EXHIBIT 99.1

ePlus Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Full Year Consolidated Gross Margin Increased 130-basis points to 24.1%

Fourth Quarter Ended March 31, 2019

·  
Net sales decreased 1.3% to $325.4 million; service revenues increased 22.8% to $45.0 million; technology segment net sales decreased 1.9% to $313.2 million.
·  
Adjusted gross billings increased 6.8% to $472.4 million.
·  
Consolidated gross profit decreased 0.4% to $81.3 million.
·  
Consolidated gross margin was 25.0%, an increase of 30 basis points.
·  
Net earnings increased 69.2% to $15.1 million.
·  
Adjusted EBITDA decreased 16.0% to $19.6 million.
·  
Diluted earnings per share increased 72.3% to $1.12. Non-GAAP diluted earnings per share decreased 2.8% to $1.03.

Fiscal Year Ended March 31, 2019

·  
Net sales decreased 3.3% to $1,372.7 million; service revenues increased 15.4% to $149.5 million; technology segment net sales decreased 3.2% to $1,329.5 million.
·  
Adjusted gross billings increased 1.0% to $1,919.0 million.
·  
Consolidated gross profit increased 2.1% to $330.4 million.
·  
Consolidated gross margin was 24.1%, an increase of 130 basis points.
·  
Net earnings increased 14.6% to $63.2 million.
·  
Adjusted EBITDA decreased 2.3% to $100.4 million.
·  
Diluted earnings per share increased 17.7% to $4.65. Non-GAAP diluted earnings per share increased 1.6% to $5.12.

HERNDON, VA – May 22, 2019 – ePlus inc. (NASDAQ:PLUS), a leading provider of technology solutions, today announced financial results for the three months and fiscal year ended March 31, 2019.

Management Comment

“Strong growth in adjusted gross billings and an industry-leading gross margin of 25% were the highlights of this year’s fourth quarter.  While product mix was not optimal and impacted gross profit in the fourth quarter, we closed the fiscal year well positioned for future growth in our key solution areas of cloud, security, and digital infrastructure.  We also continue to build an annuity-quality revenue base to support consistent revenue growth,” said Mark Marron, President and Chief Executive Officer.

“For fiscal 2019, consolidated gross margin increased 130-basis points to 24.1%, primarily reflecting a 15.4% increase in higher-margin services revenues, which accounted for 10.9% of total annual revenue. Services have increased at a CAGR of 24% over the last three years, reflecting the success of our strategy to provide innovative IT solutions to middle market and enterprise customers.

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The following information was filed by Eplus Inc (PLUS) on Wednesday, May 29, 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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