross profit decreased 5.5% to $134.5 million. Consolidated gross margin was 24.7% as compared to last year's 24.8%. Net earnings decreased 19.2% to $27.3 million. Adjusted EBITDA decreased 19.9% to $43.1 mil ...

EPlus (PLUS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move low ...

For more information about ePlus Storage-as-a-Service powered by NetApp, visit www.eplus.com/STaaS. HERNDON, Va., July 12, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the expansion of its Storage-as-a-Service (STaaS) portfolio by launching ePlus STaaS with NetApp Keystone. As an enhancement to NetApp Keystone Partner program, the ePlus offering combines flexible subscription models for storage consumption via NetApp Keystone with ePlus technical support and customer success res ...

HERNDON, Va., June 27, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has been recognized as a Juniper Partner of the Year for 2023 by Juniper Networks, a leader in secure, AI-Native Networks. ePlus was recognized as 2023 Partner of the Year for Cloud Ready Data Center in both Worldwide and Americas categories for its ability to develop modernized data centers and automated cloud-based network solutions integrating Juniper Networks AI-Native technologies. Working together, ...

ePlus Disaster Recovery-as-a-Service (DRaaS) offering, powered by Azure Site Recovery, protects workloads living on-premises, in Azure, or in other clouds HERNDON, Va., June 26, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the launch of Azure Recover, a fully-managed DRaaS solution. Powered by Azure Site Recovery, ePlus Azure Recover helps organizations safeguard their critical services with geographic resilience to provide confident recovery in the event of disaster. The new of ...

HERNDON, Va., June 11, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it was awarded the Lenovo U.S. Infrastructure Solutions Group (ISG) Partner of the Year Award during Accelerate Express '24, Lenovo's annual Solution Provider Partner event. "We're excited to be able to recognize ePlus with this prestigious award, as they have been a tremendous partner to Lenovo this year," said Stacey Goodman, senior director US solution provider sales. "ePlus acts as a trusted advisor to ...

CRN's 2024 Solution Provider 500 list will be available online at www.CRN.com/SP500, and a sampling of the list will be featured in the June issue of CRN Magazine. About ePlus inc. ePlus has an unwavering and relentless focus on leveraging technology to create inspired and transformative business outcomes for its customers. Offering a robust portfolio of solutions, as well as a broad range of consultative and managed services across the technology spectrum, ePlus has proudly achieved more than 30 years of s ...

Financial Data and Key Metrics Changes - Consolidated net sales increased by 12.7% year-over-year to $554.5 million, driven by a 12.6% increase in the Technology business [31] - Consolidated gross profit was $130.3 million with a gross margin of 23.5%, down from $132.3 million and 26.9% in the previous year [32] - Consolidated operating income declined from $42.4 million to $29 million, primarily due to lower gross profit from product sales and higher operating expenses [33] - Consolidated adjusted EBITDA decreased to $36.8 million compared to $48.7 million in the prior year [34] - Cash and cash equivalents totaled $253 million at the end of fiscal 2024, a significant increase from $103.1 million at the end of the prior year [36] Business Line Data and Key Metrics Changes - Product revenue grew 12.2% to $465.2 million, with strong demand for networking equipment and Cloud products [13] - Service revenue increased 14.8% to $78.9 million, led by managed services which grew 22% [7] - Financing segment revenue increased 15.5% to $10.4 million, driven by transactional gains and portfolio earnings [54] Market Data and Key Metrics Changes - The Technology business reported net sales of $544.1 million for the quarter, with significant contributions from telecom, media, entertainment, and technology sectors [54] - The effective tax rate for fiscal 2024 was 28.1%, compared to 26.8% for fiscal 2023 [58] Company Strategy and Development Direction - The company is focused on high-growth areas such as AI, Cloud, Networking, and Security, with plans for strategic acquisitions and investments in customer-facing personnel [5][20] - The land and expand strategy is being employed to capture market share and grow the customer base, despite lower margins in the short term [25][73] - The company aims to enhance and broaden its product and service offerings to align with market transitions and customer needs [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging economic environment but expressed confidence in returning gross margins to normalized levels in fiscal year 2025 [28] - The company expects net sales growth of 3% to 6% for fiscal year 2025, with adjusted EBITDA projected between $200 million and $215 million [60] - There is strong interest in the AI Ignite program, which is still in the early stages of customer engagement [10][79] Other Important Information - The company added over 300 new customers during the year, nearly double the typical annual addition [83] - A new share buyback plan of up to 1.25 million shares was approved by the board [37] Q&A Session Summary Question: Did the revenue pushouts from fiscal Q3 materialize in Q4? - Management indicated that Q4 was a tale of two quarters, with strong volume but lower margins due to enterprise sales [42] Question: How should seasonality be considered in the revenue outlook for fiscal '25? - Management expects Q2 and Q3 to be stronger quarters, with a back-ended revenue growth pattern [46] Question: What factors give confidence in returning to normalized gross margins? - Management cited that product margins were down due to larger enterprise deals, but service margins improved, indicating potential for normalization [63] Question: How does the company plan to manage operating expenses while growing? - Management mentioned investments in sales and services to build capabilities, which are expected to yield operating leverage over time [50][67] Question: How does the company view the impact of AI on customer decision-making? - Management noted that AI has delayed some customer decisions as they evaluate infrastructure needs [51][79] Question: How does the addition of 300 customers compare to previous years? - Management indicated that this addition is significantly higher than the typical range, which is around 150 [83] Question: Why has the company outperformed the market despite product bottlenecks? - Management attributed this to backlog management and strong relationships with key vendors like Cisco [84]

EPlus (PLUS) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.36 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of -20.51%. A quarter ago, it was expected that this computer products reseller would post earnings of $1.38 per share when it actually produced earnings of $1.18, delivering a surprise of -14.49%. Over the last four quarters ...