secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001022408-23-000058
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240823000058/0001022408-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240823000058/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-23-000058

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