ePlus (NasdaqGS:PLUS) Q3 2026 Earnings call February 04, 2026 04:30 PM ET Company ParticipantsElaine Marion - CFOKley Parkhurst - Senior VPMark Marron - CEO and PresidentConference Call ParticipantsGreg Burns - AnalystMaggie Nolan - Research AnalystOperatorEarnings results conference call. As a reminder, this conference call is being recorded. All lines have been placed on mute to prevent any background noise, and after the speaker's remarks, there will be a question and answer session. If you would like to ...

Financial Data and Key Metrics Changes - Net sales grew 24.6% to $615 million, with product sales increasing 32.2% year-over-year, driven by strong performance in data center, cloud, networking, and security [5][12] - Net earnings from continuing operations increased 129.3% to $33.4 million, with adjusted EBITDA rising 97% to $53.4 million, reflecting a margin of 8.7%, which is 320 basis points higher than the previous year [9][17] - Year-to-date consolidated net sales increased 22.2% to $1.86 billion, with net earnings from continuing operations totaling $98.7 million, a 68.5% increase from the prior year [18] Business Line Data and Key Metrics Changes - Product revenue grew 32.2% year-over-year to $501.9 million, while service revenue totaled $112.8 million, slightly down from $113.6 million in the prior year [12] - Managed services revenue grew 10.5%, while professional services revenue declined 7.8% due to project delays in the retail sector [12][29] - Security gross billings for products and services grew 16.4% year-over-year, with a 27.6% increase over the trailing 12 months, as customers prioritize cybersecurity investments [8] Market Data and Key Metrics Changes - The company saw growth across all customer size segments, with particularly strong performance in the mid-market and enterprise space [4] - Telecom, media, and entertainment accounted for 27% of net sales, while technology, SLED, and healthcare each accounted for 13%, and financial services at 9% [13] Company Strategy and Development Direction - The company is focused on expanding its solutions portfolio, growing professional and managed services capabilities, and extending geographic reach [10] - The strategy emphasizes AI, cloud, security, and networking, which are seen as key growth areas [4][10] - The company is evaluating acquisitions and investments to enhance its position in higher growth areas and support long-term vision [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth, supported by industry demand trends and financial flexibility [11] - The company raised its full-year guidance for net sales to 20%-22% year-over-year growth, up from mid-teens, and adjusted EBITDA growth to 41%-43% [22][23] - Potential near-term risks include an industry-wide memory shortage, which could impact customer deployments [23] Other Important Information - The company repurchased over 200,000 shares during the quarter and announced a quarterly dividend of $0.25 per common share [5][20] - Cash and cash equivalents at quarter end totaled $326.3 million, down from $389.4 million, primarily due to working capital needs [19] Q&A Session Summary Question: Nature of outsized projects from enterprise customers - Management noted that mid-market customers had the biggest growth, with some large enterprise customers contributing significantly to Q3 performance, but they do not expect to replicate this in Q4 [26][27] Question: Professional services project delays - Management expects project delays from retail customers to materialize in fiscal 2027, attributing the decline in professional services to a few customers and tough comparisons from the previous year [28][29] Question: Inventory build and project timing - Inventory increased due to demand, and management expects levels to remain inflated in the next several quarters [34] Question: Impact of AI on business - AI is now seen as a tailwind, driving growth in data center, cloud, and networking areas, with customers defining use cases and modernizing legacy systems [36][38] Question: Importance of integrated solutions - Integrated solutions across AI, cloud, and networking are becoming a differentiator for the company, as customers prefer to work with fewer strategic vendors [39]

