- ePlus press release ( NASDAQ: PLUS ): Q1 Non-GAAP EPS of $0.99 in-line.
- Revenue of $458.36M (+10.0% Y/Y) misses by $9.77M .
- Adjusted gross billings increased 10.9% to $701.9 million.
- Consolidated gross profit increased 7.6% to $113.5 million.
- Consolidated gross margin was 24.8% compared to 25.3% in last year's quarter.
- Adjusted EBITDA remained flat at $38.3 million.
- "Supported by solid growth in our adjusted gross billings and backlog, we continue to see favorable market trends for information technology spending in our fiscal 2023. In this dynamic environment, we remain focused on providing our customers with the integrated services and solutions that help fuel their growth and enhance their efficiency, while managing ever-present cybersecurity risks. Recent investments in our people and in our focus areas are key to driving our growth throughout fiscal 2023 and beyond," commented management.
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ePlus Non-GAAP EPS of $0.99 in-line, revenue of $458.36M misses by $9.77M