ePlus (PLUS) Tops Q2 EPS by 27c, Revenues Beat
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ePlus Reports Second Quarter and First Half Financial Results
November 4, 2020 4:05 PM EST--Revenue Growth Reflects Strong Demand for ePlus Solutions and Services--
Second Quarter Fiscal Year 2021
Net sales increased 5.2% to $433.1 million; technology segment net sales increased 5.4% to $419.4 million; service revenues increased 2.8% to $49.4 million. Adjusted gross billings increased 3.8% to $601.1 million. Consolidated gross profit decreased 3.9% to $99.0 million. Consolidated gross margin was 22.9%, a decrease of 210 basis points. Net earnings decreased 1.3% to $19.8 million. Adjusted EBITDA decreased 5.2% to $33.6 million. Diluted earnings per share decreased 2.0% to $1.48. Non-GAAP diluted earnings per share decreased 7.2% to $1.68.First Half Fiscal Year... More
