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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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