ePlus Inc - PLUS STOCK NEWS

ePlus inc. (NASDAQ: PLUS) announced its participation in the Sidoti September Virtual Investor Conference, scheduled for September 21-22, 2022. The company will present on September 21 at 10:00 ET and will also hold virtual one-on-one meetings with investors during the conference. Registration for the presentation and meetings is free and open to all. As a leader in technology solutions for over 30 years, ePlus focuses on innovative business outcomes across various sectors.

ePlus inc. (NASDAQ: PLUS) announced that its Chief Financial Officer, Elaine Marion, has been honored as a 2022 Women Who Mean Business by the Washington Business Journal. This accolade recognizes 25 prominent professionals in Greater Washington for their significant contributions to business and community. Honorees will be celebrated on October 6 at The Ritz-Carlton, Washington, D.C. Marion expressed gratitude for being included in this esteemed group, highlighting her growth during her tenure at ePlus.

ePlus reported a solid start to fiscal 2023, with net sales increasing 10.0% to $458.4 million and technology segment sales rising 12.1% to $448.8 million. Service revenues grew 13.5% to $63.1 million. However, net earnings decreased 5.0% to $22.3 million, and diluted earnings per share fell 3.4% to $0.84. The company faced challenges including foreign currency losses and increased operating expenses of $80.3 million, reflecting a 10.0% rise in costs. Investments in personnel were made to support future growth.

ePlus inc. (NASDAQ NGS: PLUS) announced the general availability of its Cloud Managed Services for Microsoft Azure, aimed at easing the management of Azure deployments. This service helps organizations optimize costs and enhance security. Key features include automated deployment, security governance, and a FinOps methodology for cost management. The services are supported by certified engineers, offering 24/7 proactive support. ePlus aims to mitigate challenges associated with public cloud management, allowing clients to focus on innovation.

ePlus inc. (NASDAQ: PLUS) will release its earnings for the quarter ending June 30, 2022, on August 3, 2022, after market close. A conference call is scheduled for 4:30 p.m. ET the same day to discuss the financial results. The call can be accessed via audio webcast and will be available for replay until August 12, 2022. ePlus has over 30 years of experience, providing technology solutions and services globally, with a focus on customer outcomes.

ePlus has acquired Future Com, a Texas-based cyber security provider, enhancing its security capabilities and geographic presence in the South-Central US. The acquisition, completed on July 16, 2022, strengthens ePlus' offerings which already represent over $500M in annual adjusted gross billings. Future Com's expertise in cyber security will benefit ePlus' expanding customer base, providing comprehensive support and resources across various sectors including healthcare and education. The terms of the acquisition remain undisclosed.

ePlus inc. (NASDAQ NGS: PLUS) has been recognized as Dell Technologies' North America Channel Services Delivery Excellence Partner of the Year and Server Excellence Partner of the Year for 2022. This accolade was awarded during the Dell Technologies World at the Global Partner Summit. The recognition highlights ePlus' exceptional performance and commitment in delivering Dell Server solutions across various sectors, including education and healthcare. With extensive expertise in cloud and data center technologies, ePlus aims to empower customers by providing tailored technology solutions.

ePlus inc. has been recognized as the 30th largest solution provider in North America on CRN's 2022 Solution Provider 500 List, highlighting the company’s significant revenue and service delivery. This ranking reflects ePlus's ability to provide advanced technology solutions in areas including security, cloud, data center, and networking, ensuring clients can leverage their technology investments. CEO Mark Marron stated that this achievement underscores the company's commitment to digital transformation and enterprise evolution, which are central to its operations.

ePlus reported strong financial results for the fourth quarter and fiscal year ended March 31, 2022. Net sales surged by 28.1% to $451.5 million, with technology segment sales up 26.4% to $419.4 million. Net earnings saw a remarkable 55.9% increase to $24.2 million, with diluted earnings per share rising 56.9% to $0.91. For the fiscal year, net sales increased 16.1% to $1.82 billion, and adjusted EBITDA rose 32.6% to $170 million. The company enters FY 2023 with a solid outlook for IT spending.