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 inc. (NASDAQ: PLUS) announced the renewal of Cisco Gold Certified Partner designation for its subsidiary, IGXGlobal UK Limited. This certification highlights IGXGlobal's expertise in providing Cisco-based solutions across the UK and Europe. Additionally, IGXGlobal has achieved Advanced Cisco Certifications in various areas, reflecting its technical capabilities. ePlus also holds Cisco Gold Certification in the U.S. and has received multiple Master Specialization Certifications, solidifying its position in the technology solutions sector.
ePlus inc. (NASDAQ: PLUS) reported its financial results for the three and nine months ended December 31, 2020. Net earnings rose by 10.7% to $21.6 million on flat revenues of $427.6 million. Operating expenses decreased by 11.0% to $68.9 million, contributing to a 41% increase in operating income for the technology segment. Service revenues grew 3.3% to $52.1 million. The financing segment, however, saw a 34.5% decline in sales. Overall, ePlus aims to expand customer-facing personnel and enhance technology offerings post-acquisition of System Management Planning.
ePlus inc. (NASDAQ: PLUS) will release its financial results for the three and nine months ended December 31, 2020, on February 3, 2021, after market close. A conference call will follow at 4:30 p.m. ET, requiring pre-registration to participate. The earnings report will detail critical metrics that investors should monitor.
The replay of the conference call will be available through February 10, 2021. Investors can find additional information on ePlus services and financials by visiting their official website.
ePlus (NASDAQ: PLUS) will participate in a virtual event hosted by Harrisburg University for Data Privacy Day 2021, focusing on the growing need for data privacy amidst increased remote work. Brian Zimmer, security solutions director at ePlus, emphasized the shift towards a data-centric security approach due to changing regulations and consumer expectations. The event, featuring a panel of security professionals, will discuss future strategies in data security, taking place on January 28, 2021. ePlus aims to enhance data security through a comprehensive lifecycle management strategy.
ePlus inc. (NASDAQ: PLUS) has acquired System Management and Planning, Inc. (SMP), enhancing its regional footprint and technology offerings in collaboration and support for virtual employees. SMP, based in Rochester, NY, serves various sectors including healthcare and education and brings significant expertise and a strong customer base. The acquisition, effective December 31, 2020, is expected to create synergies and expand ePlus' capabilities in delivering diverse solutions.
ePlus inc. (NASDAQ: PLUS) announced a partnership with the Garden of Dreams Foundation and the Radio City Rockettes to host a virtual holiday event called Delivering Joy on December 22. This event includes interactive experiences such as dance classes and cooking sessions while encouraging attendees to donate toys for patients at NewYork-Presbyterian Children's Hospital. The initiative highlights ePlus's commitment to community support, with funds raised benefiting various children's charities.
ePlus inc. (NASDAQ: PLUS) has introduced a new methodology aimed at aiding Amazon Web Services (AWS) customers in adopting the recently launched AWS Gateway Load Balancer (GWLB). This service simplifies the management of third-party virtual appliances, enhancing scalability and cost-efficiency for AWS users. ePlus, an AWS Advanced Consulting Partner, provides various offerings including live demonstrations and accelerated deployment packages. This initiative is designed to improve networking and security within AWS, crucial for enterprise applications.
ePlus (NASDAQ: PLUS) has partnered with AWS to launch Professional Services in AWS Marketplace, enabling customers to purchase and contract professional services directly. This initiative simplifies the procurement process for AWS customers by allowing software and related services to be sourced together, thus enhancing efficiency and reducing procurement cycles. Key Managed Services offered include Cloud Cost Optimization, Cloud Security Monitoring, and Managed Detection and Response, aimed at addressing cloud migration challenges.
ePlus inc. (NASDAQ: PLUS) reports significant challenges faced by organizations due to COVID-19, as highlighted in their study titled Navigating Disruption. The survey of 135 tech professionals revealed data center capacity issues, with 30% citing expanded service requirements like VDI. Additionally, 25% of organizations experienced increased cloud spending, with nearly 10% seeing a rise exceeding 20%. Security concerns remain prevalent, with only 39% feeling 'very confident' in their controls. The report underscores the importance of agile infrastructure and adaptive security for future challenges.
ePlus inc. (NASDAQ: PLUS) has been awarded the Cisco Partner Summit Digital Geographical Region award for Americas Technology Excellence Partner of the Year: Data Center. The company also received regional awards for Software Partner of the Year and Commercial Partner of the Year. Cisco’s awards recognize partners for their innovative business practices and customer support during challenging times. ePlus holds several Cisco certifications, showcasing its expertise in technology solutions, including security and cloud services.
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