ePlus Reports Fourth Quarter and Fiscal Year 2021 Financial Results

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ePlus (PLUS) Tops Q4 EPS by 22c, Revenues Miss

May 20, 2021 4:11 PM EDT

ePlus (NASDAQ: PLUS) reported Q4 EPS of $1.41, $0.22 better than the analyst estimate of $1.19. Revenue for the quarter came in at $352.6 million versus the consensus estimate of $390.81 million.

Our fourth quarter earnings performance reflected continued progress driving profitable growth from our IT solutions, particularly in the areas of security, cloud/data center, collaboration and annuity services, coupled with a steady focus on managing our cost structure. In the fourth quarter, gross profit increased 6.6%, and we realized an... More