Exhibit 99.1
 
ePlus Reports Third Quarter and Nine Month Financial Results and Announces a 2 for 1 Stock Split

Third Quarter Ended December 31, 2016
·  
Net sales increased 9.4% to $326.7 million; technology segment net sales increased 10.0% to $318.3 million.
·  
Adjusted gross billings of product and services increased 9.8% to $432.4 million.
·  
Gross margin on sales of product and services and consolidated gross margin both expanded 110 basis points to 20.7% and 22.6%, respectively.
·  
Diluted earnings per share increased 29.3% to $1.81.  Non-GAAP diluted earnings per share increased 30.8% to $1.91.

Nine Months Ended December 31, 2016
·  
Net sales increased 10.1% to $996.6 million; technology segment net sales increased 10.9% to $972.5 million.
·  
Adjusted gross billings of product and services increased 13.8% to $1.32 billion.
·  
Gross margin on sales of product and services and consolidated gross margin both increased 80 basis points to 20.5% and 22.4%, respectively.
·  
Diluted earnings per share increased 20.5% to $5.71.  Non-GAAP diluted earnings per share increased 20.7% to $5.90.

HERNDON, VA – February 2, 2017
ePlus inc. (NASDAQ NGS: PLUSnews), a leading provider of technology solutions, today announced financial results for the three and nine months ended December 31, 2016.
Management Comment
"We continue to report sales growth that outpaces the market rate of IT spending by focusing on our key strategic objectives of driving transformative solutions, and producing the best business outcomes for our customers," said Mark Marron, president and chief executive officer.  "The gross margin expansion we experienced in the third quarter was due, in part, to an improved product mix of higher margin products and services, as well as traction with higher margin emerging vendors.  We are pleased that our performance enabled us to report solid earnings growth that exceeded revenue growth, even with the costs of integrating our most recent acquisition and bringing on additional headcount to support future growth.
"Our year-to-date results reflect solid execution on our business plan to drive organic growth through a focus on providing customized solutions that address the most pressing needs of our client base.  In particular, the sales volume of security products and services increased at a double-digit rate in the first nine months of fiscal 2017, and accounted for 16.7% of adjusted gross billings of product and services. Additionally, sales growth benefited from capturing additional IT spend among our larger customers," Mr. Marron noted.

The following information was filed by Eplus Inc (PLUS) on Friday, February 3, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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