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 reported financial results for Q2 and H1 Fiscal Year 2025, ending September 30, 2024.
For Q2 2025:
- Net sales decreased 12.3% to $515.2M.
- Service revenues increased 46% to $103.7M.
- Consolidated gross profit rose 2.5% to $148M.
- Net earnings fell 4.1% to $31.3M.
- Diluted EPS decreased 4.1% to $1.17.
For H1 2025:
- Net sales dropped 8.8% to $1,059.7M.
- Service revenues increased 31.3% to $181.9M.
- Consolidated gross profit decreased 1.5% to $282.5M.
- Net earnings decreased 11.8% to $58.6M.
- Diluted EPS fell 12% to $2.19.
Despite declining sales and earnings, gross margins improved, driven by higher-margin service revenues. The acquisition of Bailiwick Services, , contributed to revenue growth in professional services. ePlus maintains a solid balance sheet with a cash position of $187.5M and expects FY2025 net sales to be similar to FY2024.
ePlus has announced it will release its financial results for the three and six months ended September 30, 2024, on November 12, 2024, after market close. The company will host a conference call and audio webcast at 4:30 p.m. ET to discuss the results. The earnings call will be accessible via webcast and phone, with replay available until November 19, 2024. The conference ID for both live call and replay is 5394845#.
ePlus and Digital Realty have partnered to launch an AI Experience Center in Digital Realty's Innovation Lab in Ashburn, VA. As one of only 10 NVIDIA DGX-ready managed service providers globally, ePlus will showcase AI technologies in a data center environment purpose-built for AI-optimized infrastructure. The center will demonstrate deployment and management of NVIDIA AI Enterprise technologies, offering customers access to public and private cloud environments via ServiceFabric™ and Digital Realty's Private AI Exchange. The facility includes ePlus AI Ignite assessments and workshops to help organizations evaluate AI maturity and identify suitable solutions.
ePlus (NASDAQ: PLUS) has received five prestigious awards at the 2024 Cisco Partner Summit, including Global and Americas Mass Scale Infrastructure Partner of the Year. The company was recognized for its excellence in building future-ready infrastructure supporting AI innovation through its AI Ignite initiative.
The awards acknowledge ePlus's expertise in developing mass-scale internet infrastructure, AI-optimized data centers, and scalable solutions with enhanced security. The company's achievements include engineering large-scale networks for service providers, enterprises, and education networks, while ensuring energy efficiency through Cisco's Silicon One architecture.
Other awards received include U.S. East Collaboration Partner of the Year, U.S. East Software Partner of the Year, and U.S. Northeast Partner of the Year.
ePlus inc. (NASDAQ NGS: PLUS) has announced the acquisition of Bailiwick Services, , a provider of professional and managed services based near Minneapolis. This strategic move strengthens ePlus' Services portfolio across North America. Bailiwick specializes in serving enterprise customers with large store, branch, and campus footprints, particularly in retail, financial services, restaurant, and hospitality sectors.
The acquisition, which closed on August 19, 2024, enhances ePlus' capabilities in IT integration, deployment services, edge computing, physical security, AV, logistics, and digital experiences. This expansion aligns with ePlus' growth strategy, offering customers a comprehensive range of technology solutions and services through a single provider. The terms of the transaction were not disclosed.
ePlus Technology and IGXGlobal UK , a subsidiary of ePlus inc. (NASDAQ NGS: PLUS), have renewed their Cisco Environmental Sustainability Specialization. This certification demonstrates their expertise in helping customers implement sustainable practices through technology reuse and recycling.
The companies are committed to reducing environmental impact, minimizing pollution, and protecting natural resources. They offer services such as asset reallocation, decommissioning, disposal, recycling kits, asset refresh, and buy back to assist organizations in managing product lifecycles responsibly.
ePlus and IGXGlobal partner with certified organizations to promote conservation, recycling, and efficient energy use. This specialization reflects their dedication to creating a sustainable future and driving positive environmental changes for customers across the U.S., U.K., and Europe.
ePlus (NASDAQ: PLUS) announced fiscal Q1 2025 results: net sales fell 5.2% to $544.5M, with technology business sales down 5.3% to $535.5M but services revenue up 15.8% to $78.2M. Technology gross billings decreased 1% to $833.7M, while gross profit dropped 5.5% to $134.5M, and gross margin slightly dipped to 24.7% from 24.8%. Net earnings declined 19.2% to $27.3M, with adjusted EBITDA down 19.9% to $43.1M. Diluted EPS fell 19.7% to $1.02. Despite sales decline, ePlus saw strong growth in managed services, up 28%, and ended the quarter with $350M in cash. ePlus maintains FY 2025 guidance for 3%-6% net sales growth and adjusted EBITDA of $200M-$215M. The company attributes revenue decline to normalized supply chains and remains optimistic about long-term demand and strategic acquisitions.
ePlus inc. (NASDAQ NGS: PLUS) has announced its upcoming first quarter fiscal year 2025 earnings release and conference call. The company will release its financial results for the three months ended June 30, 2024, after the market closes on August 6, 2024. Management will host a conference call and audio webcast at 4:30 p.m. ET on the same day.
Investors and analysts can access the live audio webcast through the provided link. For those who prefer to join via phone, toll-free domestic and international numbers are available. A replay of the call will be accessible for approximately one week, until August 13, 2024, using the provided replay numbers and conference ID.
ePlus has announced an expansion of its Storage-as-a-Service (STaaS) portfolio by launching ePlus STaaS with NetApp Keystone, providing a flexible and dynamic storage consumption model.
This offering includes benefits such as accelerated issue resolution, enhanced capacity planning, and a pay-as-you-grow pricing model, allowing organizations to align storage costs with actual usage and scale on demand. The service is backed by ePlus's technical support and customer success resources, ensuring minimal downtime and maximum productivity.
NetApp Keystone offers a hybrid cloud experience via a single subscription, reducing the burden of data storage management and enabling IT teams to focus on business outcomes.
IGXGlobal, a subsidiary of ePlus, announced the expansion of its Storage-as-a-Service (STaaS) offering, powered by Pure Storage Evergreen//One, to the UK and Europe. This follows its success in the U.S. The STaaS offering includes flexible subscription models for storage consumption, enhanced technical support, and customer success resources. European organizations can now benefit from expedited issue resolution, first-call technical support, improved storage capacity planning, and a consumption-based utility model. The expansion is driven by rising demand for on-demand burst and growth capacity in AI applications.
IGXGlobal aims to provide a cost-effective and flexible data storage solution, leveraging Pure Storage's technology and its technical support expertise. The move is seen as a natural progression following the success of the service in the U.S.