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ePlus Named to CRN's MSP 500 Elite 150 List for 2025
Prnewswire· 2025-02-10 21:30
Core Insights - ePlus inc. has been recognized on the Managed Service Provider (MSP) 500 list in the Elite 150 category for 2025, marking its 10th appearance on this list [1] - The MSP 500 list highlights MSPs that drive growth and innovation, enabling businesses to achieve their goals without overextending financial resources [2] Company Overview - ePlus offers a wide range of managed services, including Storage as a Service, Cloud Managed Services, Managed Security Services, Managed Network Services, and more, aimed at optimizing IT infrastructure and minimizing operational risks [3] - The company has over 25 years of experience in delivering managed services across various industries, addressing challenges such as staffing shortages and the need for a return on technology investments [4] Industry Context - The 2025 MSP 500 list serves as a guide to leading MSPs in North America, categorized into three sections: Pioneer 250, Elite 150, and Managed Security 100, each focusing on different market segments [5] - The recognition of ePlus reflects its ability to anticipate client technology needs and develop innovative services that enhance business efficiency and optimize IT budgets [5]
ePlus Launches GRIT: Girls Re-Imagining Tomorrow® 2025 Program
Prnewswire· 2025-02-06 13:30
Core Insights - ePlus inc. has launched the 2025 GRIT: Girls Re-Imagining Tomorrow® program aimed at increasing girls' interest in technology careers, particularly in cybersecurity and AI [1][3] - The program has engaged over 100 girls from seven schools across five states, contributing to nearly 500 graduates since its inception in 2017 [2][3] Company Overview - ePlus is a leader in providing transformative technology solutions and services, focusing on customer outcomes and offering a wide range of solutions including AI, security, and cloud services [5] - The company has over 2,200 employees and operates in multiple regions including the United States, United Kingdom, Europe, and Asia-Pacific [5] Industry Context - The GRIT program was established in response to a global shortage of cybersecurity professionals, particularly among women, highlighting the need for initiatives that promote STEM careers to young women [3][4] - According to a World Bank report, women constitute less than one-third of the global technology workforce and only 35% of STEM employees in the U.S., indicating a significant gender gap in the industry [4]
ePlus(PLUS) - 2025 Q3 - Earnings Call Transcript
2025-02-06 02:01
ePlus inc. (NASDAQ:PLUS) Q3 2025 Earnings Conference Call February 5, 2025 4:30 PM ET Company Participants Kleyton Parkhurst - Senior VP of Corporate Development & Assistant Secretary Mark Marron - Director, President and CEO Darren Raiguel - COO and President of ePlus Technology Elaine Marion - Chief Financial Officer Erica Stoecker - General Counsel and Chief Compliance Officer Conference Call Participants Margaret Nolan - William Blair Greg Burns - Sidoti & Co. Operator Good day, ladies and gentlemen. We ...
EPlus (PLUS) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2025-02-05 23:46
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 ...
ePlus(PLUS) - 2025 Q3 - Quarterly Report
2025-02-05 22:39
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 ...
ePlus(PLUS) - 2025 Q3 - Quarterly Results
2025-02-05 21:10
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 ...
ePlus Reports Third Quarter and First Nine Months Results
Prnewswire· 2025-02-05 21:05
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]
ePlus Expands Managed Services with Support for Juniper Mist
Prnewswire· 2025-02-04 13:30
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]
ePlus Announces Third Quarter Fiscal Year 2025 Earnings Release Date and Conference Call
Prnewswire· 2025-01-29 21:30
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 ...
ePlus Survey Reveals Disparity Between AI Aspirations and AI Readiness
Prnewswire· 2025-01-29 13:30
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 ...