Eplus Stock Price, News & Analysis

ePlus inc. (NASDAQ: PLUS) announced a partnership with the Garden of Dreams Foundation and the Radio City Rockettes to host a virtual holiday event called Delivering Joy on December 22. This event includes interactive experiences such as dance classes and cooking sessions while encouraging attendees to donate toys for patients at NewYork-Presbyterian Children's Hospital. The initiative highlights ePlus's commitment to community support, with funds raised benefiting various children's charities.

ePlus inc. (NASDAQ: PLUS) has introduced a new methodology aimed at aiding Amazon Web Services (AWS) customers in adopting the recently launched AWS Gateway Load Balancer (GWLB). This service simplifies the management of third-party virtual appliances, enhancing scalability and cost-efficiency for AWS users. ePlus, an AWS Advanced Consulting Partner, provides various offerings including live demonstrations and accelerated deployment packages. This initiative is designed to improve networking and security within AWS, crucial for enterprise applications.

ePlus (NASDAQ: PLUS) has partnered with AWS to launch Professional Services in AWS Marketplace, enabling customers to purchase and contract professional services directly. This initiative simplifies the procurement process for AWS customers by allowing software and related services to be sourced together, thus enhancing efficiency and reducing procurement cycles. Key Managed Services offered include Cloud Cost Optimization, Cloud Security Monitoring, and Managed Detection and Response, aimed at addressing cloud migration challenges.

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.