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 (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.
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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.
ePlus inc. announced on Oct. 26, 2021, that its subsidiary IGXGlobal UK Limited has expanded its Security Services portfolio by introducing a Managed Detection and Response (MDR) offering. This new service is designed to bolster cyber defenses for clients across Europe, providing 24/7 security monitoring, alerting, threat detection, and incident management. The initiative aims to address the growing cyber skills gap and budget constraints faced by organizations. IGXGlobal will collaborate with Proficio to enhance its MDR technology in key European markets.
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.