Business UpdateMay 28, 2026, 05:07 PM
ePlus Files Annual 10-K Report, Details Business & Risks
AI Summary
ePlus Inc. filed its Annual Report on Form 10-K, providing a comprehensive overview of its business operations, solutions, and risk factors. The company offers technology solutions across AI, cloud, data center, security, networking, and collaboration, serving 4,200 customers. Key customer and vendor concentrations include Verizon Communications Inc. (24% of net sales) and Cisco Systems (29% of net sales) for the fiscal year ended March 31, 2026. The report also highlights the company's focus on AI and outlines various risks such as supply chain disruptions, cybersecurity threats, and intense market competition.
Key Highlights
- ePlus is a leading provider of IT solutions across AI, cloud, data center, security, networking, and collaboration.
- Serves 4,200 customers, primarily middle market to large enterprises and state/local government institutions.
- Verizon Communications Inc. accounted for 24% of net sales for the year ended March 31, 2026.
- Products from Cisco Systems represented approximately 29% of net sales for the year ended March 31, 2026.
- Employs 2,148 employees as of March 31, 2026, with 705 in sales and marketing and 1,079 in services.
- Recognizes AI as a transformational force, offering AI advisory and advanced support services for AI infrastructure.
- Identified risks include supply chain issues, cybersecurity attacks, and the ability to manage diverse product sets in competitive markets.
Price Impact
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