Presidio (PSDO), an MSP and hybrid cloud IT solutions provider, is set announce quarterly results on Thursday, May 11. The company, which went public in March, is a potential bellwether for IT solutions providers that are pushing hard into managed, cloud and security services.
Presidio, led by CEO Bob Cagnazzi, doesn’t compete head-on against public clouds like Amazon or Microsoft Azure. Nor is the company a pure reseller. Instead, the firm has a blended model — promoting digital infrastructure, cloud and security solutions to middle-market customers. The business has been growing faster than most traditional VARs, but not as quickly as pure play CSPs (cloud services providers).
Indeed, Presidio’s revenues grew from $1.76 billion in fiscal 2012 to $2.71 billion in fiscal 2016, an 11 percent compound annual growth rate (CAGR), according to a prospectus viewed by ChannelE2E ahead of the IPO. Key partners like Cisco Systems, Dell EMC and VMware figure prominently into Presidio’s revenue stream.
But just how quickly is Presidio growing these days, and how are the company’s EBITDA margins? We’ll get answers when Presidio announces results on Thursday. Stay tuned for our analysis.