ePlus reported fiscal Q1 net earnings from continuing operations fell 5.4% to USD 30.3 million, with diluted EPS down 4.1% to USD 1.16.
Net sales rose 1% to USD 649.1 million, while gross profit slipped 1.5% to USD 151.3 million.
Gross margin narrowed 0.6 percentage points to 23.3%, while GAAP operating income declined 9.6% to USD 38.8 million.
Management cited product shipment delays and extended lead times tied to an ongoing memory chip shortage, while highlighting managed services’ first USD 50 million revenue quarter.
ePlus reiterated fiscal 2027 guidance for mid-single-digit year-over-year growth in net sales, gross profit and adjusted EBITDA.
PLUS•
