ePlus (PLUS) Misses Q1 EPS by 1c

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Go back to ePlus (PLUS) Misses Q1 EPS by 1c

ePlus Reports First Quarter Financial Results

August 5, 2015 4:00 PM EDT

Quarterly Highlights:

Consolidated gross margin on products and services expanded 150 basis points to 20%, on a 2.1% increase in non-GAAP gross sales of products and services; net sales fall 0.9% to $269.9 million Consolidated gross profit rises 4.8% to $59.1 million, led by 6.5% increase in technology gross profit; consolidated gross margin increased to 21.9% Adjusted EBITDA increased 4.2% to $16.3 million Diluted earnings per share was $1.21, up 6.1%, as compared to non-GAAP diluted earnings per share of $1.14 in the prior year

HERNDON, Va., Aug. 5, 2015 (GLOBE NEWSWIRE) -- ePlus inc. (NASDAQ: PLUS), a... More