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 its Cisco Advanced Customer Experience Specialization through its subsidiary, ePlus Technology, inc. This renewal confirms ePlus's qualifications in supporting customers with a complete lifecycle of solutions, backed by successful audits demonstrating investments in technology and processes. The company emphasizes its commitment to enhancing customer experiences and ensuring clients achieve optimal value from their investments. Ken Farber, president of software and marketing at ePlus, highlighted the importance of this specialization in helping organizations maximize their purchases. This renewal reflects ePlus's ongoing dedication to customer service in a rapidly evolving environment.
ePlus inc. (NASDAQ: PLUS) announced its participation at the HIMSS23 Global Health Conference and Exhibition from April 17-21, 2023, in Chicago, IL. The company will showcase healthcare IT solutions in booth #4001, collaborating with renowned technology partners like Dell Technologies and VMware. ePlus aims to empower healthcare organizations with value-based care, data security, and patient engagement systems. VP George Pashardis emphasized the importance of IT security in healthcare, addressing risks such as data breaches and malicious attacks. ePlus offers comprehensive services from consulting to deployment in modernizing healthcare infrastructures and optimizing IT investments. It also provides flexible payment options to help overcome budget limitations. More information is available at www.eplus.com/healthcare.
ePlus has announced a new stock repurchase program, allowing the company to buy back up to 1,000,000 shares of its common stock over a period of 12 months starting May 28, 2023. This program follows the expiration of the current plan on May 27, 2023, with ePlus having approximately 26.9 million shares outstanding as of April 3, 2023. The repurchased shares will be classified as treasury shares and utilized for general corporate purposes. Management retains discretion over the timing and amount of repurchases, dependent on stock price and availability.
ePlus inc. (NASDAQ: PLUS) has been honored by CRN as part of the 2023 Tech Elite 250 for the tenth consecutive year. This prestigious list recognizes solution providers in the U.S. and Canada that have achieved significant certifications and specializations from key technology vendors in the IT sector, particularly in infrastructure, cloud, and security. ePlus serves over 4,200 customers globally, leveraging its technical expertise and commitment to innovation. The company aims to assist clients in navigating complex IT environments while optimizing technology for enhanced financial outcomes.
ePlus inc. (NASDAQ: PLUS) announced its participation in the 2023 Small Cap Virtual Conference taking place on March 23, 2023. The event will feature meetings throughout the day, although no public presentations or webcasts will be available. Key representatives from ePlus, including Mark Marron (CEO) and Elaine Marion (CFO), will be attending virtually. Interested parties are encouraged to reach out to their Sidoti & Company sales representative for additional details.
ePlus leverages technology to deliver transformative business outcomes, boasting over 30 years of experience and a workforce of more than 1,700 associates worldwide.
FAQ
What is the current stock price of ePlus (PLUS)?
What is the market cap of ePlus (PLUS)?
What services does ePlus Inc. provide?
Where is ePlus Inc. headquartered?
Which markets does ePlus serve?
What are some recent achievements of ePlus Inc.?
What is the focus of ePlus's managed services?
How does ePlus leverage partnerships?
What are ePlus’s future financial expectations?
What initiatives does ePlus have for promoting diversity?
How does ePlus support its clients during challenging times?
What is ePlus's approach to innovation?
