ePlus (NASDAQ: PLUS) reported Q2 EPS of $2.59, $0.46 better than the analyst estimate of $2.13. Revenue for the quarter came in at $458 million versus the consensus estimate of $439.03 million.

Summary and Outlook:

"As we enter the second half of fiscal 2022, ePlus remains well-positioned for continued growth, with the products, services, financing, and expertise that enable our customers to meet the challenges of digital transformation and modernization. Our data center, security and cloud-focused solutions remain especially timely and relevant as businesses further expand their remote and hybrid workforce capabilities, while our investments in emerging areas, including collaboration and AI, provide new opportunities for growth," Mr. Marron noted.

"Our confidence in our fiscal 2022 outlook is supported by the strength of our open orders and backlog, both of which have increased significantly during the year. While we continue to closely monitor constraints within the supply chain that may limit future product availability, our team and our channel partners have performed admirably in navigating these challenges to date. As always, ePlus remains committed to investing in our people and in our capabilities to stay on the forefront of technology trends.

"We are pleased to announce that the Board has declared a two-for-one stock split, reflecting confidence in the Company's outlook and growth strategy," Mr. Marron concluded.

For earnings history and earnings-related data on ePlus (PLUS) click here.