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PLUS News
PLUS Events
ePlus Reports Q2 Revenue of $649.1M
Reports Q2 revenue $649.1M vs. $642.8M. "The Q1 strong execution against a challenging year over year comparison. We had record sales and saw a significant increase in booked and open orders which we believe positions us for a strong second half. During the quarter, we saw product shipment delays and lead times extended by the ongoing memory chip shortage." commented Mark Marron, President and CEO of ePlus. "We continued to see strong growth in security, managed services, and within our mid-market customer base overall. Managed services delivered its first $50M revenue quarter and provides a reliable revenue stream which affirms our services-led, value-add approach for customers."
ePlus Reiterates FY27 Guidance for Mid-Single Digit Growth in Gross Profit and Adjusted EBITDA
ePlus is also reiterating its FY27 guidance of year over year growth in the mid-single digits for gross profit and adjusted EBITDA. Mark Marron, President and CEO of ePlus, commented, "Our customers operate in areas with strong expansion potential, and our growth is underscored by our close customer relationships as they look to us for help to expand their businesses, optimize internal efficiencies, and operate their IT securely. As technology investment continues to accelerate, we are well-positioned to capitalize on the significant long-term growth opportunities across artificial intelligence, data centers, cybersecurity and other mission-critical markets. Supported by our strong balance sheet and disciplined approach to capital allocation, we will continue investing in our capabilities, for both products and services, while executing on our strategy to deliver long-term sustainable growth and shareholder value. Reflecting our confidence in the business and the visibility into our open orders we have today, we are reaffirming our FY27 guidance."
ePlus Appoints John Lutz to Board of Directors
ePlus announced that John Lutz has joined its Board of Directors. Lutz is currently Vice Chancellor for Development and Alumni Relations for Vanderbilt University.
Sees FY27 Gross Profit and Adjusted EBITDA Up in Mid-Single Digits
Sees FY27 gross profit and adjusted EBITDA up in mid-single digits.
ePlus Reports Q4 Revenue of $576.2M, Up 20.5% YoY
Reports Q4 revenue $576.2M vs. $477.9M last year. "In Q4, we achieved double digit growth across both net sales and gross billings, demonstrating expanding market share, and underscoring the durability and resilience of our business, " said Mark Marron, CEO. "We had a very strong FY26 signaling strong execution from our team. We saw revenue grow 22% to $2.4B and gross billings expand to $3.8B, an increase of 17% while generating adjusted EBITDA of $205M, an increase of 50%, delivering meaningful operating leverage for the year. With a healthy balance sheet, including cash of $411M, we continued to enhance shareholder value through a share repurchase plan and are increasing our quarterly dividend by 8% to 27c per common share. ePlus' services-led strategy, especially as it relates to the leveraging of our AI consulting services capabilities, makes us nimble enough to capture emerging opportunities and large enough to scale solutions for large enterprises, enabling us to help our customers in a rapidly evolving IT environment. We believe we are well positioned to capture market opportunity and scale growth over the long term".
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