Eplus (PLUS) FY2015 results: revenue $1.1 billion, up 8.1% on the year
Eplus Inc. (PLUS) reported revenue of $1.1 billion for fiscal 2015, the year ended 31 March 2015, up 8.1% on the year before. Net income was $46 million, up 30.0%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 29 May 2015.
Revenue
$1.1 billion
+8.1% on the year
FY2010FY2015
Operating margin
6.2%
5.7% a year earlier
FY2010FY2015
Net income
$46 million
+30.0% on the year
FY2010FY2015
Diluted EPS
$1.55
+41.6% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,143
1,058
983
+8.1%
Cost of revenue
899
841
778
+6.9%
Gross profit
245
217
205
+12.7%
Gross margin
21.4%
20.5%
20.8%
Selling, general and administrative
167
n/a
n/a
Operating income
70.7
60.1
58.7
+17.7%
Operating margin
6.2%
5.7%
6.0%
Pre-tax income
78.3
60.1
58.7
+30.3%
Income tax
32.5
24.8
23.9
+30.8%
Effective tax rate
41.5%
41.3%
40.7%
Net income
45.8
35.3
34.8
+30.0%
Net margin
4.0%
3.3%
3.5%
Diluted EPS
$1.55
$1.09
$1.08
+41.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
14.4
-8.2
41.3
Cash from investing
n/a
-28.8
-12.7
Cash from financing
n/a
64.5
-9.7
Depreciation and amortisation
15.6
14.8
12.2
+5.6%
Share-based compensation
4.6
4.0
3.3
+15.5%
Buybacks
37.7
13.2
1.9
+185.8%
Dividends paid
0.1
0.1
20.1
-16.7%
Dividend per share
n/a
n/a
$0.62
Diluted shares, weighted
30m
32m
32m
-7.6%
Shares outstanding at period end
30m
32m
33m
-8.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
279
266
238
+4.8%
Debt
56.6
n/a
41.7
Other liabilities
232
287
160
-19.1%
Total liabilities and equity
568
554
440
+2.6%
Fixed assets
6.1
4.3
2.2
+42.7%
Goodwill
34.1
29.6
28.7
+15.4%
Intangible assets
n/a
n/a
4.3
Cash and equivalents
76.2
80.2
52.7
-5.0%
Inventory
19.8
22.6
14.8
-12.3%
Other assets
432
417
337
+3.6%
Total assets
568
554
440
+2.6%
10-K for the year ended 31 March 2015, filed 29 May 2015: the filing.