EXHIBIT 99.1
 

ePlus Reports Third Quarter and Nine Month Financial Results

Third Quarter Ended December 31, 2017

·
Consolidated net sales increased 4.9% to $342.6 million.
·
Technology segment net sales increased 4.5% to $332.6 million; financing segment net sales increased 19.0% to $9.9 million.
·
Technology segment adjusted gross billings of product and services increased 7.3% to $464.1 million.
·
Consolidated gross profit increased 3.9% to $76.7 million; consolidated gross margin decreased 20 basis points to 22.4%.
·
Net earnings increased 23.5% to $15.6 million.
·
Adjusted EBITDA decreased 16.9% to $19.3 million.
·
Diluted earnings per share increased 22.0% to $1.11. Non-GAAP diluted earnings per share decreased 13.4% to $0.97.

Nine Months Ended December 31, 2017

·
Consolidated net sales increased 8.4% to $1,080.6 million.
·
Technology segment net sales increased 7.9% to $1,049.5 million; financing segment net sales increased 28.7% to $31.1 million.
·
Technology segment adjusted gross billings of product and services increased 10.0% to $1,449.4 million.
·
Consolidated gross profit increased 8.3% to $241.9 million; consolidated gross margin was 22.4%, consistent with last year.
·
Net earnings increased 15.4% to $46.2 million.
·
Adjusted EBITDA increased 0.6% to $72.8 million.
·
Diluted earnings per share increased 15.4% to $3.30. Non-GAAP diluted earnings per share increased 0.6% to $3.14.

HERNDON, VA – February 7, 2018 –
ePlus inc. (NASDAQ:PLUS - news), a leading provider of technology solutions, today announced financial results for the three and nine months ended December 31, 2017.

Management Comment

"In our third quarter, we achieved solid year-on-year growth in revenue, adjusted gross billings of products and services, and gross profit, due in part to our continued focus on high value solutions that help drive our customers' IT transformation.  The expansion of our cloud solution offerings, including the acquisitions of OneCloud and IDS, has positioned ePlus as a valued partner for our customers' multi-cloud environments," stated Mark Marron, president and chief executive officer..  "In addition, security remains a critical customer priority, as our year-to-date sales of security solutions increased at a double-digit rate and accounted for 17.6% of year-to-date adjusted gross billings, up from 16.7% in the same period last year."

1

The following information was filed by Eplus Inc (PLUS) on Thursday, February 8, 2018 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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