ePlus Beats Estimates, Declares Dividend Amid Tech Transformation

In a significant development, ePlus Inc. (NASDAQ:PLUS) has announced its financial results for the fiscal first quarter of 2026, showcasing impressive growth and strategic shifts. The company reported revenue of $637.32 million, reflecting a 17.04% increase year-over-year and exceeding consensus estimates by $120.62 million. Additionally, ePlus' earnings per share (EPS) of $1.26 surpassed expectations by $0.16.

This strong performance was driven by higher product sales and a major growth in services revenue, as the company continues to transform its business. Notably, ePlus' gross bookings rose 14.3% to $952.8 million, while its gross profit grew 16.8% to reach $148.2 million.

Alongside its financial results, ePlus announced a significant strategic shift. The company has sold its domestic financing business to focus solely on its technology solutions and services. This move has strengthened ePlus' capital position and allowed the company to declare its first-ever quarterly dividend of $0.25 per share. Furthermore, ePlus has authorized a share repurchase program for up to 1.5 million shares, further demonstrating its confidence in the company's future.

ePlus provides a range of transformative technology solutions, including offerings in artificial intelligence, security, cloud, data center, networking, and collaboration. With its enhanced focus on these high-growth areas, ePlus is well-positioned to capitalize on the evolving technology landscape and deliver value to its shareholders.