Financial Data and Key Metrics Changes - Net sales grew 24.6% to $615 million, with product sales increasing 32.2% year-over-year, driven by strong performance in data center, cloud, networking, and security [5][12] - Net earnings from continuing operations increased 129.3% to $33.4 million, with adjusted EBITDA rising 97% to $53.4 million, reflecting a margin of 8.7%, which is 320 basis points higher than the same period last year [9][17] - Year-to-date consolidated net sales increased 22.2% to $1.86 billion, with gross profit rising 23.7% to $469 million [18] Business Line Data and Key Metrics Changes - Product revenue grew 32.2% year-over-year to $501.9 million, while service revenue totaled $112.8 million, slightly down from $113.6 million in the prior year [12][16] - Managed services revenue grew 10.5%, while professional services revenue declined 7.8% due to project delays in the retail sector [12][28] - Security gross billings for products and services grew 16.4% year-over-year, with a 27.6% increase for the trailing twelve months [7] Market Data and Key Metrics Changes - Growth was observed across all customer size segments, particularly in the mid-market and enterprise space [4][5] - Telecom, media, and entertainment accounted for 27% of net sales, while technology, SLED, and healthcare each accounted for 13% [13] Company Strategy and Development Direction - The company is focused on expanding its solutions portfolio, enhancing professional and managed services capabilities, and extending geographic reach [10] - There is an emphasis on AI, cloud, security, and networking as key growth areas, with plans to enhance AI envisioning sessions and acceleration offerings [10][21] - The company is evaluating acquisitions and investments to enhance its position in higher growth areas [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth, supported by industry demand trends and financial flexibility [11][21] - The company raised its full-year guidance for net sales to 20%-22% year-over-year growth, up from mid-teens [21] - Potential near-term risks include an industry-wide memory shortage impacting customer deployments [22][23] Other Important Information - The company approved a quarterly dividend of $0.25 per common share and repurchased over 200,000 shares during the quarter [5][20] - Cash and cash equivalents at quarter end totaled $326.3 million, down from $389.4 million at the end of the last fiscal year [19] Q&A Session Summary Question: Nature of outsized projects from enterprise customers - Management noted that mid-market customers had the biggest growth, with some large enterprise customers contributing significantly in Q3, but they do not expect to replicate that in Q4 [26][27] Question: Professional services project delays - Management expects project delays from retail customers to materialize in fiscal 2027, attributing the decline in professional services to a few customers and tough comparisons from the previous year [28] Question: Inventory build and project timing - Management indicated that inventory increased due to demand, and they expect inventory levels to remain inflated in the next several quarters [33] Question: Impact of AI on business - AI is now seen as a tailwind, driving growth in data center, cloud, and networking areas, with customers defining use cases to modernize legacy systems [35][36] Question: Importance of integrated solutions - Management highlighted that offering integrated solutions across AI, cloud, and networking is a key differentiator, as customers prefer to work with fewer strategic vendors [37][38]

As filed with the U.S. Securities and Exchange Commission on February 4, 2026 Registration No. 333-292851 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________________ Cloud Data Holdings Corporation (Exact name of registrant as specified in its charter) ___________________________ (Address, including zip code, and telephone number, including area code, of registrant's principal executiv ...

Core Viewpoint - IREN Ltd has transitioned from a Bitcoin mining company to focusing on AI infrastructure, with a significant partnership with Microsoft valued at $9.7 billion, and the upcoming Q2 earnings will determine the success of this strategic shift [1][2][6] Group 1: Company Transformation - IREN, formerly known as Iris Energy, is pivoting towards AI infrastructure by converting its Bitcoin mining sites into data centers for AI workloads [2] - The partnership with Microsoft aims to host next-generation computing, marking a dramatic transformation from its previous business model [2] Group 2: Financial Concerns - IREN's stock has experienced a significant decline, down nearly 19% intraday and 28% over the past five days, primarily due to concerns over dilution risk rather than revenue [3][4] - The company requires approximately 140,000 GPUs by year-end, raising fears that equity issuance may be necessary to fund this expansion [4] Group 3: Earnings Significance - The upcoming Q2 earnings report is critical as it will serve as a credibility test for IREN's cloud ambitions, moving away from its Bitcoin mining roots [5][6] - Investors are looking for clear milestones and financing clarity in the earnings report to assess whether the Microsoft partnership is a strategic platform or a risky gamble [5]

IREN Ltd (NASDAQ:IREN) used to dig for Bitcoin (CRYPTO: BTC) . Now it wants to mine the cloud. In less than two years, the company has leapt from crypto pioneer to "Neocloud" upstart — and Thursday’s second quarter earnings will decide whether that reinvention looks visionary or overreach.Track IREN stock here.$9.7B Microsoft PartnershipOnce known as Iris Energy, IREN has pivoted hard into AI infrastructure, locking in a $9.7 billion partnership with Microsoft Corp (NASDAQ:MSFT) to host next-generation comp ...

