Eplus Stock Price, News & Analysis

ePlus inc. (NASDAQ: PLUS) reported strong Q3 FY 2022 results with net sales of $494.8 million, a 15.7% increase year-over-year. Technology segment sales rose 14.8% to $477.0 million, while service revenues surged 20.0% to $62.5 million. Net earnings climbed 22.1% to $26.4 million, and diluted EPS increased 21.0% to $0.98. Adjusted EBITDA also saw a 21.5% increase to $41.8 million. The company has a healthy balance sheet, with cash and equivalents of $105.6 million.

ePlus (NASDAQ: PLUS) announced it will disclose its earnings for the third quarter and nine months ending December 31, 2021, on February 3, 2022. The earnings release will be made after market hours, followed by a conference call and audio webcast at 4:30 p.m. ET. Investors can access the live call at (888) 330-2469 or join via the provided webcast link. A replay will be available until February 10, 2022.

ePlus inc. (NASDAQ NGS: PLUS) announced it received the Cisco® Partner Summit Geographical Region award for Social Impact Partner of the Year during a digital event. This award recognizes a partner demonstrating a commitment to corporate social responsibility, including impactful community engagement. ePlus was highlighted for its collaboration with Rowan University to implement a cloud-based contact center for COVID vaccine distribution and its Girls Re-Imagining Tomorrow (GRIT) program for mentoring middle school girls in technology careers.

ePlus inc. (NASDAQ: PLUS) announced the launch of its READI networking strategy aimed at helping organizations modernize their enterprise network infrastructures. The READI methodology—Resilient, Efficient, Agile, Defensive, Intelligent—focuses on creating robust network architectures to meet modern demands driven by remote work, cloud workloads, and digital applications. ePlus offers a READI Network Assessment using automated tools to evaluate network operational states and support companies in their modernization efforts.

ePlus (NASDAQ NGS: PLUS) announced on Nov. 18, 2021, that it has achieved the Cloud Management and Automation VMware Master Services Competency. This recognition showcases ePlus's commitment to empowering organizations in their digital transformation journeys through advanced VMware technologies.

Justin Mescher, vice president of Cloud and Data Center Solutions at ePlus, emphasized that automation and simplified management are vital for customers transitioning to the cloud. VMware recognized ePlus for its expertise and dedication to delivering customer-centric solutions.

ePlus inc. (NASDAQ: PLUS) reported strong financial results for Q2 FY2022, with net sales rising 5.8% to $458 million and net earnings increasing 58.3% to $31.4 million. Key metrics include a 24.3% rise in gross profit, reaching $123 million, and adjusted EBITDA up 49.6% to $50.2 million. The technology segment's sales grew 4% to $436.3 million, while service revenues surged 23.1% to $60.9 million. A 2-for-1 stock split was also announced, expected to take effect on December 14, 2021, reflecting confidence in future growth.

ePlus inc. (NASDAQ: PLUS) announced a successful collaboration with Houston Habitat for Humanity to build two homes in Houston, Texas. This initiative marks the second partnership with Habitat for Humanity, following a previous project in Loudoun County, Virginia. The build, originally scheduled for Fall 2020, was postponed due to the pandemic and completed on October 21, 2021. Employees participated in activities such as building and raising walls. CEO Mark Marron emphasized ePlus's commitment to community engagement, while Houston Habitat thanked ePlus for its support in addressing homelessness.

ePlus inc. (NASDAQ: PLUS) will announce its earnings for the second quarter and six months ended September 30, 2021, on November 9, 2021, after market close. Management will host a conference call at 4:30 p.m. ET to discuss the results. A replay of the call will be available approximately two hours later until November 16, 2021. ePlus is a technology solutions provider with expertise in various IT areas, serving customers in the U.S., Europe, and Asia-Pac.