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) delivers technology-driven solutions and managed services that empower enterprises to optimize IT infrastructure and accelerate digital transformation. This news hub provides investors and technology professionals with centralized access to the company’s latest developments, strategic initiatives, and market positioning.
Track official announcements including earnings reports, technology partnerships, and acquisition updates, alongside insights into ePlus’ expanding capabilities in cloud services, cybersecurity, and AI-driven solutions. Discover how the company’s consultative approach and manufacturer alliances shape its evolving service portfolio.
This resource serves as an essential reference for monitoring ePlus’ operational milestones and industry leadership. Regular updates ensure stakeholders stay informed about developments impacting enterprise IT ecosystems and digital transformation strategies.
Bookmark this page for real-time access to press releases, financial disclosures, and strategic announcements from one of the IT sector’s most established solution providers.
ePlus reported financial results for Q4 and fiscal year 2024, noting a 12.7% increase in net sales to $554.5 million and a 12.6% rise in technology business sales. However, the company saw a 33.1% drop in net earnings to $22 million and a 24.4% decrease in adjusted EBITDA to $36.8 million.
Annual net sales grew 7.6% to $2.225 billion, with a 6.4% rise in consolidated gross profit to $550.8 million. Despite revenue growth, net earnings fell 3% to $115.8 million, and adjusted EBITDA slightly decreased. The company announced a new share repurchase plan to buy back up to 1.25 million shares.
ePlus highlighted a strong cash position of $253 million and outlined guidance for 2025, projecting 3-6% revenue growth and $200-$215 million in adjusted EBITDA.
ePlus (NASDAQ: PLUS) announced that it will release its earnings report for Q4 and the fiscal year ending March 31, 2024, on May 22, 2024, after the market closes.
The company will host a conference call and audio webcast at 4:30 p.m. ET on the same day to discuss the financial results. The live call is accessible via domestic and international numbers, with a replay available until May 29, 2024.
ePlus Inc. has been recognized as Growth Partner of the Year by Varonis for its expertise in leveraging Varonis technology to enhance data security and combat cyber threats. ePlus' Compromise Nothing initiative, in collaboration with Varonis, helps organizations improve data governance in modern IT environments.
ePlus Inc. announced Binary Defense as a new Tier 2 Managed Detection and Response partner, offering customized security solutions with accelerated detection, investigation, and response capabilities. Binary Defense's industry recognition and expertise aim to enhance customers' security posture through the collaboration.
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