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Sep 30, 2020
ePlus Q2 2021 Earnings Report
Revenue increased due to higher product sales and managed services, but gross profit and earnings decreased.
Key Takeaways
ePlus inc. reported a 5.2% increase in net sales to $433.1 million for the second quarter of fiscal year 2021. Technology segment net sales increased 5.4% to $419.4 million, while service revenues increased 2.8% to $49.4 million. Net earnings decreased 1.3% to $19.8 million, and diluted earnings per share decreased 2.0% to $1.48. Non-GAAP diluted earnings per share decreased 7.2% to $1.68.
Net sales increased by 5.2% to $433.1 million.
Technology segment net sales increased by 5.4% to $419.4 million.
Service revenues increased by 2.8% to $49.4 million.
Net earnings decreased by 1.3% to $19.8 million.
ePlus
ePlus
ePlus Revenue by Segment
Revenue by Segment
Technology Business Revenue
CapyFin.comFinancing Business Revenue
CapyFin.com Forward Guidance
ePlus believes it is well positioned to continue to effectively and efficiently serve its diversified customer base. The portfolio of Technology and Financing businesses represents a competitive advantage for ePlus.
Positive Outlook
- Broad portfolio of products and services directed to high growth areas.
- More streamlined operation.
- Technology and Financing businesses represent a competitive advantage.
- Increase in demand for financing from several customers.
- Strong balance sheet provides capital to invest in organic and inorganic growth opportunities.
Challenges Ahead
- Challenging and uncertain economic periods.
- Customers managing through budgetary constraints.
- Monitoring the landscape for attractive opportunities.
- Difficult business conditions.
- The duration and impact of the COVID-19 pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income