AcquisitionThe acquisition enhances ePlus's AI-driven solutions and services portfolio with advanced capabilities.
Financial PerformanceRevenue increased 19% year-over-year, adjusted EPS increased 24.8% year-over-year, and gross billings hit an all-time high of $953 million as large enterprises resumed spending and demand stayed strong across AI, security, data center, and cloud offerings.
Stock Buyback ProgramWith the largest cash position in the history of the company, the board approved a new stock buyback program of up to 1.5 million shares, ePlus is initiating a new dividend, and management remains open to strategic M&A, especially in areas that expand services growth.