ePlus Posts Record $1.07B Billings, Raises Fiscal 2027 Outlook
HERNDON, Va. – November 05, 2026 -- ePlus inc. (NASDAQ: PLUS) reported record quarterly gross billings of $1,066.8 million for the second quarter of fiscal 2027, up 4.3% from $1,022.7 million, and raised its full-year guidance after net sales climbed 9.7% to $667.9 million.
The company now expects fiscal 2027 net sales and gross profit to grow in the upper single digits year over year. It expects adjusted EBITDA to grow in the low double digits.
Product sales rise 12.8% on cloud and security demand
Product segment sales increased to $547.1 million from $485.0 million, driven by cloud, security and collaboration products. A decline in networking products partly offset the gains. Segment gross margin widened to 25.8% from 24.5% on a shift in product mix and higher sales of third-party maintenance, subscriptions and services recognized on a net basis.