Eplus Stock Price, News & Analysis

ePlus inc. (NASDAQ: PLUS) reports significant challenges faced by organizations due to COVID-19, as highlighted in their study titled Navigating Disruption. The survey of 135 tech professionals revealed data center capacity issues, with 30% citing expanded service requirements like VDI. Additionally, 25% of organizations experienced increased cloud spending, with nearly 10% seeing a rise exceeding 20%. Security concerns remain prevalent, with only 39% feeling 'very confident' in their controls. The report underscores the importance of agile infrastructure and adaptive security for future challenges.

ePlus inc. (NASDAQ: PLUS) has been awarded the Cisco Partner Summit Digital Geographical Region award for Americas Technology Excellence Partner of the Year: Data Center. The company also received regional awards for Software Partner of the Year and Commercial Partner of the Year. Cisco’s awards recognize partners for their innovative business practices and customer support during challenging times. ePlus holds several Cisco certifications, showcasing its expertise in technology solutions, including security and cloud services.

ePlus inc. (NASDAQ: PLUS) reported a 5.2% increase in consolidated net sales for Q2 FY2021, totaling $433.1 million. Technology segment sales rose 5.4% to $419.4 million, driven by higher product sales and a growing emphasis on managed services. However, consolidated gross profit decreased 3.9% to $99.0 million, with a gross margin of 22.9%. For the first half of FY2021, net sales fell 0.6% to $788.1 million, despite operating income increasing 4.6% to $53.5 million. The company's cash reserves increased significantly to $161.1 million.

ePlus (NASDAQ: PLUS) announced it will release its financial results for the three and six months ending September 30, 2020, on November 4, 2020. The earnings will be shared after market hours, followed by a conference call at 4:30 p.m. ET. Participants must pre-register to join the call. The company emphasizes its commitment to technology solutions that enhance customer capabilities. The webcast will be available for replay after the call, accessible until November 11, 2020.

ePlus inc. (NASDAQ: PLUS) announced successful completion of multiple attestations for its Managed Services Center, Cloud Hosted Services, and OneSource software products. Key achievements include the Type 2 SSAE 18 examination (SOC 1) for Managed Services and OneSource products, along with SOC 2 for Cloud Hosted Services, focusing on security, availability, and confidentiality. These examinations cover the period from August 1, 2019, to July 31, 2020, affirming the effectiveness of controls in place. ePlus emphasizes its commitment to operational excellence in delivering IT solutions.

ePlus inc. (NASDAQ: PLUS) announced that its CFO, Elaine Marion, received the Public Company CFO of the Year award from the Northern Virginia Technology Council at the 2020 Greater Washington Technology CFO Awards. This recognition highlights her commitment to strengthening the region's technology sector. CEO Mark Marron commended Marion's work ethic and dedication to ePlus's culture, emphasizing the positive impact her leadership has on employees and shareholders. ePlus has been a member of the Northern Virginia Technology Council for 25 years.

ePlus inc. (NASDAQ: PLUS) has launched ePlus CyberSmart, an educational initiative aiming to enhance cyber security knowledge among organizations. Coinciding with National Cyber Security Awareness Month, this initiative provides resources focusing on Identity and Access Management, Secure Access Service Edge, Managed Detection and Response, and securing remote workers. It will culminate on November 13 with a virtual event featuring renowned hacker Kevin Mitnick. ePlus emphasizes the importance of organizational cyber security awareness, especially in the wake of increased remote work due to the pandemic.

ePlus (NASDAQ: PLUS) has enhanced its Managed Cloud Security Service portfolio by integrating a robust managed detection and response (MDR) solution through a partnership with Alert Logic. This addition allows ePlus to provide continuous threat monitoring and extensive threat intelligence, ensuring optimal security for cloud deployments. The technology, coupled with ePlus' managed services, aims to help organizations address increasing cyber threats effectively. This strategic move supports organizations in enhancing network visibility and proactive threat remediation.