---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-22-000035"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T00:31:52.967145+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ePlus Q2 net sales up 7.8% to $493.7M; diluted EPS down 8.5% to $1.07

## Summary
- Net sales $493.7M (+7.8% YoY); technology segment net sales $471.5M (+8.1%).
- Diluted EPS $1.07 (down 8.5%); Non-GAAP diluted EPS $1.29 (down 0.8%).
- Adjusted EBITDA $50.3M (up 0.2%); gross profit $133.3M (+8.4%).
- Inventory up 77.3% from March 2022 due to supply chain constraints; headcount +175 to 1,729.
- Foreign currency translation losses of $3.9M in the quarter.

## SEC filing metadata
- accession: 0001022408-22-000035
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022408/000102240822000035/0001022408-22-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240822000035/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-22-000035
- JSON: https://secwatch.observer/filing/0001022408-22-000035.json
- Plain text: https://secwatch.observer/filing/0001022408-22-000035.txt

## Key facts
- Earnings Releases
  EPLUS INC reported six months ended September 30, 2022 results: revenue $952.1 million, net income $50.8 million, EPS $1.91.
  - Period: six months ended September 30, 2022
  - Revenue: $952.1 million
  - Net income: $50.8 million
  - EPS: $1.91
  - Result: reported results
  source text: • Diluted earnings per share decreased 8.5% to $1.07. Non-GAAP diluted earnings per share decreased 0.8% to $1.29. First Half Fiscal Year 2023 • Net sales increased 8.8% to $952.1 million; technology segment net sales increased 10.0% to $920.3 million; service revenues increased 10.2% to $128.3 million. • Adjusted gross billings increased 13.2% to $1,467.7
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240822000035/0001022408-22-000035-index.htm
- Earnings Releases
  EPLUS INC reported three months ended September 30, 2022 results: revenue $493.7 million, net income $28.5 million, EPS $1.07.
  - Period: three months ended September 30, 2022
  - Revenue: $493.7 million
  - Net income: $28.5 million
  - EPS: $1.07
  - Result: reported results
  source text: 99.1 ePlus Reports Second Quarter and First Half Financial Results - Broad-Based Demand Drives 8% Sales Growth - Second Quarter Fiscal Year 2023 • Net sales increased 7.8% to $493.7 million; technology segment net sales increased 8.1% to $471.5 million; service revenues increased 7.1% to $65.2 million. • Adjusted gross billings increased 15.3% to $765.8 million. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240822000035/0001022408-22-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.