Key Highlights

  • First-quarter fiscal 2027 net sales were US$649.1 million, up 1.0%, with diluted EPS of US$1.16 against US$1.21.
  • Security sales rose 28.1% while cloud sales fell 12.7%.
  • ePlus reiterated fiscal 2027 guidance for mid-single-digit growth in net sales, Gross Profit and adjusted EBITDA.

A quiet week for results

ePlus inc. (NASDAQ:PLUS) has not announced new results this week, so this article reviews the latest reported results, dated 4 August 2026, and recent Business news.

First-quarter fiscal 2027 results

For the quarter ended 30 June 2026, ePlus reported net sales of US$649.1 million, up 1.0%. Gross profit fell 1.5% to US$151.3 million, and gross Margin eased to 23.3% from 23.9%. Net Earnings from continuing operations were US$30.3 million, down 5.4%, equal to Diluted Earnings per Share of US$1.16 against US$1.21 a year earlier.

Adjusted EBITDA, a non-GAAP measure, was US$47.8 million, down 9.2%, and non-GAAP diluted earnings per share were US$1.28 against US$1.41. Gross billings were US$957.1 million, up 0.5%.

Mix beneath the headline

Product net sales were US$529.6 million, up 0.6%, with security sales rising 28.1% and cloud falling 12.7%. Professional services sales fell 5.1% to US$68.1 million, at a 36.9% gross margin. Managed services sales rose 15.1% to US$51.3 million, at a 29.4% gross margin.

On gross billings, security grew 15.6% while cloud fell 7.4%. The split matters because professional services, the highest-margin line at 36.9%, shrank while overall gross margin slipped. Product sales, which make up most of net sales, carried a lower gross margin of 21.0%, so mix alone can move the blended figure. Management cited an increase in booked and open orders but did not disclose a Backlog figure.

Cash, Buybacks and guidance

Cash was US$448.9 million, up from US$410.8 million at 31 March 2026. The only financing-related Liability listed in the release was floor plan Accounts Payable of US$112.5 million. The board approved a new repurchase programme of up to 1.5 million shares over twelve months from 11 August 2026, replacing the programme expiring on 10 August. Treasury stock rose to 1,771 thousand shares in the quarter, at a cost of US$127.1 million compared with US$101.9 million previously, and a quarterly Dividend of US$0.27 per share was payable on 16 September 2026.

ePlus reiterated its fiscal 2027 guidance for mid-single-digit year-on-year growth in net sales, gross profit and adjusted EBITDA. That is a management expectation, not a result. The first-quarter figures sit below that range on net sales, gross profit and adjusted EBITDA alike. With first-quarter net sales growth of 1.0% and an EBITDA decline, later quarters would need to run faster to meet it.

Recent business news

ePlus acquired the Assets of Daymark Solutions on 24 August 2026 to expand its cloud services and Northeast presence, and reached Ambassador status, the highest partner tier, with Everpure on 2 September 2026. It was also named NetApp's North America Flash Partner of the Year for NetApp's fiscal 2026. None of these items has been quantified.

What to watch

The next results are expected around 9 November 2026, although the company has not yet confirmed that date. Points to follow include whether net sales and adjusted EBITDA growth both accelerate, whether gross margin recovers towards the 23.9% of a year earlier, how security and managed services develop relative to cloud, and whether the new buyback programme is used alongside the dividend.