ePlus Inc (STU:MLE)
€ 56 -1 (-1.75%) Market Cap: 1.51 Bil Enterprise Value: 1.28 Bil PE Ratio: 16.38 PB Ratio: 1.80 GF Score: 88/100
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Q2 2025 ePlus inc Earnings Call Transcript

Nov 12, 2024 / 09:30 PM GMT
Release Date Price: €89.5 (-1.65%)

Key Points

Positve
  • ePlus Inc (PLUS) expanded its solution and service offerings with the acquisition of Bailiwick, enhancing its IT integration services.
  • Service revenues grew significantly by 46% year-on-year, reaching a new high of $104 million in the quarter.
  • Managed services revenue increased by 28% year-over-year, contributing to predictable and consistent revenue streams.
  • Gross profit increased by 2.5% despite a decline in net sales, driven by higher product margins and strong services performance.
  • The company's security practice saw growth, with security gross billings up 15.8% for the quarter.
Negative
  • Total net sales decreased by 12.3% due to a decline in product sales, which offset the growth in services revenues.
  • SG&A expenses rose year-on-year, primarily due to increased headcount and acquisition-related costs.
  • The company faced a tough comparison against the prior year, which benefited from an easing supply chain.
  • There was a delay or pause in rolling out new technologies for certain enterprise customers, impacting demand.
  • Consolidated net earnings decreased by 4.1% from the prior year quarter, reflecting challenges in product sales.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PLUS.OQ - ePlus inc
Q2 2025 ePlus inc Earnings Call
Nov 12, 2024 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day. Ladies and gentlemen, welcome to the Eplus Earnings Results conference call. As a reminder, this conference call is being recorded. I would like to introduce your host for today's conference. Mr Craig Parkhurst, senior Vice President. Sir, you may begin.

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Unidentified_2 [2]
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Thank you for joining us today on the call to Mark Maron CEO and President Darren Rwe COO and President of Post Technology Elaine Marion CFO and Erica Stoker General Council. I want to take a moment to remind you that the statements we make this afternoon that are not historical facts may be
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