ePlus reports Q2 non-GAAP EPS $1.36, consensus $1.39

Reports Q2 revenue $515.2M, consensus $576.5M. “Our results in the Q2 reflect the ongoing evolution of the industry towards ratable and subscription revenue models and slower product sales, partially offset by the continued strength of our services-led approach,” said Mark Marron, president and CEO of ePlus (PLUS). “Notably, we experienced a year on year increase in gross profit and gross margin on lower gross billings and net sales, driven by higher margin services revenues, which increased 46%, and strong financing revenues.”