ePlus Inc: Gains on Q3 profit, revenue beat

ePlus

06/02/2020 17:11

** Shares of IT services and consulting firm  PLUS.O  up
8.1% at $89.77 in afternoon trade
    ** PLUS reported Q3 revenue of $429 mln, beating analysts'
estimate of $382.7 mln; posted adjusted profit of $1.64 per
share, beating analysts' estimate of $1.36 per share
    ** Co's upbeat results were driven by strong demand in its
technology and service revenue segments  urn:newsml:reuters.com:*:nBw2Ylt0Ca
    ** "Growth in gross profit and earnings per share outpaced
revenue growth in Q3" - Mark Marron, CEO     
    ** Co's profit and revenue have beaten expectations in last
3 quarters
    ** Up to Wednesday's close, stock was up ~9.2% in last 12
months

 (Reporting by Balakumaran Vinayagam)
 ((balakumaran.vinayagam@thomsonreuters.com))