Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
EPLUS INC reported the fourth quarter ended March 31, 2023 results: revenue $492.2 million, net income $32.9 million, EPS $1.23.
- Period
- the fourth quarter ended March 31, 2023
- Revenue
- $492.2 million
- Net income
- $32.9 million
- EPS
- $1.23
- Result
- reported results
Exact text from the filing
Fourth Quarter Fiscal Year 2023 • Net sales increased 9.0% to $492.2 million from last year’s quarter; technology segment net sales increased 15.2% to $483.2 million; service revenues increased 11.5% to $68.7 million. • Technology segment gross billings increased 17.6% to $733.1 million. • Consolidated gross profit increased 14.7% to $132.3 million. • Consolidated gross margin was 26.9%, up 140 basis points. • Net earnings increased 35.5% to $32.9 million. • Adjusted EBITDA increased 22.4% to $48.7 million. • Diluted earnings per share increased 35.2% to $1.23. Non-GAAP diluted earnings per share increased 34.7% to $1.36.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
EPLUS INC reported the fiscal year ended March 31, 2023 results: revenue $2,067.7 million, net income $119.4 million, EPS $4.48.
- Period
- the fiscal year ended March 31, 2023
- Revenue
- $2,067.7 million
- Net income
- $119.4 million
- EPS
- $4.48
- Result
- reported results
Exact text from the filing
Fiscal Year 2023 • Net sales increased 13.5% to $2,067.7 million; technology segment net sales increased 16.3% to $2,015.2 million; service revenues increased 9.9% to $264.4 million. • Technology segment gross billings increased 19.8% to $3,145.9 million. • Consolidated gross profit increased 12.3% to $517.5 million. • Consolidated gross margin was 25.0%, compared with 25.3% last year. • Net earnings increased 13.0% to $119.4 million. • Adjusted EBITDA increased 12.1% to $190.6 million. • Diluted earnings per share increased 14.0% to $4.48. Non-GAAP diluted earnings per share increased 14.4% to $5.02.
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