ePlus reports Q2 non-GAAP EPS $1.53 vs. 94c last year

Reports Q2 revenue $608.8M vs. $493.4M last year. “FY26 is off to a very strong start as the strength from the first quarter carried into the second quarter, with net sales growing 23.4% and diluted EPS increasing almost 63%. This quarter marks an important milestone for ePlus (PLUS), as we posted quarterly gross billings exceeding $1B for the first time in our history. Our second-quarter performance reflects steady progress in executing our strategic priorities as we reported double-digit growth in key financial metrics: revenue, gross profit, net earnings from continuing operations, Adjusted EBITDA and EPS,” commented Mark Marron, CEO. “Our results highlight the strength and resiliency of our business. We continue to build momentum across our diversified end markets while maintaining disciplined cost management. We ended the quarter with a cash position of $402M, enabling both organic growth and M&A activity. We completed the acquisition of certain assets of Realwave in the quarter to further enhance our AI capabilities, in line with our strategy to invest in fast growing categories including cybersecurity, networking, AI and cloud. Furthermore, our teams are executing on our long-term plan, focused on services, value-added solutions, stable growth, and financial discipline”.