HERNDON, Va. - ePlus inc. (NASDAQ NGS: PLUS), a provider of technology solutions for businesses, announced today that it has achieved Amazon (NASDAQ:AMZN) Web Services (AWS) Migration Competency status. This recognition is awarded to AWS Partner Network members who have demonstrated their ability to help customers successfully migrate to AWS.
The AWS Migration Competency is a testament to ePlus' expertise in cloud migration and modernization, signaling that the company can deliver specialized consulting services and solutions on AWS. To qualify for this status, partners must exhibit deep knowledge of AWS and a track record of deploying complex projects on the platform.
With this new competency, ePlus can now participate in the AWS Migration Acceleration Program (MAP), a program designed to assist enterprises in their transition to the cloud by reducing costs, automating processes, and providing training and expertise. The program follows a three-phased approach—Assess, Mobilize, and Migrate and Modernize—to support organizations' migration objectives.
Justin Mescher, vice president of cloud and data center solutions at ePlus, expressed the company's pride in building upon their existing migration practice and AWS Resilience Competency to achieve this new status. He highlighted the use of Cloud Migration Factory on AWS to help customers minimize migration risks and expedite timelines.
ePlus, an AWS Advanced Tier Services Partner, aids organizations in moving swiftly to AWS to gain competitive advantages. The company's migration practice with AWS is part of its broader portfolio of technology solutions and services aimed at driving transformative business outcomes.
This announcement is based on a press release statement from ePlus inc. and does not include any additional analysis or commentary. Further details about ePlus and its services can be found on the company's website.
InvestingPro Insights
ePlus inc. (NASDAQ NGS: PLUS) has not only achieved AWS Migration Competency status but is also showing promising financial metrics. With a market capitalization of $2.04 billion and a solid price-to-earnings (P/E) ratio of 16.01, the company is positioned as a potentially attractive investment. The adjusted P/E ratio for the last twelve months as of Q3 2024 stands slightly higher at 16.17, indicating a stable valuation over time.
The company's revenue for the last twelve months as of Q3 2024 was reported at $2.163 billion, with a healthy gross profit margin of 25.63%. This financial performance is complemented by a notable return on assets of 7.93%, suggesting efficient use of company assets to generate profits.
An InvestingPro Tip highlights that analysts have revised their earnings upwards for the upcoming period, which may signal confidence in ePlus' financial trajectory. Moreover, another InvestingPro Tip points out that ePlus operates with a moderate level of debt, which can be a positive sign for investors looking for a company with a sound financial structure. For those interested in more in-depth analysis, InvestingPro offers additional tips on ePlus inc.; there are over 10 more tips available for investors to explore at https://www.investing.com/pro/PLUS.
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