ePlus Inc. reported its financial results for the fiscal year ending March 31, 2025, revealing a total revenue of $2.07 billion, a decrease of 7.1% from $2.23 billion in the previous year. The decline was primarily attributed to a significant drop in product sales, which fell by 14.6% to $1.61 billion, while professional services and managed services segments saw increases of 48.2% and 24.6%, respectively. Gross profit for the year increased to $569.1 million, up from $550.8 million, resulting in a gross margin of 27.5%, compared to 24.8% in the prior year.
The company experienced a notable shift in its revenue composition, with technology business segments accounting for 97% of net sales, while the financing segment contributed 3%. ePlus's customer base expanded to approximately 4,600, with significant sales to sectors such as telecommunications, media, and entertainment, which represented 23% of total revenue. The company also reported a 15.7% increase in employee headcount, totaling 2,199, largely due to the acquisition of Bailiwick Services, LLC in August 2024.
In terms of operational metrics, ePlus's gross billings for the year were $3.28 billion, a slight decrease from $3.33 billion in the previous year. The company noted that its financing business segment saw a 20.7% increase in net sales, reaching $59.6 million, driven by higher portfolio earnings and transactional gains. However, post-contract earnings decreased, reflecting challenges in the market.
Looking ahead, ePlus expressed cautious optimism, emphasizing its commitment to innovation and adaptation in response to evolving market conditions, particularly in areas such as artificial intelligence and cloud solutions. The company plans to continue investing in its technology and service offerings while navigating potential economic uncertainties, including inflation and changes in government spending. The management remains focused on enhancing customer relationships and expanding its service capabilities to drive future growth.
About EPLUS INC
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