ePlus inc. (PLUS) Bundle
A Brief History of ePlus inc. (PLUS)
Founding and Early Years
Founding and Early Years
ePlus inc. was founded in 1990 by Mark E. W. W. D. D. N. F. F. G. G. K. K. R. R. M. M. N. N. M. in Herndon, Virginia. The company initially focused on providing IT asset management solutions. By 1998, ePlus had gone public, trading its stock under the symbol PLUS.
Growth and Expansion
Through the early 2000s, ePlus expanded its portfolio by acquiring various technology companies and diversifying its offerings. Significant acquisitions included:
- In 2008, ePlus acquired the assets of a managed services provider.
- In 2010, the company expanded its partnerships with Cisco Systems and IBM.
- In 2011, ePlus acquired certain assets of TeraCloud, enhancing its cloud solutions capabilities.
Financial Performance
As of the fiscal year ending March 31, 2023, ePlus reported the following financial data:
| Metric | 2023 Value | 2022 Value |
|---|---|---|
| Total Revenue | $1.09 billion | $1.03 billion |
| Net Income | $64.5 million | $59.1 million |
| Total Assets | $630.7 million | $579.2 million |
| Shareholders' Equity | $352.1 million | $301.7 million |
| Earnings Per Share (EPS) | $3.57 | $3.31 |
Stock Performance
On August 4, 2023, ePlus inc. had a stock price of approximately $36.45. Over the past five years, the stock price has fluctuated, with a low of $24.40 in March 2020 and a high of $44.50 in June 2021.
Market Presence
ePlus operates in the U.S. and serves various sectors including education, healthcare, and government. The company provides services in IT asset management, cloud solutions, and procurement.
Recent Developments
In 2022, ePlus launched new services focused on AI-driven analytics for cloud infrastructure. The company invested approximately $10 million in research and development that year.
Corporate Structure
As of 2023, ePlus employs approximately 1,200 individuals. The company is organized into several divisions including:
- Technology Solutions
- Cloud Solutions
- Managed Services
- Procurement Services
Industry Recognitions
ePlus has received multiple awards for its performance and innovation, including:
- 2023 CRN Tech Innovator Award
- 2022 Washington Business Journal’s Best Places to Work
- 2021 Managed Services Provider 500 list by CRN
Future Outlook
ePlus aims to continue expanding its cloud services and managing IT assets in response to growing market demands. The company is focusing on strategic partnerships and leveraging AI technologies to enhance service offerings.
A Who Owns ePlus inc. (PLUS)
Shareholder Composition
The ownership structure of ePlus inc. (PLUS) can be broken down by various classes of shareholders, including institutional investors, retail investors, and company executives. As of the last available data, the following shareholders hold significant percentages of the company:
| Shareholder Type | Percentage Ownership | Number of Shares |
|---|---|---|
| Institutional Investors | 87% | 3,500,000 |
| Insider Ownership | 8% | 320,000 |
| Retail Investors | 5% | 200,000 |
Top Institutional Shareholders
Institutional investors play a crucial role in the ownership of ePlus inc. The following table lists the top institutional shareholders along with their respective ownership percentages:
| Institution | Ownership (%) | Shares Owned |
|---|---|---|
| The Vanguard Group, Inc. | 15.4% | 620,000 |
| BlackRock, Inc. | 12.7% | 510,000 |
| Dimensional Fund Advisors LP | 8.9% | 360,000 |
| Wellington Management Co. LLP | 7.5% | 300,000 |
| State Street Corporation | 6.3% | 250,000 |
Executive Ownership
Executives at ePlus inc. hold a notable portion of shares, which aligns their interests with those of the company. Below is a summary of the executive shareholdings:
| Executive | Position | Shares Owned |
|---|---|---|
| Mark J. McJunkin | CEO | 150,000 |
| Daniel H. McCarthy | CFO | 75,000 |
| Linda K. McCarthy | COO | 50,000 |
Recent Stock Performance
As of the end of the last fiscal quarter, ePlus inc. (PLUS) had the following financial metrics:
- Current Share Price: $30.45
- Market Capitalization: $400 million
- 52-week Range: $25.00 - $35.00
- Price-to-Earnings (P/E) Ratio: 18.5
Ownership Changes
In the past year, ePlus inc. has witnessed changes in its ownership structure as follows:
| Period | Change in Institutional Ownership (%) | Notable Transactions |
|---|---|---|
| Q1 2023 | +2.0% | Increased stake by BlackRock |
| Q2 2023 | -1.5% | Vanguard reduced its holdings |
| Q3 2023 | +1.7% | Wellington Management acquired shares |
ePlus inc. (PLUS) Mission Statement
Core Values
ePlus inc. operates with a commitment to delivering innovative technology solutions while maintaining a strong corporate integrity. The following core values emphasize the foundation on which the company's mission is built:
- Integrity in business practices
- Innovation as a driving force
- Customer-centric approach
- Commitment to excellence
- Teamwork and collaboration
Mission Statement
The mission of ePlus inc. is to be a trusted partner to organizations in their pursuit of technology solutions that enhance their productivity and drive efficiency. The company aims to provide comprehensive IT solutions that include:
- Hardware and software procurement
- Cloud solutions
- IT lifecycle management
- Consulting services
- Cybersecurity solutions
Recent Financial Performance
As of the fiscal year ended March 31, 2023, ePlus achieved the following financial metrics:
| Metric | Value |
|---|---|
| Revenue | $1.21 billion |
| Gross Profit | $244 million |
| Net Income | $49 million |
| Total Assets | $451 million |
| Shareholder Equity | $253 million |
Strategic Objectives
ePlus has outlined several strategic objectives that align with its mission statement:
- Enhance customer satisfaction to achieve a 95% satisfaction rate.
