Filing Flows › Eplus (PLUS) › Q2 FY27 › vs Q1 FY27
Eplus (PLUS) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Eplus's revenue rose $18.8M (+3%) from $649M in Q1 FY27 to $668M in Q2 FY27. The biggest changes: Product +$17.5M (+3%); Managed Services +$1.8M (+3%); Professional Services −$329K (-0.5%). Gross margin 27.0% against 23.3% (+3.7 pts).
Eplus, Q2 FY27: revenue $668M (+10% year over year), operating margin 8.5%, net earnings $40.4M, operating cash flow −$57.4M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 27.0% | 23.3% | +3.7 pts |
| Operating margin | 8.5% | 6.0% | +2.5 pts |
| Net margin | 6.0% | 4.7% | +1.4 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Product | $547M | $530M | $17.5M | +3% |
| Professional Services | $67.8M | $68.1M | −$329K | -0.5% |
| Managed Services | $53.1M | $51.3M | $1.8M | +3% |
| Revenue | $668M | $649M | $18.8M | +3% |
| Gross profit | $180M | $151M | $29.0M | +19% |
| Cost of revenue | $488M | $498M | −$10.1M | -2% |
| Operating profit | $56.5M | $38.8M | $17.7M | +46% |
| Operating expenses | $124M | $112M | $11.3M | +10% |
| Pre-tax earnings | $56.0M | $42.0M | $14.0M | +33% |
| SG&A | $118M | $107M | $11.4M | +11% |
| Other operating costs | $5.7M | $5.9M | −$150K | -3% |
| Net earnings | $40.4M | $30.3M | $10.1M | +33% |
| Income tax | $15.6M | $11.7M | $3.9M | +34% |
| Operating cash sources | $108M | −$36.9M | $145M | — |
| Depreciation & amortization | $5.9M | $6.2M | −$226K | -4% |
| Share-based compensation | $4.1M | $3.1M | $981K | +31% |
| Cash used in operations | $57.4M | −$76.5M | $134M | — |
| Working capital & other | $108M | −$36.9M | $145M | — |
Questions
How much did Eplus's revenue grow quarter over quarter in Q2 FY27?
Eplus's revenue rose $18.8M (+3%) from $649M in Q1 FY27 to $668M in Q2 FY27.
What drove Eplus's revenue change in Q2 FY27?
Product +$17.5M (+3%); Managed Services +$1.8M (+3%); Professional Services −$329K (-0.5%).