ePlus splits technology segment into product, professional, and managed services for reporting

EPLUS INC

New segments effective Q1 FY2024 (quarter ended June 30, 2023): product, professional services, managed services, plus financing.
FY2023 recast tech revenue $2,015M (product $1,751M, professional $152M, managed $113M); financing $52M.
FY2023 recast tech gross profit $474M (product $381M, professional $62M, managed $32M); financing $43M.
Recast historical quarterly data for FY2022 and FY2023 provided in Exhibit 99.1; no restatement of prior consolidated statements.
Change aims to better manage and allocate resources; professional and managed services are key growth areas.

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