Eplus Inc (NASDAQ: PLUS)

e Plus inc. is a provider of technology solutions and financing services operating in the IT solutions industry.

The company generates revenue by selling third party hardware software maintenance and professional and managed services through its technology business and by offering leases loans and other financing arrangements for IT equipment through its financing business.

The company operates through the following segments: Product Professional Services Managed Services and Financing.

• The Product segment sells third party hardware perpetual and subscription software maintenance software assurance and related services.

• The Professional Services segment provides architecture deployment configuration software adoption training assessments staff augmentation project management cloud consulting AI advisory consulting security collaboration and warehouse configuration and logistics services.

• The Managed Services segment offers infrastructure and cloud monitoring enhanced maintenance support service desk storage as a service Azure recover cloud managed services and managed security services.

• The Financing segment provides sales type and operating leases loans consumption based financing underwriting management and disposal of IT equipment and related assets.

e Plus inc. competes in a highly competitive IT market against vendors consulting firms resellers service providers banks specialty finance companies and captive finance arms of manufacturers while leveraging its broad vendor partnerships technical certifications integrated solution capabilities and scale to maintain a differentiated position.

The company serves approximately 4600 customers including middle market to large enterprises state and local government institutions government contractors and educational institutions with a notable concentration of sales to Verizon Communications Inc.