Eplus (PLUS) FY2017 results: revenue $1.3 billion, up 10.4% on the year
Eplus Inc. (PLUS) reported revenue of $1.3 billion for fiscal 2017, the year ended 31 March 2017, up 10.4% on the year before. Net income was $51 million, up 13.0%, and diluted earnings per share $1.80. The figures are the company's own, from the 10-K it filed with the SEC on 25 May 2017.
Revenue
$1.3 billion
+10.4% on the year
FY2010FY2017
Operating margin
6.4%
6.3% a year earlier
FY2010FY2017
Net income
$51 million
+13.0% on the year
FY2010FY2017
Diluted EPS
$1.80
+18.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,329
1,204
1,143
+10.4%
Cost of revenue
1,032
942
899
+9.5%
Gross profit
300
262
245
+14.4%
Gross margin
22.5%
21.8%
21.4%
Selling, general and administrative
205
179
167
+14.7%
Operating income
85.7
75.8
70.7
+13.2%
Operating margin
6.4%
6.3%
6.2%
Interest expense
1.5
n/a
n/a
Pre-tax income
86.1
75.8
78.3
+13.7%
Income tax
35.6
31.0
32.5
+14.7%
Effective tax rate
41.3%
40.9%
41.5%
Net income
50.6
44.7
45.8
+13.0%
Net margin
3.8%
3.7%
4.0%
Diluted EPS
$1.80
$1.52
$1.55
+18.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
33.0
14.1
14.4
+134.0%
Cash from investing
-26.3
-50.2
n/a
Cash from financing
7.8
54.4
n/a
-85.6%
Depreciation and amortisation
11.7
16.0
15.6
-26.6%
Share-based compensation
6.0
5.7
4.6
+5.5%
Buybacks
30.5
11.3
37.7
+168.9%
Dividends paid
0.0
0.1
0.1
Diluted shares, weighted
28m
29m
30m
-4.5%
Shares outstanding at period end
28m
29m
30m
-3.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
346
319
279
+8.5%
Debt
37.4
47.4
56.6
-21.1%
Other liabilities
358
250
232
+43.1%
Total liabilities and equity
742
617
568
+20.3%
Fixed assets
6.7
6.3
6.1
+6.8%
Goodwill
48.4
42.2
34.1
+14.8%
Intangible assets
12.2
12.0
n/a
+1.3%
Cash and equivalents
110
94.8
76.2
+15.8%
Inventory
93.6
33.3
19.8
+180.6%
Other assets
471
428
432
+10.0%
Total assets
742
617
568
+20.3%
10-K for the year ended 31 March 2017, filed 25 May 2017: the filing.