Why ePlus Stock Soared on Friday
A fiscal 2026 second quarter that crushed analyst estimates was the impetus behind the rally in corporate-focused tech solutions provider ePlus (NASDAQ: PLUS) on the last trading day of this week. Investors rewarded the company by pushing the stock's price nearly 16% higher that trading session, obliterating the 0.1% gain of the S&P 500 index.
In the quarter, ePlus reaped consolidated net sales of just under $609 million for a bulky year-over-year improvement of 23%. That was on the back of gross billings that flew 27% higher to a shade over $1.02 billion. Net income according to generally accepted accounting principles (GAAP) almost doubled to over $38 million; on a per-share, non-GAAP (adjusted) basis, they rose 63% to $1.53.
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Source Fool.com
