EXHIBIT 99.1

CORRECTION - ePlus Reports Third Quarter and Nine Months Financial Results
In a release issued under the same headline yesterday by ePlus inc. (NASDAQ:PLUS), please note that in the first table the cash and cash equivalents amount for March 31, 2018, was reported as $18,198 thousand and should be $118,198 thousand.
In the second table, net sales for the three months ended December 31, 2017, was reported as $334,225 thousand and should be $344,225 thousand. 
The corrected release follows:
ePlus Reports Third Quarter and Nine Months Financial Results
Gross Profit Performance Leads to 22.2% Increase in Operating Income

Third Quarter Ended December 31, 2018

·
Net sales increased 0.4% to $345.7 million; technology segment net sales increased 0.8% to $334.7 million.
·
Adjusted gross billings increased 2.8% to $478.4 million.
·
Consolidated gross profit increased 8.1% to $82.9 million.
·
Consolidated gross margin was 24.0%, an increase of 170 basis points.
·
Net earnings decreased 4.6% to $14.9 million.
·
Adjusted EBITDA increased 17.7% to $25.6 million.
·
Diluted earnings per share decreased 0.9% to $1.10. Non-GAAP diluted earnings per share increased 17.3% to $1.29.

Nine Months Ended December 31, 2018

·
Net sales decreased 3.8% to $1,047.2 million; technology segment net sales decreased 3.5% to $1,016.3 million.
·
Adjusted gross billings decreased 0.7% to $1,446.6 million.
·
Consolidated gross profit increased 3.0% to $249.1 million.
·
Consolidated gross margin was 23.8%, an increase of 160 basis points.
·
Net earnings increased 4.1% to $48.1 million.
·
Adjusted EBITDA increased 1.7% to $80.8 million.
·
Diluted earnings per share increased 7.3% to $3.54. Non-GAAP diluted earnings per share increased 3.0% to $4.10.

HERNDON, VA – February 6, 2019 –
ePlus inc. (NASDAQ:PLUS), a leading provider of technology solutions, today announced financial results for the three and nine months ended December 31, 2018.

Management Comment

“Third quarter operating income increased 22.2%, driven by an 8.1% increase in gross profit and gross margin expansion of 170 basis points,” said Mark Marron, president and chief executive officer.  “We experienced a favorable mix of products and services in high growth areas of the market such as digital, cloud and security solutions areas, and managed our cost structure, while continuing to invest to support future growth.  Our strategy to specialize in those solutions that are critical to our customers’ needs has yielded positive results.  Adjusted gross billings of security solutions increased by 23.6% in the third quarter from year-ago levels and represented 19.9% of our adjusted gross billings for the trailing twelve months.  We expect security to remain a strong driver of growth.

“In mid-January, we completed the acquisition of SLAIT Consulting, LLC, which extends our geographic reach and deepens our presence in central and Tidewater Virginia, a fast-growing corridor in the mid-Atlantic.  The acquisition has added to our portfolio of service offerings, especially in security consulting and security managed services, and has brought additional helpdesk services.  SLAIT also has broadened our customer roster to include the Commonwealth of Virginia and 5 out of 7 of its top public universities, a multinational IT services provider, and several enterprise healthcare organizations. We are pleased to welcome SLAIT to the team,” Mr. Marron noted.


The following information was filed by Eplus Inc (PLUS) on Thursday, February 7, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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