The IT solutions provider maintains guidance and announces a new share repurchase plan amid healthy mid-market demand.
EPlus Inc. (PLUS) confirmed its fiscal 2027 guidance during its Q1 earnings call, citing a solid quarter despite a challenging comparison period. The company reported healthy demand, particularly among mid-market customers, though Q1 results included some investment-related costs.
Management highlighted steady performance against prior-year figures, with no significant revisions to full-year expectations. The new 1.5 million-share repurchase authorization replaces previous plans, signaling confidence in near-term cash flow and growth prospects.
No immediate market reaction was disclosed, though the buyback announcement may support investor sentiment.