ePlus inc. ($PLUS) Q4 2023 Earnings Call Summary

ePlus inc. ($PLUS) Q4 2023 Earnings Call Summary

Posted: 1 week, 2 days ago // May 25, 2023 11:19 a.m. UTC

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.

Relevant tickers: PLUS