HERNDON, Va. - ePlus inc. (NASDAQ NGS: PLUS), a technology solutions provider with a market capitalization of $2.07 billion and annual revenue of $2.12 billion, has launched the Secure GenAI Accelerator, a new component of its AI Ignite portfolio designed to facilitate the adoption of Generative AI (GenAI) in business environments. According to InvestingPro data, the company maintains strong financial health with robust profitability metrics. This proof of concept engagement offers organizations a private GenAI chatbot to test and develop AI-driven projects within a secure, controlled setting.
The Secure GenAI Accelerator combines ePlus's proprietary GenAI platform with technologies from NVIDIA (NASDAQ:NVDA) and AWS. It features a private chatbot experience powered by NVIDIA AI enterprise and hosted on AWS, ensuring enterprise-level security and compliance. ePlus's offering also includes personalized guidance and a cost benefit analysis to help organizations understand the value of GenAI use cases.
According to Ken Farber, president of ePlus Software (ETR:SOWGn), the accelerator aims to provide organizations with hands-on experience to "test drive GenAI" and gather insights for their AI strategies. The service is intended to help businesses convert AI use cases into actionable plans, speed up the time to value for GenAI initiatives, enhance customer experiences, and unlock additional business value through data science and analytics.
ePlus emphasizes that the Secure GenAI Accelerator is designed to prepare organizations to leverage their internal teams' expanded skill sets and achieve strategic business growth and innovation. At the end of the engagement, participants are expected to be equipped with the necessary tools and knowledge to implement GenAI solutions effectively.
This announcement is based on a press release statement from ePlus inc. and does not constitute an endorsement of the company's claims. The information presented is intended to provide a factual report on ePlus's new offering in the field of artificial intelligence. For deeper insights into ePlus's financial health and growth potential, including additional ProTips and comprehensive analysis, visit InvestingPro, where you'll find detailed research reports and expert financial analysis.
In other recent news, ePlus Inc (NASDAQ:PLUS). reported its fiscal Q2 2025 earnings, demonstrating a mixed financial performance. The company witnessed declining net sales, which decreased by 12.3% to $515.2 million, but saw an increase in gross profit and service revenues. Service revenues experienced a significant boost, growing 46% to $104 million, largely due to the recent acquisition of Bailiwick. This acquisition is expected to contribute approximately $85 million in revenue, enhancing the company's professional services.
Gross profit for the company rose 2.5% to $148 million, with a notable improvement in gross margin to 28.7%. However, net earnings were down 4.1% at $31.3 million. Amid these developments, ePlus revised its adjusted EBITDA guidance for fiscal 2025 to between $195 million and $205 million.
In line with these changes, the company is adjusting its revenue model and focusing on growth areas such as AI and cloud services. This strategic shift is being undertaken despite the ongoing macroeconomic challenges. These are the latest developments for ePlus, as it continues to navigate the changing business landscape.
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