ePlus Reports First Quarter Financial Results
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ePlus (PLUS) Tops Q1 EPS by 17c
August 5, 2020 5:49 PM EDTePlus (NASDAQ: PLUS) reported Q1 EPS of $1.30, $0.17 better than the analyst estimate of $1.13. Revenue for the quarter came in at $355 million versus the consensus estimate of $355.46 million.
Our business performed well across key profitability metrics in the first quarter of fiscal 2020 as we worked closely with customers to support their evolving IT product and service needs during these challenging times. Adjusted gross billings held steady, and gross profit increased 6.4% as consolidated gross margin increased to 27.8%. Diluted earnings per share grew 8.3%. Our performance reflected a favorable mix as higher margin services revenue grew 4.4%,... More
