ePlus Reports First Quarter Fiscal Year 2025 Financial Results
ePlus(PLUS) Prnewswire·2024-08-07 04:05
First Quarter Fiscal Year 2025 Net sales decreased 5.2% to $544.5 million from last year's first quarter; technology business net sales decreased 5.3% to $535.5 million; services revenues increased 15.8% to $78.2 million. Technology business gross billings decreased 1.0% to $833.7 million. Consolidated gross profit decreased 5.5% to $134.5 million. Consolidated gross margin was 24.7% as compared to last year's 24.8%. Net earnings decreased 19.2% to $27.3 million. Adjusted EBITDA decreased 19.9% to $43.1 mil ...