ePlus Posts Record Q2 Billings, Raises Fiscal 2027 Guidance
ePlus reported strong second-quarter results with gross billings topping $1 billion for the first time and net sales rising nearly 10%.
Technology solutions provider ePlus cleared a significant milestone in its second quarter of fiscal year 2027, with gross billings surpassing $1 billion for the first time in company history, according to results released by the firm.
Net sales climbed 9.7% to $667.9 million during the quarter compared with the same period a year earlier, reflecting broad-based demand across the company's product and solutions segments. Services revenues, however, dipped 2.4% to $120.8 million, a modest decline that partially offset gains elsewhere in the business.
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The stronger-than-expected quarterly performance prompted management to raise its outlook for the full fiscal year 2027, signaling confidence that underlying demand trends remain intact heading into the second half. Companies in the technology distribution and solutions space have broadly benefited from sustained enterprise spending on infrastructure and cybersecurity modernization.
The record billings figure underscores a growing appetite among corporate clients for technology procurement and managed services, areas where ePlus has concentrated investment. Analysts tracking the mid-market IT sector have noted that vendors capable of bundling hardware, software, and services have fared better than pure-play distributors in the current spending environment.
Full details of the second-quarter and first-half results, including margin data and updated guidance ranges, are available directly from the company. Continue reading at Earnings.
