Eplus Stock Price, News & Analysis

ePlus (NASDAQ: PLUS) has launched a suite of Cyber Services to assist organizations with compliance to stringent cyber liability insurance standards. Announced during National Cyber Security Awareness Month, these services aim to fill security gaps that could affect insurability or premium costs. Key offerings include Cyber Insurance Consulting, Ransomware Preparedness Assessment, Incident Response Services, Cloud Managed Backup, and Managed Security Services. As ransomware claims account for 75% of cyber insurance filings, ePlus' services help clients better prepare and qualify for coverage while managing rising premiums, which have surged 30-50% recently.

ePlus inc. (NASDAQ: PLUS) announced the amendment and restatement of its credit agreements with Wells Fargo, increasing its credit facility from $275 million to $375 million. The new facility, managed by a bank syndicate, includes a $100 million revolving credit sublimit and is based on a borrowing base determined by accounts receivable and inventory. The facility has an initial one-year term with automatic renewals. CFO Elaine Marion stated that this facility supports the company's growth and customer service.

ePlus has achieved AWS Networking Competency status, validating its expertise in AWS networking technologies. This designation highlights ePlus's capability in secure network connectivity and optimization for customer deployments on AWS. As an inaugural launch partner, ePlus emphasizes its commitment to helping clients achieve business transformation goals through AWS services. The AWS Networking Competency recognizes partners who excel in areas such as hybrid networks and network visibility, enhancing user experience and operational efficiency.

ePlus inc. (NASDAQ: PLUS) has launched the AI Workflow Accelerator Bundle for Healthcare, a comprehensive technology platform designed to enhance AI implementation in healthcare organizations. This bundle includes GPU-accelerated hardware from NVIDIA or Cisco, proprietary software from John Snow Labs, and implementation services from ePlus, aimed at streamlining AI projects from conception to execution. Addressing a need identified by a KPMG survey, the bundle aims to overcome barriers to AI adoption, facilitating faster, efficient healthcare solutions.

ePlus inc. (NASDAQ: PLUS) announced a successful IT infrastructure deployment for Bryn Mawr Trust Company aimed at enhancing strategic growth and adaptability. This digital transformation project included services such as Managed Services, Professional Services, and Cisco technology integrations. Executed remotely due to COVID-19, the initiative has reportedly led to improved productivity, a stronger security posture, and significant cost savings. Bryn Mawr Trust's EVP remarked on the partnership's role in facilitating a more efficient network, allowing their technology team to focus on delivering client value.

ePlus inc. (NASDAQ: PLUS) will present at the Sidoti & Company Virtual Small Cap Investors Conference on September 22, 2021, at 11:30 A.M.. Attendance is invitation-only. ePlus, a technology solutions provider, specializes in IT consulting, focusing on security, cloud services, and networking. Founded in 1990, it employs over 1,500 associates across the U.S., Europe, and Asia-Pacific. For further details, visit www.eplus.com.

ePlus reported a solid performance for the first quarter of Fiscal 2022, with net sales increasing 17.4% to $416.6 million. The technology segment net sales saw an increase of 17.3% to $400.4 million, driven by a 16.3% rise in service revenues to $55.6 million. Consolidated net earnings surged 35.5% to $23.5 million, with diluted EPS rising 34.6% to $1.75. The company noted ongoing inventory challenges but remains optimistic about future growth, supported by strong demand and positive fiscal outlook.

ePlus inc. (NASDAQ: PLUS) announced it will release its earnings for the first quarter of fiscal year 2022 on August 4, 2021, following the market's close. The earnings call will take place at 4:30 p.m. ET, where management will discuss the financial results for the quarter ending June 30, 2021. Investors can participate in the live call or access a replay through August 11, 2021. This announcement provides key insights into ePlus's financial performance and strategic outlook.