Every earnings season, investors look for proof that legacy tech giants like Microsoft (MSFT) are still a worthy investment for the long term. With its second quarter of fiscal 2026, Microsoft showed that it is still one of the strongest businesses in technology. The company is no longer just a legacy tech giant but a rapidly expanding AI and cloud powerhouse with multiple growth engines firing at once. Valued at $3.05 trillion, Microsoft has dipped 14% so far this year. This could be a good opportunity to ...

Core Insights - Amazon is expanding its business model beyond e-commerce by planning to launch a large supermarket in Orland Park, Chicago, which will be 225,000 square feet, larger than typical Costco or Walmart locations [2][3] - The new store aims to offer groceries and household goods, potentially increasing Amazon's market share against key competitors [3] - Despite the challenges of brick-and-mortar retail, Amazon's financial strength allows it to pursue this strategy cautiously, indicating a strong commitment to growth opportunities [4][5] Growth Opportunities - Amazon's move into physical retail reflects its ongoing pursuit of growth, leveraging its existing online business and cloud infrastructure [5] - The company is exploring various growth avenues, including artificial intelligence and cloud computing, alongside its online marketplace and new retail operations [6] - Currently trading at around 34 times earnings, Amazon's stock is considered a more attractive buy compared to its historical valuations [6]

Core Insights - IBM reported strong fourth-quarter 2025 results, with adjusted earnings and revenues exceeding Zacks Consensus Estimates, driven by robust software growth from hybrid cloud and watsonx AI platform, continued momentum in Red Hat, healthy consulting demand, and improved cost efficiency [1][8] Financial Performance - IBM's earnings estimates for 2026 have increased by 1.3% to $12.35, while estimates for 2027 have risen by 1.4% to $13.29, indicating positive sentiment regarding the stock's growth potential [9] - The company has seen an 11.9% stock price increase over the past year, outperforming industry growth of 118.1% and competitors like Amazon and Microsoft [6] Business Strategy - IBM is focusing on hybrid cloud and AI as key growth drivers, with expectations of benefiting from analytics, cloud computing, and security in the long run [3] - The acquisition of HashiCorp has enhanced IBM's capabilities in managing complex cloud environments, complementing its Red Hat portfolio [4] Technology and Innovation - The watsonx platform is central to IBM's AI capabilities, offering foundational models to enhance enterprise productivity through its three products: watsonx.ai, watsonx.data, and watsonx.governance [5] Market Challenges - Despite strong performance in hybrid cloud and AI, IBM faces stiff competition from Amazon Web Services and Microsoft Azure, leading to pricing pressure and margin erosion [10] - The company is undergoing significant job cuts, particularly in India, to reduce operating costs and focus on high-margin AI and software sectors [11]

Core Insights - Amazon.com, Inc. has announced a strategic collaboration with AT&T Inc. and Amazon Web Services (AWS) to modernize the connectivity infrastructure in the United States [1] - The partnership aims to create a more resilient connectivity solution by integrating AT&T's fiber network with AWS's cloud and AI capabilities [2] Group 1: Collaboration Details - The collaboration focuses on enhancing AT&T's infrastructure management and accelerating the modernization of its business support systems [2] - Amazon's low Earth orbit satellite network, Amazon Leo, will extend AT&T's reach by providing fixed broadband services in underserved areas [4] - The partnership will be showcased at the Mobile World Congress 2026, highlighting the use of AWS Outposts and AI solutions to streamline AT&T's operations [4] Group 2: Technical Aspects - AT&T will migrate workloads from on-premises technologies to AWS's hybrid cloud offering, AWS Outposts [5] - High-capacity fiber will connect AWS data center locations to enhance cloud services [5] - The collaboration will leverage AT&T's fiber networking expertise to benefit AWS [3]