ePlus Raises Fiscal 2027 Growth Guidance After Quarterly Results
Second-quarter net sales rose 9.7% year over year to $667.9 million and net income increased 15.9% to $40.38 million; diluted EPS was unchanged at $1.32. ePlus raised its fiscal 2027 growth outlook to the upper single digits for net sales and gross profit and low double digits for adjusted EBITDA.
ePlus inc. reported a 9.7% year-over-year increase in net sales to $667.9 million for the second quarter of fiscal year 2027, compared to $608.8 million in the prior year's quarter. Net income rose 15.9% to $40.38 million, while diluted earnings per share remained flat at $1.32. The company saw growth in product sales, particularly in cloud, security, and collaboration products, which offset a decline in professional services revenue.
Additionally, ePlus increased its fiscal year 2027 guidance for year-over-year growth to the upper single digits for net sales and gross profit, and low double digits for adjusted EBITDA.