ePlus (PLUS) Tops Q1 EPS by 1c
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ePlus Reports First Quarter Financial Results
August 3, 2022 4:05 PM EDT-Double Digit Top-Line Growth Driven by Solid Demand for Technology Offerings-
First Quarter Fiscal Year 2023
Net sales increased 10.0% to $458.4 million; technology segment net sales increased 12.1% to $448.8 million; service revenues increased 13.5% to $63.1 million.Adjusted gross billings increased 10.9% to $701.9 million.Consolidated gross profit increased 7.6% to $113.5 million.Consolidated gross margin was 24.8% compared to 25.3% in last year's quarter.Net earnings decreased 5.0% to $22.3 million.Adjusted EBITDA remained flat at $38.3 million.Diluted earnings per share decreased 3.4% to $0.84. Non-GAAP diluted earnings per share increased 1.0% to... More