ePlus Inc. Reports Strong Q2 2027 Results Driven by AI and Data Center Demand
ePlus Inc. (PLUS) reported robust second-quarter fiscal 2027 financial results, characterized by a 9.7% increase in net sales to $667.9 million. Growth was primarily fueled by a 12.8% rise in product net sales, specifically within the data center and cloud solutions sectors as demand for artificial intelligence infrastructure continues to surge. This strength led to an 11.2% increase in gross profit and a significant expansion in gross margin to 27.0%. While professional services revenue saw an 11.3% decline due to project delays among large retail clients, the company's overall performance was bolstered by record gross billings of $1.06 billion. Management raised its full-year fiscal 2027 guidance, forecasting upper single-digit growth in net sales and low double-digit growth in adjusted EBITDA. Despite some supply chain constraints in high-end GPU-related compute sectors, the company maintains a strong liquidity position with $380.9 million in cash.
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