• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Defense And Security Market
    Defense And Security News
    Defense And Security Stocks
    • Defense And Security Market
    • Defense And Security News
    • Defense And Security Stocks
    security investing

    Cloud and Digital Revenues Drive Presidio’s Second Quarter Growth

    Dorothy Neufeld
    Aug. 29, 2019 08:42AM PST
    Defense And Security Investing

    Presidio (NASDAQ:PSDO), cloud and security company announced a 9.8 percent increase in year-over-year revenues, with figures reaching US$803.2 million. Its three core revenue streams contributed to this growth as each of its cloud, security and digital streams generated over nine percent growth. As quoted in the press release: Financial Highlights for the Fiscal Fourth Quarter Ended …

    Presidio (NASDAQ:PSDO), cloud and security company announced a 9.8 percent increase in year-over-year revenues, with figures reaching US$803.2 million. Its three core revenue streams contributed to this growth as each of its cloud, security and digital streams generated over nine percent growth.

    As quoted in the press release:

    Financial Highlights for the Fiscal Fourth Quarter Ended June 30, 2019

    • Revenue – Total revenue was $803.2 million, an increase of 9.8% over prior year, with product revenue up 10.5% and service revenue up 6.7%. Total revenue growth in the quarter was driven by an increase in all three solution areas. Cloud revenue grew 10.5%, Security revenue grew 9.5% and Digital Infrastructure revenue grew 9.8%. The investments in our public cloud initiative, as well as growth in our managed services offerings, drove our recurring revenue in the fourth quarter up 48.3% over the prior year, and recurring revenue now represents 8.0% of our total revenue. We continued to experience accelerating growth in our backlog orders believed to be firm which totaled $787 million as of June 30, 2019, an increase of 34% compared to the prior year period.

    • Gross Margin – Our gross margin percentage, product gross margin percentage, and service gross margin percentage were 20.9%, 21.1%, and 20.1%, respectively, as compared to 20.6%, 20.8%, and 19.7% in the prior year. Product margin expansion was led by improved hardware margins and a higher revenue mix of software recognized on a net basis. Service margin expansion was driven by Presidio led services.

    Click here to read the full press release.

    security investingnasdaq:psdonew yorkunited states
    The Conversation (0)

    Go Deeper

    AI Powered
    hand pointing at cloud with security icon on it

    Top 10 Cloud Security Companies

    Skyscrapers with logos of Apple, Amazon and Microsoft; "Tech 5" text overlay.

    Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

    Latest News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Defense And Security Investing Stocks

    Integrated Cyber Solutions

    ICS:CC

    Aether Global Innovations

    AETH:CC

    KWESST

    KWE:CA

    Oculus VisionTech

    OVT:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES