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 inc. (NASDAQ: PLUS) reported its financial results for the three and nine months ended December 31, 2020. Net earnings rose by 10.7% to $21.6 million on flat revenues of $427.6 million. Operating expenses decreased by 11.0% to $68.9 million, contributing to a 41% increase in operating income for the technology segment. Service revenues grew 3.3% to $52.1 million. The financing segment, however, saw a 34.5% decline in sales. Overall, ePlus aims to expand customer-facing personnel and enhance technology offerings post-acquisition of System Management Planning.
ePlus inc. (NASDAQ: PLUS) will release its financial results for the three and nine months ended December 31, 2020, on February 3, 2021, after market close. A conference call will follow at 4:30 p.m. ET, requiring pre-registration to participate. The earnings report will detail critical metrics that investors should monitor.
The replay of the conference call will be available through February 10, 2021. Investors can find additional information on ePlus services and financials by visiting their official website.
ePlus (NASDAQ: PLUS) will participate in a virtual event hosted by Harrisburg University for Data Privacy Day 2021, focusing on the growing need for data privacy amidst increased remote work. Brian Zimmer, security solutions director at ePlus, emphasized the shift towards a data-centric security approach due to changing regulations and consumer expectations. The event, featuring a panel of security professionals, will discuss future strategies in data security, taking place on January 28, 2021. ePlus aims to enhance data security through a comprehensive lifecycle management strategy.
ePlus inc. (NASDAQ: PLUS) has acquired System Management and Planning, Inc. (SMP), enhancing its regional footprint and technology offerings in collaboration and support for virtual employees. SMP, based in Rochester, NY, serves various sectors including healthcare and education and brings significant expertise and a strong customer base. The acquisition, effective December 31, 2020, is expected to create synergies and expand ePlus' capabilities in delivering diverse solutions.
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.
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