Filing Flows › Eplus (PLUS) › Q1 FY27 › vs Q4 FY26
Eplus (PLUS) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Eplus's revenue rose $67.5M (+12%) from $582M in Q4 FY26 to $649M in Q1 FY27. The biggest changes: Product Reporting Unit +$58.1M (+12%); Professional Services Reporting Unit +$6.8M (+11%); Managed Services Reporting Unit +$2.6M (+5%). Gross margin 23.3% against 25.3% (-2.0 pts).
Eplus, Q1 FY27: revenue $649M (+1% year over year), operating margin 6.0%, net earnings $30.3M, operating cash flow $76.5M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 23.3% | 25.3% | -2.0 pts |
| Operating margin | 6.0% | 6.5% | -0.5 pts |
| Net margin | 4.7% | 4.3% | +0.4 pts |
| Free cash flow margin | 11.7% | 17.8% | -6.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Product Reporting Unit | $530M | $472M | $58.1M | +12% |
| Professional Services Reporting Unit | $68.1M | $61.3M | $6.8M | +11% |
| Managed Services Reporting Unit | $51.3M | $48.7M | $2.6M | +5% |
| Revenue | $649M | $582M | $67.5M | +12% |
| Gross profit | $151M | $147M | $4.2M | +3% |
| Cost of revenue | $498M | $435M | $63.2M | +15% |
| Other income, net | $3.1M | −$1.0M | $4.1M | — |
| Operating profit | $38.8M | $37.6M | $1.2M | +3% |
| Operating expenses | $112M | $109M | $3.1M | +3% |
| Pre-tax earnings | $42.0M | $36.6M | $5.3M | +15% |
| SG&A | $107M | $103M | $3.3M | +3% |
| Other operating costs | $5.9M | $6.2M | −$295K | -5% |
| Net earnings | $30.3M | $25.0M | $5.2M | +21% |
| Income tax | $11.7M | $11.6M | $76K | +0.7% |
| Depreciation & amortization | $6.2M | $6.4M | −$263K | -4% |
| Share-based compensation | $3.1M | $2.2M | $909K | +41% |
| Working capital & other | $36.9M | $71.3M | −$34.4M | -48% |
| Operating cash flow | $76.5M | $105M | −$28.5M | -27% |
| Free cash flow (OCF − capex) | $75.6M | $104M | −$28.2M | -27% |
| Capital expenditures | $853K | $1.2M | −$326K | -28% |
Questions
How much did Eplus's revenue grow quarter over quarter in Q1 FY27?
Eplus's revenue rose $67.5M (+12%) from $582M in Q4 FY26 to $649M in Q1 FY27.
What drove Eplus's revenue change in Q1 FY27?
Product Reporting Unit +$58.1M (+12%); Professional Services Reporting Unit +$6.8M (+11%); Managed Services Reporting Unit +$2.6M (+5%).