ePlus Reports Second Quarter and First Half Financial Results

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Go back to ePlus Reports Second Quarter and First Half Financial Results

ePlus (PLUS) Tops Q2 EPS by 42c, Revenues Beat

November 6, 2019 5:59 PM EST

ePlus (NASDAQ: PLUS) reported Q2 EPS of $1.81, $0.42 better than the analyst estimate of $1.39. Revenue for the quarter came in at $411.6 million versus the consensus estimate of $369.02 million.

Second Quarter Fiscal Year 2020

Net sales increased 19.3% to $411.6 million; technology segment net sales increased 18.8% to $397.7 million; service revenues increased 35.1% to $48.1 million; financing segment net sales increased 34.8% to $13.8 million.Adjusted gross billings increased 19.2% to $579.1 million.Consolidated gross profit increased 20.5% to $103.0 million.Consolidated gross margin was 25.0%, an increase of 20 basis points.Net earnings increased 11.6% to $20.1 million.Adjusted... More