- Expand cloud solution offerings to increase cloud services revenue by 20% annually.
- Invest in cybersecurity technology to increase that service segment by 15%.
- Promote sustainability in technology procurement and operations.
Market Position and Competitive Advantage
ePlus inc. focuses on maintaining a strong market position through:
- Robust partnerships with leading technology vendors, such as Cisco and Microsoft.
- Wide-ranging expertise in complex IT solutions.
- Seamless customer support and service delivery.
- Innovative approaches to IT financing options.
Employee Engagement
ePlus believes that employee engagement is crucial for achieving its mission. Key statistics regarding employee engagement include:
| Metric | Value |
|---|---|
| Employee Satisfaction Rate | 88% |
| Employee Retention Rate | 92% |
| Training Investment per Employee | $1,200 |
| Number of Training Programs Offered | 15 |
| Diversity and Inclusion Index | 75% |
Community Involvement
ePlus inc. is dedicated to giving back to the community, demonstrated by various initiatives including:
- Annual contributions of over $1 million to educational programs.
- Partnerships with local charities and non-profits.
- Employee volunteer programs with over 1,500 hours logged annually.
- Commitment to sustainable practices in local communities.
How ePlus Inc. (PLUS) Works
Company Overview
ePlus Inc. (NASDAQ: PLUS) specializes in technology solutions and services, focusing on providing IT solutions, financing options, and managed services to businesses. As of fiscal year 2023, ePlus reported a total revenue of $1.2 billion.
Business Model
ePlus operates through several segments, including:
- Technology Solutions
- Financing
- Managed Services
Revenue Breakdown
For the fiscal year 2023, the revenue segments contributed as follows:
| Segment | Revenue ($ million) | Percentage of Total Revenue (%) |
|---|---|---|
| Technology Solutions | 950 | 79.2 |
| Financing | 150 | 12.5 |
| Managed Services | 100 | 8.3 |
Financial Performance
As per the latest available information as of Q2 2023, ePlus reported:
- Net Income: $45 million
- Earnings Per Share (EPS): $1.50
- Total Assets: $600 million
- Total Liabilities: $350 million
Market Positioning
ePlus targets various sectors with its solutions, including:
- Healthcare
- Education
- Government
- Financial Services
Client Base
As of 2023, ePlus collaborates with more than 7,500 clients across various industries, providing tailored IT solutions and services.
Stock Performance
As of October 2023, ePlus Inc. shares were trading at around $42.50, with a market capitalization of approximately $1.3 billion.
Growth Strategy
ePlus focuses on several growth strategies, including:
- Expanding its product portfolio
- Enhancing customer engagement
- Acquisitions and partnerships
Recent Developments
In 2023, ePlus announced a strategic partnership with a major cloud service provider to enhance their managed services offering, which is expected to drive an additional $20 million in annual revenue.
Sustainability Initiatives
ePlus has committed to reducing its carbon emissions by 30% by 2025 through various green technology solutions.
How ePlus inc. (PLUS) Makes Money
Business Overview
Business Overview
ePlus inc. (PLUS) is a technology company that provides IT products, services, and solutions. The company generates revenue primarily through selling hardware, software, and IT services to a variety of sectors including government, education, and commercial enterprises.
Revenue Streams
ePlus generates income through multiple channels:
- Product Sales: Revenue from the sale of technology products.
- Services: Income from IT services, including consulting, support, and maintenance.
- Leasing: Revenue from equipment leasing options offered to clients.
- Managed Services: Ongoing income from the management of customer IT infrastructure.
Financial Performance
For the fiscal year ended March 31, 2023, ePlus reported the following:
| Metric | Amount (in millions) |
|---|---|
| Total Revenue | $1,035 |
| Net Income | $60 |
| Gross Profit | $272 |
| Operating Income | $72 |
| Earnings Per Share (EPS) | $3.50 |
Product Sales Revenue
Product sales account for a significant portion of ePlus's revenue. In the fiscal year 2023:
| Product Category | Revenue (in millions) |
|---|---|
| Hardware | $600 |
| Software | $300 |
| Other Products | $135 |
Service Revenue
Service revenues have also shown growth. For the fiscal year 2023:
| Service Category | Revenue (in millions) |
|---|---|
| Consulting | $40 |
| Support and Maintenance | $50 |
| Managed Services | $30 |
Geographic Revenue Distribution
The company has a diverse client base across various regions. For fiscal year 2023, the geographic breakdown was:
| Region | Revenue (in millions) |
|---|---|
| North America | $900 |
| International | $135 |
Growth Strategies
ePlus employs various strategies to enhance its revenue:
- Expanding Product Offerings: Continuously updating and expanding its range of products and services.
- Investment in Technology: Investing in new technologies to improve service delivery and efficiency.
- Market Penetration: Targeting new customer segments and expanding into new geographic markets.
Recent Developments
As of October 2023, ePlus has initiated various strategic partnerships to enhance its service capabilities, notably:
- Partnership with Leading Cloud Providers: To offer integrated cloud solutions.
- Collaboration with Cybersecurity Firms: To boost cybersecurity offerings for clients.
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