HERNDON, Va., Jan. 7, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ: PLUS) (news) today announced that Melissa Ballenger, Adjunct Professor at the Raymond A. Mason School of Business at William & Mary, has been appointed as a member of its Board of Directors. Ms. Ballenger has also been appointed as a member of the Audit Committee of the ePlus Board of Directors.

From 2020 to 2023, Ms. Ballenger served as the Chief Financial Officer of Mosaic, a financial technology platform for sustainable home improvements. From 2019 to 2020 she served as the Chief Financial Officer of Cross River Bank, a leader in innovative financial technology products services. Ms. Ballenger served as a public-company finance executive from 2003 through 2019, including Chief Financial Officer roles at the global firms State Street (EMEA), Santander and TD.

As-a-Service Artificial Intelligence solution helps support GenAI use cases by building a business proof of concept for transformation and speeding AI adoption

HERNDON, Va., Dec. 17, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced its Secure GenAI Accelerator offering. Part of the ePlus AI Ignite portfolio, this hosted proof of concept (POC) engagement allows organizations to test a private Generative AI (GenAI) chatbot to explore and refine ideas, use metrics to identify key insights, and make informed decisions to facilitate adopting GenAI quickly and securely.

HERNDON, Va., Dec. 4, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has successfully achieved its multi-site ISO 9001 recertification for another three years, covering calendar years 2025 to 2028.

The new ISO 9001 recertification includes ePlus' U.S.-based configuration centers which include central functions such as procurement, order processing, warehouse and logistics, multi-vendor integration, competence and training, internal audit, and administration and improvement of its Quality Management System (QMS). The ISO 9001 also establishes the criteria for ePlus' QMS as measured against principles that include a strong customer focus, top management involvement, and a process-driven approach with an emphasis on continuous improvement.

Second Quarter Gross Profit And Gross Margin Improved Year Over Year

Second Quarter Fiscal Year 2025

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Net sales decreased 12.3% to $515.2 million; technology business net sales decreased 13.8% to $493.3 million; service revenues increased 46.0% to $103.7 million.

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Technology business gross billings decreased 5.6% to $808.2 million.

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Consolidated gross profit increased 2.5% to $148.0 million.

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Consolidated gross margin was 28.7%, compared with 24.6% last year.

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Net earnings decreased 4.1% to $31.3 million.

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Adjusted EBITDA decreased 2.7% to $52.1 million.

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Diluted earnings per share decreased 4.1% to $1.17. Non-GAAP diluted earnings per share decreased 2.9% to $1.36.

HERNDON, Va., Nov. 8, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on November 12, 2024, it will release earnings and host a conference call regarding its financial results for the three and six months ended September 30, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET.

Cutting Edge Technology Center Demonstrates Building and Consuming AI Use Cases

HERNDON, Va., Nov. 7, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) and Digital Realty today jointly announced a partnership to launch a state-of-the-art AI Experience Center to be hosted in Digital Realty's Innovation Lab located in Ashburn, VA. As one of only 10 NVIDIA DGX-ready managed service providers (MSP) globally, ePlus focuses on accelerating the delivery of AI outcomes, as well as the ongoing optimization of those technologies, which are on full display in the AI Experience Center. Digital Realty is a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and ePlus is a leading technology provider whose AI Ignite portfolio helps organizations unlock the full potential of AI to drive meaningful business outcomes.

HERNDON, Va., Nov. 4, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has been recognized with five partner awards at the 2024 Cisco Partner Summit, including Global Mass Scale Infrastructure Partner of the Year, Americas Mass Scale Infrastructure Partner of the Year, U.S. East Collaboration Partner of the Year, U.S. East Software Partner of the Year and U.S. Northeast Partner of the Year. Cisco Partner Awards recognize top-performing partners demonstrating service excellence and innovation in delivering solutions that help its customers succeed.

Acquisition strengthens ePlus Services portfolio across North America

HERNDON, Va., Aug. 20, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its subsidiary, ePlus Technology, inc., has acquired Bailiwick Services, LLC (Bailiwick). Based near Minneapolis, Bailiwick is a highly-skilled provider of professional and managed services with nearly 30 years in the business. Bailiwick specializes in serving enterprise customers that operate large store, branch, and campus footprints predominantly in the retail, financial services, restaurant, and hospitality vertical markets.

HERNDON, Va., Aug. 13, 2024 /PRNewswire/ -- ePlus Technology inc and IGXGlobal UK Limited, a wholly owned subsidiary of ePlus inc, (NASDAQ NGS: PLUS – news), today announced that both organizations have successfully achieved renewal of the Cisco Environmental Sustainability Specialization.

The distinction indicates that ePlus and IGXGlobal have successfully demonstrated a level of knowledge that will enable them to provide education and resources to assist their customers in operationalizing environmental sustainability practices through technology reuse and recycling.