ePlus Q1 net sales $416.6M (+17.4%), diluted EPS $1.75 (+34.6%)

EPLUS INC

2022-Q1 EPS reported $1.75 revenue$416,649,000

Net sales rose 17.4% to $416.6M; Technology segment sales up 17.3% to $400.4M.
Diluted EPS $1.75 vs $1.30; non-GAAP diluted EPS $1.96 vs $1.51.
Gross margin compressed to 25.3% from 27.8%; adjusted EBITDA up 24.6% to $38.3M.
Management notes strong demand but monitors IT supply chain shortages as potential headwind.

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