ePlus Reports Third Quarter and First Nine Months Financial Results
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ePlus (PLUS) Tops Q3 EPS by 28c, Revenues Beat
February 5, 2020 4:19 PM ESTePlus (NASDAQ: PLUS) reported Q3 EPS of $1.64, $0.28 better than the analyst estimate of $1.36. Revenue for the quarter came in at $429 million versus the consensus estimate of $382.71 million.
Third Quarter Fiscal Year 2020
Net sales increased 24.1% to $429.0 million; technology segment net sales increased 22.7% to $410.6 million; service revenues increased 43.2% to $50.4 million; financing segment net sales increased 67.7% to $18.4 million.Adjusted gross billings increased 22.5% to $586.3 million.Consolidated gross profit increased 25.1% to $103.7 million.Consolidated gross... More