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Dec 31, 2019
ePlus Q3 2020 Earnings Report
Achieved double-digit growth across key metrics.
Key Takeaways
ePlus reported strong double-digit growth across key financial metrics in Q3 2020, driven by its portfolio of technology products and services, and financing capabilities. Net sales increased by 24.1% to $429.0 million, and net earnings increased by 31.5% to $19.6 million.
Net sales increased 24.1% to $429.0 million.
Technology segment net sales increased 22.7% to $410.6 million.
Service revenues increased 43.2% to $50.4 million.
Net earnings increased 31.5% to $19.6 million.
Forward Guidance
Year-to-date results set the stage for fiscal 2020 to be a year of significant growth for ePlus, driven by our ability to capture demand from our growing base of mid-market and enterprise customers for complex solutions that optimize and protect their IT initiatives.
Positive Outlook
- Ability to capture demand from growing customer base
- Focus on complex solutions
- Solutions optimize IT initiatives
- Solutions protect IT initiatives
- Successful integration of ABS Technology acquisition
Historical Earnings Impact
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Avg. Return Before/After Earnings
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