EPlus inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 04:05 pm EST
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ePlus inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was USD 509.06 million compared to USD 623.48 million a year ago. Net income was USD 27.28 million compared to USD 35.69 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1.34 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 1.34 a year ago.
For the nine months, revenue was USD 1,670.84 million compared to USD 1,575.54 million a year ago. Net income was USD 93.79 million compared to USD 86.5 million a year ago. Basic earnings per share from continuing operations was USD 3.53 compared to USD 3.26 a year ago. Diluted earnings per share from continuing operations was USD 3.52 compared to USD 3.24 a year ago.
ePlus inc. is a provider of technology solutions across the spectrum spanning security, cloud, data center, networking, collaboration, artificial intelligence, and emerging solutions. The Companyâs segments include Product, Professional Services, Managed Services, and Financing. The Product segment includes sales of information technology (IT) products, third-party software, and third-party maintenance, software assurance, and other third-party services. The Professional services segment includes its advanced professional services, staff augmentation, project management services, cloud consulting services and security services. The Managed services segment includes its advanced managed services, service desk, storage-as-a-service, cloud hosted services, cloud managed services and managed security services. The Financing segment consists of the financing of IT equipment, software, and related services to commercial enterprises, state and local governments, and government contractors.
EPLUS INC. 
