HERNDON, Va. - ePlus inc. (NASDAQ NGS: PLUS), a provider of technology solutions for business outcomes, has launched a new disaster recovery service named Azure Recover. This service, which is fully managed and powered by Azure Site Recovery, is designed to offer organizations a robust means to protect their workloads whether they are located on-premises, in Azure, or in other cloud environments.
The service includes features such as fully-automated monthly testing, support during and after failover events, and continuous recovery validation, aiming to reduce recovery time objectives and maintain data protection compliance. According to Justin Mescher, vice president of artificial intelligence, cloud, and data center solutions at ePlus, Azure Recover is intended to ensure that critical workloads remain secure and perform as expected, even in the face of unforeseen disasters.
ePlus has emphasized that their new offering is part of a disaster recovery operating model that focuses on continuous, automated testing and validation to provide customers with confidence in their recovery capabilities.
ePlus has been a trusted advisor in the technology industry for over 30 years, offering a wide range of solutions and services across various technology spectrums, including security, cloud, data center, networking, and collaboration. The company prides itself on its ability to deliver transformative business outcomes through technology.
The information about this new service is based on a press release statement from ePlus inc. The company has made forward-looking statements regarding the expected benefits of Azure Recover, yet it notes that actual results may vary due to various risks and uncertainties, which are detailed in reports filed with the Securities and Exchange Commission.
In other recent news, ePlus Inc. has reported a successful fiscal fourth quarter with noteworthy strategic growth initiatives. The company's net sales for the quarter increased by 12.7%, accompanied by a 13.8% rise in gross billings, despite lower-than-expected gross margins and operating income. ePlus concluded the fiscal year with a robust cash position exceeding $250 million, enabling ongoing investments and strategic acquisitions.
The company's technology sector product sales, particularly in networking products, saw a 12.2% increase. Revenue from service business, primarily from managed services, grew by 14.8%, while the financing segment experienced a healthy revenue boost of 15.5%. A new share buyback plan for up to 1.25 million shares has also been approved.
In terms of future developments, ePlus forecasts a net sales growth of 3-6% for fiscal 2025 and anticipates gross margins to normalize. The company's focus will remain on strategic IT solutions, organic and acquisition-driven growth, and expanding product and service offerings. These are recent developments that will shape the course of the company in the coming fiscal year.
InvestingPro Insights
ePlus inc. (NASDAQ NGS: PLUS), the provider of innovative technology solutions including the newly launched Azure Recover, currently holds a market capitalization of $1.93 billion. The company's commitment to robust disaster recovery services is reflected in its financial health and performance metrics. With a P/E ratio standing at 16.97 and a slightly adjusted P/E ratio for the last twelve months as of Q4 2024 at 16.63, ePlus presents a stable investment profile.
InvestingPro data also indicates a solid track record of revenue growth, with a 7.62% increase over the last twelve months as of Q4 2024. This growth is consistent with the company's continuous innovation and expansion in services like Azure Recover. The gross profit margin for the same period stands at 24.0%, demonstrating ePlus's ability to maintain profitability in its operations.
InvestingPro Tips highlight that ePlus has managed to keep a strong balance sheet, holding more cash than debt, which is a reassuring sign for investors considering the company's financial resilience. Additionally, the company's liquid assets exceed its short-term obligations, ensuring that it can meet its immediate financial commitments comfortably. For those looking to delve deeper into the company's financial outlook, there are 10 additional InvestingPro Tips available, offering a comprehensive analysis of ePlus's potential.
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