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 (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.
ePlus (NASDAQ: PLUS) will release its financial results for Q4 and the fiscal year ending March 31, 2021, on May 20, 2021. The earnings report will be published after market hours, followed by a conference call at 4:30 p.m. ET. Interested parties can join the live call or access the replay via provided links. ePlus specializes in technology solutions, transforming IT into a business enabler with services across various sectors, including security and cloud computing.
ePlus (NASDAQ: PLUS) has achieved the Amazon Web Service (AWS) Service Delivery designation for Amazon EC2 for Windows Server, showcasing its expertise in delivering AWS services. This designation signifies ePlus's adherence to best practices and success in offering cloud solutions, enhancing its status as an AWS Advanced Consulting Partner. Justin Mescher, VP of cloud solutions, emphasized that this recognition validates ePlus's methodology in migrating Windows workloads to AWS, helping clients leverage AWS's capabilities for their technology objectives.
ePlus inc. (NASDAQ: PLUS) has achieved the VMware Cloud on AWS Master Services Competency, highlighting its proficiency in advanced VMware technologies. This recognition showcases ePlus' commitment to facilitating digital transformation for organizations through its validated service delivery capabilities. The company emphasizes its expertise in hybrid cloud solutions, cloud migration, and application modernization. This competency complements its existing credentials in Data Center Virtualization and Network Virtualization, positioning ePlus as a significant player in the cloud solutions market.
ePlus (NASDAQ: PLUS) announced a commitment to plant 10,000 trees in partnership with One Tree Planted, supporting global reforestation efforts on Earth Day. This initiative aims to enhance corporate social responsibility, especially after the challenges faced in the past year. ePlus emphasizes its mission to help customers optimize IT strategies while contributing positively to the environment and communities where they operate.
ePlus (NASDAQ: PLUS) has been recognized by CRN as part of its 2021 Tech Elite 250 list, marking the eighth consecutive year of inclusion. This annual list highlights North American IT solution providers with advanced technical certifications from leading technology suppliers. ePlus has aided customers in navigating challenges during the past year, demonstrating strong expertise in digital innovation and agility. The recognition reinforces ePlus’s position as a key partner in technology solutions.
ePlus has authorized a buyback of up to 500,000 shares of its common stock, effective May 28, 2021. This repurchase plan will last for 12 months, succeeding the previous plan expiring on May 27, 2021. As of March 22, 2021, there were approximately 13.5 million shares outstanding. Shares repurchased will be held as treasury stock for corporate purposes. The decision on timing and volume of shares repurchased will depend on various factors, including stock price. The company is not obligated to execute the buyback and may halt it at any time.
ePlus (NASDAQ: PLUS) will present at the Sidoti & Company March 2021 Virtual Conference on March 24, 2021, at 2:30 p.m. ET. The event is by invitation only. ePlus is a consultative technology solutions provider, helping clients maximize their technology investments through expertise in security, cloud, and networking. Founded in 1990, it serves clients across the U.S., Europe, and Asia-Pac, with over 1,400 associates. For more information, visit www.eplus.com.
ePlus (NASDAQ: PLUS) has been recognized in the Elite 150 category of CRN's 2021 Managed Service Provider (MSP) 500 list. This annual list highlights leading North American solution providers that excel in managed services, showcasing ePlus's innovative offerings like Cloud Hosted Services and Managed SD-WAN. The recognition underscores ePlus's commitment to helping organizations navigate complex IT solutions and improve operational efficiencies despite challenging business environments. This accolade reflects ePlus's strategic growth in its managed services portfolio, enhancing customer outcomes and ROI.
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