VARBusiness 500 Top Ten Best-Performing Stocks of Q1


NAME: E-Plus

LOCATION: Herndon, Va.

2007 VARBUSINESS 500 RANK: 85

CEO: Thorsten Dirks

TICKER: PLUS.PK

STOCK PRICE JAN. 2, 2008: $9.25

STOCK PRICE MARCH 31, 2008: $10.70

PCT. CHANGE: 15.7%

SPECIALTY: IT solution provider that provides professional services, flexible lease financing, proprietary software

FINANCIALS: Revenue for E-Plus' most recent quarter increased 13.2 percent to $225.0 million, compared with revenue of $198.7 million during prior year's quarter. Net earnings for that quarter increased 396.3 percent to $4.9 million from $978,000 thousand in the year prior period. The increase in total revenue was mainly the result of a 20.3 percent increase in sales of product and services to $701.2 million, compared with $583.1 million in the prior fiscal year. An important part of those sales are of Hewlett Packard and Cisco products, which represented roughly 24 percent and 32 percent of sales.