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 it will release earnings on November 3, 2022, after market close. The earnings will cover the financial results for the three and six months ended September 30, 2022. Following the release, a conference call and audio webcast will take place at 4:30 p.m. ET. Investors can access the call via a toll-free number or through a provided audio webcast link. A replay will be available for approximately two weeks after the call.
On October 25, 2022, ePlus inc. (NASDAQ: PLUS) announced its collaboration with Habitat for Humanity of Greater Sacramento, marking its renewed involvement in affordable housing projects since their initial partnership in 2018. A team of volunteers from ePlus contributed to the first of two home builds, benefiting over 60 low-income individuals. The next engagement is scheduled for 2023. ePlus continues to support community initiatives aimed at providing housing solutions, reflecting its commitment to social responsibility.
ePlus inc. has appointed Renée Bergeron, Chief Operating Officer of AppDirect, to its Board of Directors, filling a newly-created independent director seat. This addition is expected to enhance ePlus's strategic focus in areas like security and cloud services. CEO Mark Marron highlighted Bergeron’s extensive experience, believing her insights will strengthen the company’s position as a customer-centric partner. With over 30 years in technology solutions, ePlus aims to continue leading in providing transformative business outcomes.
ePlus inc. (NASDAQ: PLUS) has been certified as a Palo Alto Networks Authorized Support Center (ASC), expanding its Enhanced Maintenance Support (EMS) to include first call technical support. This partnership enhances customer experience by providing US-based certified engineers and a faster resolution time for technical issues. With additional support from Tier 3 Palo Alto engineers, ePlus aims to improve operational efficiency for its customers while addressing modern cybersecurity challenges. The collaboration also offers a comprehensive security management approach.
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.
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