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. provides technology solutions and services for organizations across security, cloud, data center, networking, collaboration, artificial intelligence, service provider and critical infrastructure environments. Company news commonly covers earnings releases, guidance, dividends, service launches and customer-facing offerings tied to IT modernization and infrastructure capacity.
Updates also include managed and professional services activity, channel certifications and industry recognition, governance changes, and developments at Bailiwick Services, an ePlus Technology subsidiary focused on managed IT services, technology deployment and digital lock technology for retail use cases.
ePlus (NASDAQ: PLUS) has been named to CRN's 2025 Tech Elite 250 list, recognizing top solution providers in the US and Canada. The company maintains over 7,000 certifications and accreditations from leading technology providers, specializing in AI, Data Center, Cloud, Security, Enterprise and Carrier-Grade Networking and Collaboration.
This recognition highlights ePlus's commitment to maintaining high-level technical expertise and delivering comprehensive IT solutions. The company offers professional, managed, and consultative services, focusing on supporting customers through complex IT challenges and emerging technologies like AI. This marks ePlus's 12th appearance on the Tech Elite 250 list.
ePlus (NASDAQ: PLUS) has been recognized on CRN's Managed Service Provider (MSP) 500 list in the Elite 150 category for 2025, marking its 10th appearance on this prestigious list. The company offers comprehensive managed services including Storage as a Service, Cloud Managed Services, Managed Security Services, and more, helping enterprises manage their IT infrastructure while reducing operational burden.
The company maintains important compliance attestations including SSAE 18 (SOC 1 Type 2), HIPAA attestation, and SSAE 18 SOC 2 Type 2 for cloud-based services. CEO Mark Marron highlighted that amid growing AI usage and persistent staffing challenges, organizations increasingly turn to managed services providers. ePlus has been delivering managed services for over 25 years across various industries.
ePlus (NASDAQ: PLUS) has launched its 2025 GRIT: Girls Re-Imagining Tomorrow® program, a STEM initiative aimed at encouraging middle and high school girls to pursue careers in technology. The program, which began in 2017 as a joint initiative with Cisco, has expanded to include more than 100 girls from seven schools across five states.
The 2025 program focuses on exposing participants to cybersecurity, AI, and other technology areas through mentoring and learning opportunities. Since its inception, nearly 500 girls have graduated from GRIT. The initiative was created in response to the global shortage of cybersecurity professionals, particularly women, with current statistics showing women comprise less than one-third of the global technology workforce and only 35% of STEM employees in the U.S.
ePlus (NASDAQ: PLUS) reported mixed Q3 FY2025 results with modest growth in some areas but declines in others. Net sales slightly increased 0.4% to $511.0 million, while consolidated gross profit grew 5.3% to $140.9 million. The company saw significant growth in service revenues, up 52.2% to $113.6 million, driven by both organic growth and acquisitions.
However, net earnings decreased 11.5% to $24.1 million, and adjusted EBITDA fell 15.2% to $39.1 million. Diluted EPS decreased 10.8% to $0.91. The technology business segment showed mixed performance with gross billings up 6.6% to $849.5 million, but net sales slightly declining 0.2% to $493.1 million.
For FY2025, ePlus provided guidance expecting net sales between $2.07-2.11 billion and adjusted EBITDA of $165.0-171.0 million. The company maintains a strong balance sheet with $253.1 million in cash and cash equivalents as of December 31, 2024.
ePlus (NASDAQ: PLUS) has announced an expansion of its Managed Services portfolio to include proactive monitoring, management, and support for Juniper Mist wireless, wired, and SD-WAN infrastructure devices. The enhanced service integrates Juniper Marvis AI virtual network assistant capabilities for 24x7x365 performance monitoring and incident management.
As a Juniper Elite Partner, ePlus leverages Juniper Mist Premium Analytics to provide comprehensive network observability, improving end-user experiences and IT operations efficiency. The service utilizes technical knowledge gained from hundreds of customer implementations to analyze and act on data collected by Juniper Marvis AI, helping reduce mean time to resolution and prevent outages.
ePlus (NASDAQ: PLUS) has announced its upcoming earnings release and conference call schedule for the third quarter of fiscal year 2025. The company will release its financial results for the three and nine months ended December 31, 2024, after market close on February 5, 2025.
Management will host a conference call and audio webcast at 4:30 p.m. ET on the same day. The call will be accessible via toll-free domestic line at (888) 596-4144 and international line at (646) 968-2525. A replay will be available for approximately one week until February 12, 2025, through both domestic and international numbers.
ePlus has released its inaugural AI Readiness survey, revealing significant gaps between AI aspirations and implementation readiness among organizations. The survey of 200 IT professionals shows that 76% of organizations have not yet achieved AI maturity, with 42% identifying as 'AI curious' and only 24% considering themselves AI mature.
Key challenges identified include skills gaps (41.8%), cost (38.8%), and security (35.8%). While 74.8% of respondents plan to implement GenAI within 12 months, 78.2% express confidence in their ability to regulate and govern GenAI applications.
Data management emerges as a critical concern, with respondents highlighting data quality (61%), security (54.5%), and governance (52%) as primary challenges. In response, ePlus has launched the Secure GenAI Accelerator to help organizations test and implement AI solutions securely.
ePlus (NASDAQ: PLUS) has appointed Melissa Ballenger to its Board of Directors and Audit Committee. Ballenger, currently an Adjunct Professor at William & Mary's Business School, brings extensive financial leadership experience, having served as CFO at various organizations including Mosaic (2020-2023), Cross River Bank (2019-2020), and holding executive positions at State Street, Santander, and TD (2003-2019).
Ballenger's background includes roles as Principal Accounting Officer at Mastercard and experience in finance transformation at Freddie Mac. She is a CPA and NACD Certified Director, with expertise in strategic planning, capital markets, risk management, and M&A. CEO Mark Marron highlighted her financial services experience and international expertise as valuable assets for the company's growth strategy and shareholder value enhancement.
ePlus (NASDAQ: PLUS) has announced its Secure GenAI Accelerator offering, a hosted proof of concept engagement allowing organizations to test private Generative AI chatbots. The solution is part of the ePlus AI Ignite portfolio and combines ePlus services with technology from NVIDIA and AWS.
The offering features a GenAI private chatbot experience with customized assistants, powered by NVIDIA AI enterprise and NVIDIA NIM, hosted on AWS with enterprise-level security. The solution aims to help organizations convert AI use cases into actionable plans, achieve faster GenAI implementation, and enhance support operations while maintaining data security within the customer's controlled environment.
ePlus has successfully renewed its multi-site ISO 9001 certification for 2025-2028, covering its U.S.-based configuration centers. The certification encompasses key operational areas including procurement, order processing, warehouse and logistics, multi-vendor integration, training, internal audit, and Quality Management System (QMS) administration.
The ISO 9001 certification establishes criteria for ePlus' QMS, focusing on customer satisfaction, management involvement, and continuous process improvement. According to CFO Elaine Marion, this recertification demonstrates the company's dedication to enhancing operational efficiency, customer satisfaction, and supplier relationships while delivering reliable logistics services and products.