Here is a summary of ePlus inc.'s Q4 2023 earnings call, which took place on May 24:
- ePlus achieved solid financial growth in fiscal 2023.
- The company made significant investments in their team to capture future growth opportunities.
- ePlus focuses on higher-value and higher-growth solution areas.
- Managed services created desirable annuity-like revenue streams.
- Security remains a key growth driver of the overall business.
- ePlus acquired the Network Solutions Group to expand their presence in the telecom market.
- ePlus brought to market a number of internally developed and cost-effective solutions.
- ePlus believes they are well positioned in the IT market to provide recession-resilient solutions.
- The company was able to deliver innovative solutions despite supply chain constraints.
- ePlus saw net sales of $733.1 million in Q4 2023, a 17.6% increase YoY.
This is an AI generated summary. There may be inaccuracies.
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