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Presidio, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed Nov 6, 2019. Its latest SEC filing is a SC 13G/A from Feb 13, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Provided IT solutions and professional, managed, and support services to middle-market companies, large organizations, and government customers.

How Did They Make Money?

revenue

Who Were Their Customers?

Served middle-market, large, and government organizations across industries through a localized direct sales force and local delivery teams.

Did Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in .

Operating income,
3% of revenue
▼ −11% vs ($114.5M, 4%)
Net income,
1% of revenue
▼ −74% vs ($133.9M, 5%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Sep 30, 2019
Revenue
▲ +3%
vs $749.9M in Q1 FY2019
Net income
▲ +63%
vs $14.7M in Q1 FY2019
  • Dec 19, 2019 BC Partners affiliates acquired Presidio, and its stock was delisted from Nasdaq Each eligible share was converted into the right to receive $16.60 in cash.
  • Sep 26, 2019 The merger agreement increased the cash consideration for shareholders The amount rose from $16.00 to $16.60 per share.

Grew. Revenue grew 11% in 3 years, from $2.7B in to $3B in , about 4% a year.

Who Did They Compete With?

Competes with Accenture, CDW, Deloitte, WWT, Dimension Data, DXC Technologies, ePlus, Optiv, Rackspace, 2ndwatch, and Logicworks

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