ePlus (PLUS) Tops Q2 EPS by 42c, Revenues Beat
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ePlus Reports Second Quarter and First Half Financial Results
November 6, 2019 4:05 PM EST--Achieved Double-digit Gross Profit Growth and Year-on-Year Gross Margin Expansion--
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 EBITDA increased 18.5% to $35.4 million. Diluted earnings per share increased 13.5% to $1.51. Non-GAAP diluted earnings per share increased 18.3% to... More