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) is a leading provider of transformative technology solutions aimed at helping visionary organizations achieve their IT goals. ePlus engineers sustainable IT roadmaps through their expert team of architects, engineers, and consultants, delivering strategies to fulfillment and managed services, allowing clients to optimize their IT environments and supply chain processes.
Headquartered in Virginia, ePlus operates through its subsidiaries to offer a broad array of technology solutions that cater to medium and large enterprises across various sectors in the United States and select international markets including the UK, EU, India, Singapore, and Israel. The company’s robust portfolio includes consulting, professional and managed services, and complete lifecycle management services, complemented by flexible financing solutions.
ePlus maintains deep partnerships with top manufacturers, leveraging these relationships to stay at the forefront of the IT ecosystem. The company's diverse network of over 1,500 vendor partnerships ensures that they can offer cutting-edge solutions tailored to the dynamic needs of their clients.
Recent achievements highlight ePlus's strong financial performance. For the fiscal year ending March 31, 2024, ePlus reported consolidated net sales of $2.23 billion to $2.33 billion, reflecting a significant increase driven by growth in key verticals and managed services. The company's adjusted EBITDA ranged between $200 million to $215 million. ePlus continued to expand capabilities through strategic acquisitions, such as the Network Solutions Group (NSG) and PEAK Resources, Inc., enhancing their engineering, sales, and service delivery capabilities.
ePlus's ongoing projects include the 2024 GRIT: Girls Re-Imagining Tomorrow® program, aimed at inspiring young women to pursue careers in technology. Additionally, ePlus has made significant strides in managed services, with substantial growth in Enhanced Maintenance Support, Service Desk, and Security Operations Center services.
In summary, ePlus Inc. is a trusted advisor in the IT industry, known for its relentless commitment to innovation, client service, and the ability to navigate through rapidly changing environments. With a strong balance sheet, a strategic focus on AI and cybersecurity, and a dedicated workforce, ePlus is well-positioned to continue delivering exceptional solutions and driving long-term shareholder value.
ePlus has achieved AWS Networking Competency status, validating its expertise in AWS networking technologies. This designation highlights ePlus's capability in secure network connectivity and optimization for customer deployments on AWS. As an inaugural launch partner, ePlus emphasizes its commitment to helping clients achieve business transformation goals through AWS services. The AWS Networking Competency recognizes partners who excel in areas such as hybrid networks and network visibility, enhancing user experience and operational efficiency.
ePlus inc. (NASDAQ: PLUS) has launched the AI Workflow Accelerator Bundle for Healthcare, a comprehensive technology platform designed to enhance AI implementation in healthcare organizations. This bundle includes GPU-accelerated hardware from NVIDIA or Cisco, proprietary software from John Snow Labs, and implementation services from ePlus, aimed at streamlining AI projects from conception to execution. Addressing a need identified by a KPMG survey, the bundle aims to overcome barriers to AI adoption, facilitating faster, efficient healthcare solutions.
ePlus inc. (NASDAQ: PLUS) announced a successful IT infrastructure deployment for Bryn Mawr Trust Company aimed at enhancing strategic growth and adaptability. This digital transformation project included services such as Managed Services, Professional Services, and Cisco technology integrations. Executed remotely due to COVID-19, the initiative has reportedly led to improved productivity, a stronger security posture, and significant cost savings. Bryn Mawr Trust's EVP remarked on the partnership's role in facilitating a more efficient network, allowing their technology team to focus on delivering client value.
ePlus inc. (NASDAQ: PLUS) will present at the Sidoti & Company Virtual Small Cap Investors Conference on September 22, 2021, at 11:30 A.M.. Attendance is invitation-only. ePlus, a technology solutions provider, specializes in IT consulting, focusing on security, cloud services, and networking. Founded in 1990, it employs over 1,500 associates across the U.S., Europe, and Asia-Pacific. For further details, visit www.eplus.com.
ePlus reported a solid performance for the first quarter of Fiscal 2022, with net sales increasing 17.4% to $416.6 million. The technology segment net sales saw an increase of 17.3% to $400.4 million, driven by a 16.3% rise in service revenues to $55.6 million. Consolidated net earnings surged 35.5% to $23.5 million, with diluted EPS rising 34.6% to $1.75. The company noted ongoing inventory challenges but remains optimistic about future growth, supported by strong demand and positive fiscal outlook.
ePlus inc. (NASDAQ: PLUS) announced it will release its earnings for the first quarter of fiscal year 2022 on August 4, 2021, following the market's close. The earnings call will take place at 4:30 p.m. ET, where management will discuss the financial results for the quarter ending June 30, 2021. Investors can participate in the live call or access a replay through August 11, 2021. This announcement provides key insights into ePlus's financial performance and strategic outlook.
ePlus (NASDAQ: PLUS) will present at the Baird 2021 Global Consumer, Technology & Services Virtual Conference on June 9, 2021, at 3:45 p.m. The conference runs from June 8-10, 2021, and is hosted online. ePlus is recognized for its consultative technology solutions, assisting clients in maximizing their technology investments. Founded in 1990, the company boasts over 1,500 employees serving a global clientele across the U.S., Europe, and Asia-Pac. For more details, visit www.eplus.com.
ePlus (NASDAQ: PLUS) will present at the Stifel 2021 Cross Sector Insight Conference at 10:00 AM ET on June 8. The virtual event runs from June 8-10, 2021. ePlus is a technology solutions provider specializing in security, cloud, data center, and more, helping clients optimize their IT investments. Founded in 1990, ePlus operates across the U.S., Europe, and Asia-Pacific, with over 1,500 associates.
ePlus inc. (NASDAQ: PLUS) reported its financial results for the fourth quarter and fiscal year ending March 31, 2021. Despite a 3.8% decrease in consolidated net sales to $352.6 million, the company achieved a 6.6% increase in gross profit, reaching $97.9 million, with a record gross margin of 27.8%. Operating income surged 31.9% to $23.6 million. For the fiscal year, total net sales fell 1.3% to $1,568.3 million, yet adjusted EBITDA grew 25.7%. Earnings per share increased 17.2% to $1.16.
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