ePlus, Inc. (PLUS) Misses Q4 EPS by 1c

ePlus, Inc. (NASDAQ: PLUS) reported Q4 EPS of $1.03, $0.01 worse than the analyst estimate of $1.04. Revenue for the quarter came in at $269.9 million versus the consensus estimate of $258.35 million.

Executive commentary on guidance: Fiscal 2014 was another year of solid performance for ePlus and has set the stage for continued growth and progress. Ongoing investments to expand our engineering capabilities and headcount and increase our sales and marketing personnel and programs, we believe should enable us to continue to grow revenues at a faster pace than the overall IT market and to continue to post significant year-over-year increases in services revenues. We believe that we are competitively well-positioned to achieve organic growth by providing complex IT solutions to a diversified and expanding roster of over 2,800 customers, and that there will be significant opportunities ahead to make accretive acquisitions designed to further broaden our customer base and capabilities, and build out the geographic coverage of our national footprint.

For earnings history and earnings-related data on ePlus, Inc. (PLUS) click here.

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