EXHIBIT 99.1


ePlus Reports Third Quarter and First Nine Months Financial Results

--Double-digit Growth Across Key Metrics--

Third Quarter Fiscal Year 2020

  
Net sales increased 24.1% to $429.0 million; technology segment net sales increased 22.7% to $410.6 million; service revenues increased 43.2% to $50.4 million; financing segment net sales increased 67.7% to $18.4 million.
  
Adjusted gross billings increased 22.5% to $586.3 million.
  
Consolidated gross profit increased 25.1% to $103.7 million.
  
Consolidated gross margin was 24.2%, an increase of 20 basis points.
  
Net earnings increased 31.5% to $19.6 million.
  
Adjusted EBITDA increased 24.7% to $31.9 million.
  
Diluted earnings per share increased 32.7% to $1.46. Non-GAAP diluted earnings per share increased 27.1% to $1.64.

First Nine Months Fiscal Year 2020

  
Net sales increased 16.7% to $1,222 million; technology segment net sales increased 15.8% to $1,177 million; service revenues increased 38.0% to $144.3 million; financing segment net sales increased 45.8% to $45.0 million.
  
Adjusted gross billings increased 18.5% to $1,714 million.
  
Consolidated gross profit increased 20.2% to $299.4 million.
  
Consolidated gross margin was 24.5%, an increase of 70 basis points.
  
Net earnings increased 16.0% to $55.8 million.
  
Adjusted EBITDA increased 18.6% to $95.8 million.
  
Diluted earnings per share increased 17.5% to $4.16. Non-GAAP diluted earnings per share increased 19.3% to $4.89.

HERNDON, VA – February 5, 2020 –
ePlus inc. (NASDAQ:PLUS), a leading provider of technology and financing solutions, today announced financial results for the three and nine months ended December 31, 2019.

Management Comment

“ePlus achieved strong double-digit growth across key financial metrics in both the third quarter and first nine months of fiscal 2020, demonstrating the competitive advantages of our portfolio of technology products and services, complemented by our financing capabilities. We continued to gain market share in the third quarter, underscored by 20.3% growth in technology product sales and 43.2% growth in technology services revenue, which combined with strong performance from our financing segment, drove a 31.5% increase in net earnings,” commented Mark Marron, CEO and President of ePlus.

“Growth in gross profit and earnings per share outpaced revenue growth in the third quarter, and consolidated gross margin expanded by 20 basis points to 24.2%.  Our continuing investment in customer-facing professionals supports growth in the high demand areas of cloud, security and digital infrastructure.”


The following information was filed by Eplus Inc (PLUS) on Monday, February 10, 2020 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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