ePlus Inc. reported its financial results for the fourth quarter and fiscal year ended March 31, 2025. In the fourth quarter, net sales decreased by 10.2% to $498.1 million, with the technology business experiencing a 10.4% decline in net sales to $487.2 million. However, service revenues increased by 33.0% to $104.9 million. The company's consolidated gross profit rose by 11.8% to $145.8 million, leading to an improved gross margin of 29.3%, up from 23.5% in the previous year. Net earnings for the quarter increased by 14.6% to $25.2 million, while diluted earnings per share increased by 15.9% to $0.95. For the full fiscal year 2025, net sales decreased by 7.0% to $2.0688 billion, with the technology business seeing a 7.7% decline in net sales to $2.0091 billion. Service revenues for the year increased by 37.1% to $400.4 million. The consolidated gross profit saw a 3.3% increase to $569.1 million, resulting in a gross margin of 27.5%, compared to 24.8% in fiscal year 2024. Net earnings for the fiscal year decreased by 6.7% to $108.0 million. ePlus Inc. highlighted the growth in its services revenue, which contributed significantly to the expansion of gross margins. The company is capitalizing on evolving industry trends such as increased ratable and subscription revenue models. Looking ahead, ePlus remains focused on engaging with customers, evolving its service and product offerings, and attracting new customers, particularly in the areas of AI, cloud, security, and networking.