ePlus Announces Third Quarter Fiscal Year 2025 Earnings Release Date and Conference Call
Wednesday, Jan 29, 2025 4:40 pm ET
6min read ePlus inc. (NASDAQ: PLUS), a leading provider of technology and financing solutions, has announced the release date and conference call details for its third quarter fiscal year 2025 earnings. The company will release its financial results for the three and nine months ended December 31, 2024, after market close on February 5, 2025. Management will host a conference call and audio webcast at 4:30 p.m. ET on the same day.
The earnings release and conference call will provide investors and analysts with an update on ePlus' financial performance and strategic initiatives for the quarter. The company has been focusing on building strong services and recurring revenue streams to offset headwinds created by the increase in netted down revenues and ratable recognition of sales. This approach has helped ePlus deliver solutions that customers demand with today's advanced technologies and secure future business opportunities.
In the first quarter of fiscal year 2025, ePlus' managed services revenue increased by 28%, driven by ongoing demand in these offerings, including Enhanced Maintenance Support, Cloud, and Service Desk services. This growth resulted in a 70-bps gross margin improvement. Additionally, professional service revenues increased by 4.8% compared to the previous year, with gross profit increasing by 5.0% and gross margins increasing by 10 bps to 41.5%.
ePlus' focus on services and recurring revenue streams has also helped the company maintain a strong cash position, providing it with the resources to invest in organic growth initiatives, continue its track record of strategic acquisitions, and increase shareholder returns through share repurchases. As of the end of the first quarter, ePlus had a cash position of $350 million.
Despite a hard compare with last year's first quarter growth of 25% due to supply chain easing, ePlus' first quarter net sales were down 5.2% and gross billings were down 1%. Both the revenue and gross billings decline year over year are attributable to a more normalized supply chain, the absorption of prior purchases by customers, product mix, and the ratable trend. However, ePlus' full-year guidance remains unchanged, indicating the company's resilience and confidence in its strategic direction.
In conclusion, ePlus' upcoming earnings release and conference call will provide valuable insights into the company's financial performance and strategic initiatives for the third quarter of fiscal year 2025. The company's focus on services and recurring revenue streams, along with its strong cash position, has contributed to its financial performance and resilience in recent quarters. Investors and analysts will be looking for updates on ePlus' strategic direction and any potential changes to its full-year guidance.
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