ePlus announced financial results for its second quarter of fiscal year 2013, which ended September 30, 2012. Total revenues for the quarter increased 27.7% to $260.1 million compared to $203.7 million in the same quarter in 2011. Net earnings increased 42.0% to $10.0 million in the second quarter fiscal 2013, as compared to $7.1 million in the prior year.

For the six months ended September 30, 2012 net earnings were $18.1 million for the six months, an increase of 68.1%, as compared to $10.8 million during the six months ended September 30, 2011. Revenues of $504.8 million for the period increased from $382.6 million or 31.9% from the same period last year.

ePlus said its financing business segment, which offers lease-financing solutions to corporations and government entities nationwide, total revenues increased to $8.3 million compared to $8.0 million in the same quarter last year. Segment earnings before tax were $2.0 million compared to $2.6 million for the same quarter prior year.

The financing business segment net investment in leases and leased equipment at September 30, 2012 was $112.4 million, down from $116.0 million at March 31, 2012.

“We are very pleased with our financial results for the quarter,” stated Phillip G. Norton, chairman, president, and CEO of ePlus. “We continue to see large enterprise customers show interest in our advanced technology solutions. Our focus on building technology solutions for the cloud, data center, collaboration, managed services, and security are helping to drive revenue and maintain our gross margin, which was 18.0% as compared to 18.1% the prior year.”

To read the ePlus news release click here.