---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-23-000063"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:09:46.179602+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ePlus Q1 FY2024 EPS $1.27 (+51.2% YoY), sales $574.2M (+25.3%)

## Summary
- Net sales up 25.3% to $574.2M; tech business sales +26.0% to $565.7M.
- GAAP diluted EPS $1.27 (+51.2%); non-GAAP diluted EPS $1.41 (+42.4%).
- Adjusted EBITDA $53.9M (+40.7%); gross margin flat at 24.8%.
- FY2024 guidance: revenue $2.23B-$2.33B, adj. EBITDA $200M-$215M.
- Acquisitions of Future Com and NSG contributed; headcount up 216 to 1,853.

## SEC filing metadata
- accession: 0001022408-23-000063
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1022408/000102240823000063/0001022408-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000063/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-23-000063
- JSON: https://secwatch.observer/filing/0001022408-23-000063.json
- Plain text: https://secwatch.observer/filing/0001022408-23-000063.txt

## Key facts
- Earnings Releases
  EPLUS INC reported first quarter ended June 30, 2023 results: revenue $574.2 million, net income $33.8 million, EPS $1.27. Guidance initiated.
  - Period: first quarter ended June 30, 2023
  - Revenue: $574.2 million
  - Net income: $33.8 million
  - EPS: $1.27
  - Guidance: initiated
  - Result: reported results
  source text: ePlus Reports First Quarter Fiscal Year 2024 Financial Results EPS increased 51.2% to $1.27; Net Sales up 25.3% to $574.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000063/0001022408-23-000063-index.htm

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