Presidio, Inc. Reports Third Quarter Fiscal 2019 Results
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Presidio, Inc. (PSDO) Tops Q3 EPS by 1c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus
May 8, 2019 4:46 PM EDTPresidio, Inc. (NASDAQ: PSDO) reported Q3 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $705.2 million versus the consensus estimate of $679.27 million.
Financial Highlights for the Fiscal Third Quarter Ended March 31, 2019
Revenue - Total revenue was $705.2 million, up 7.9%, with product revenue up 8.7% and service revenue up 4.8%. Total revenue growth in the quarter was driven by 29.5% growth in Cloud solutions, which included strong revenue performance from our public cloud offerings. In addition, we experienced growth in Security revenue, up 16.3% driven by an increase in managed security services... More