ePlus Inc. Reports Strong Q1 2026 Financial Results

Eplus Inc ( (PLUS) ) has released its Q1 earnings. Here is a breakdown of the information Eplus Inc presented to its investors.

ePlus Inc., a leading provider of technology solutions, operates in the technology sector, offering a wide range of services including artificial intelligence, cloud computing, and security solutions. The company recently released its financial results for the first quarter of fiscal year 2026, showcasing significant growth and strategic developments.

In the first quarter, ePlus Inc. reported a 19% increase in consolidated net sales, reaching $637.3 million, driven by higher product and service revenues. The company’s gross billings rose by 14.3% to $952.8 million, while consolidated gross profit increased by 16.8% to $148.2 million. Notably, the services revenue saw a remarkable 48.8% growth, contributing significantly to the overall performance.

The company also announced strategic initiatives, including the sale of its domestic financing business, which positions ePlus as a pure-play technology company. This move is expected to enhance its capital position and flexibility to adapt to market trends. Additionally, ePlus introduced its first-ever quarterly dividend of $0.25 per share and a new stock repurchase program, reflecting its commitment to delivering shareholder value.

Looking ahead, ePlus Inc. is optimistic about its growth prospects, with expectations of upper single-digit growth in net sales and gross profit for fiscal year 2026. The company aims to capitalize on opportunities in AI, cloud, and security services, supported by a strong balance sheet that enables strategic investments and expansion.

Overall, ePlus Inc. is well-positioned for sustainable growth, driven by its strategic focus on key growth areas and its ability to navigate a dynamic market environment. The company’s management remains committed to enhancing shareholder value through organic growth and targeted acquisitions.