Welcome to our dedicated page for Eplus news (Ticker: PLUS), a resource for investors and traders seeking the latest updates and insights on Eplus stock.
ePlus inc. (NASDAQ: PLUS) generates a steady flow of news as a services-led technology company focused on artificial intelligence, security, cloud and data center, networking, and collaboration solutions. Its announcements often highlight financial results, strategic transactions, technology expansions, and recognition from industry partners and organizations.
Investors following PLUS news will find regular earnings releases and related conference call information, where ePlus discusses quarterly and half-year financial performance, guidance updates, and commentary on trends across its product, professional services, and managed services segments. The company also reports on corporate actions such as the declaration of quarterly cash dividends and stock repurchase authorizations.
Company news also covers strategic moves, including the sale of its domestic financing business and acquisitions that enhance its technology capabilities. For example, ePlus disclosed the acquisition of substantially all operating assets of Realwave, Inc., adding cloud-based, AI-powered automated data analysis that can integrate with data sources such as video systems, IoT devices, sensors, and digital locks. Updates on subsidiaries like Bailiwick Services, LLC, including its selection for the National Retail Federation Big Show Innovators Showcase to spotlight digital lock technology, provide additional insight into specialized offerings within the ePlus family.
Other PLUS headlines feature partnership expansions and managed services developments, such as extended managed services and enhanced maintenance support portfolios for Juniper Networks infrastructure, as well as awards and leadership recognition in the technology channel. Governance and investor-relations items, including board appointments and annual meeting voting results, also appear in the news flow.
By reviewing the PLUS news page, readers can track how ePlus communicates its progress in AI, security, cloud, networking, and services, along with financial milestones and corporate developments. This makes the news feed a useful resource for understanding both the operational and strategic direction of ePlus over time.
ePlus inc. (NASDAQ: PLUS) has successfully earned multiple attestations for its Managed Services Center, Service Desk, and Cloud Hosted Services. The company achieved the Type 2 SSAE 18 (SOC 1) examination and the Type 2 SSAE 18 (SOC 2) examination, ensuring effective controls over security, availability, and confidentiality. Additionally, ePlus completed an attestation related to its Information Security Program under HIPAA and HITECH. These attestations cover the period from August 1, 2021, to July 31, 2022, affirming ePlus's commitment to operational excellence and customer service.
ePlus inc. (NASDAQ: PLUS) has received four significant awards at the Cisco Partner Summit, including U.S. Partner of the Year and Global Marketing Partner of the Year. The awards recognize ePlus's innovation and successful sales strategies that drive substantial customer outcomes. Cisco's executives praised ePlus for its customer focus and commitment to excellence in the evolving digital landscape. The recognition includes the Americas Marketing Partner of the Year and Enterprise Networking Partner of the Year for the U.S. East Region, highlighting ePlus's impactful contributions.
ePlus inc. (NASDAQ: PLUS) reported a strong second quarter for fiscal year 2023, with net sales rising 7.8% to $493.7 million and technology segment sales increasing 8.1%. Service revenues grew 7.1% to $65.2 million. Adjusted gross billings surged 15.3% to $765.8 million, while consolidated gross profit grew 8.4% to $133.3 million, with a gross margin of 27.0%. Despite this growth, net earnings decreased 9.4% to $28.5 million, and diluted earnings per share fell 8.5% to $1.07.
ePlus inc. (NASDAQ: PLUS) has become the first North American partner qualified in Cisco's Partner Lifecycle Services Support (PLS-S) program. The newly launched ePlus Lifecycle Services Support (eLSS) aims to streamline technical support for Cisco and adjacent technologies by providing centralized first-call support. Customers can expect faster resolution times and predictable costs. ePlus has developed this co-delivered model to address shifts in technology consumption and support, enhancing its existing services portfolio, which includes managed services and device-level support.
ePlus inc. (NASDAQ: PLUS) announced an increase in its credit facility from $375 million to $425 million, enhancing its working capital financing capacity. The credit agreement now allows a senior secured revolving credit facility of $150 million, up from $100 million. Additionally, all loans have transitioned from a LIBOR rate to a Term SOFR rate. CFO Elaine Marion expressed confidence that these financial adjustments will support customers' digital transformation initiatives across various technology solutions.
On October 28, 2022, ePlus inc. (NASDAQ: PLUS) announced that its CFO, Elaine Marion, received the 2022 Distinguished Alumni Award from the George Mason University School of Business. This award recognizes professional achievement across sectors. Dean Ajay Vinzé praised Marion's commitment to the community and technology sector. Marion expressed gratitude for her education and commitment to the university's future. ePlus continues to focus on leveraging technology for transformative business outcomes.
ePlus inc. (NASDAQ: PLUS) announced it will release earnings on November 3, 2022, after market close. The earnings will cover the financial results for the three and six months ended September 30, 2022. Following the release, a conference call and audio webcast will take place at 4:30 p.m. ET. Investors can access the call via a toll-free number or through a provided audio webcast link. A replay will be available for approximately two weeks after the call.
On October 25, 2022, ePlus inc. (NASDAQ: PLUS) announced its collaboration with Habitat for Humanity of Greater Sacramento, marking its renewed involvement in affordable housing projects since their initial partnership in 2018. A team of volunteers from ePlus contributed to the first of two home builds, benefiting over 60 low-income individuals. The next engagement is scheduled for 2023. ePlus continues to support community initiatives aimed at providing housing solutions, reflecting its commitment to social responsibility.
ePlus inc. has appointed Renée Bergeron, Chief Operating Officer of AppDirect, to its Board of Directors, filling a newly-created independent director seat. This addition is expected to enhance ePlus's strategic focus in areas like security and cloud services. CEO Mark Marron highlighted Bergeron’s extensive experience, believing her insights will strengthen the company’s position as a customer-centric partner. With over 30 years in technology solutions, ePlus aims to continue leading in providing transformative business outcomes.
ePlus inc. (NASDAQ: PLUS) has been certified as a Palo Alto Networks Authorized Support Center (ASC), expanding its Enhanced Maintenance Support (EMS) to include first call technical support. This partnership enhances customer experience by providing US-based certified engineers and a faster resolution time for technical issues. With additional support from Tier 3 Palo Alto engineers, ePlus aims to improve operational efficiency for its customers while addressing modern cybersecurity challenges. The collaboration also offers a comprehensive security management approach.