Earnings Review and Free Research Report: Presidio Adjusted EPS - Erie News Now | WICU & WSEE in Erie, PA

Earnings Review and Free Research Report: Presidio Adjusted EPS Jumped 28%

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Research Desk Line-up: Accenture Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 5, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Presidio, Inc. (NASDAQ: PSDO), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=PSDO, following the Company’s disclosure of its financial results on September 21, 2017, for the fourth quarter fiscal 2017. The Company’s adjusted EBITDA increased 12.1% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Information Technology Services industry. Pro-TD has currently selected Accenture PLC (NYSE: ACN) for due-diligence and potential coverage as the Company reported on September 28, 2017, its financial results for Q4 FY17 and full year FY17 which ended on August 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Accenture when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on PSDO; also brushing on ACN. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=PSDO

http://protraderdaily.com/optin/?symbol=ACN

Earnings Reviewed

For three months ended June 30, 2017, Presidio’s total revenue decreased 3.3% to $729.3 million from $753.9 million in Q4 FY16. The decrease in total revenue was due to an increase in the proportion of new software subscription sales. Total revenue was below analysts’ expectations of $737 million.

During Q4 FY17, Presidio’s Product revenue decreased 4.5% to $615.4 million from $644.4 million in Q4 FY16. For the reported quarter, the Company’s Service revenue increased 4% to $113.9 million from $109.5 million in Q4 FY16.

For the reported quarter, the Company’s Security revenue increased 38.4% to $98.4 million on a y-o-y basis and Cloud revenue increased 11.9% to $134.0 million on a y-o-y basis. During Q4 FY17, the Company’s Digital Infrastructure revenue decreased 11.7% to $496.9 million on a y-o-y basis.

During Q4 FY17, Presidio’s gross profit increased 3.5% to $152.3 million from $147.1 million in Q4 FY16. For the reported quarter, the Company’s gross margin increased 140 basis points to 20.9% of revenue from 19.5% of revenue in Q4 FY16. The increase was due to a favorable mix of higher margin solutions and higher services gross margins.

For the reported quarter, Presidio’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 12.1% to $60.4 million from $53.9 million in Q4 FY16. During Q4 FY17, the Company’s adjusted EBITDA margin increased 120 basis points to 8.3% of revenue from 7.1% of revenue in Q4 FY16.

During Q4 FY17, Presidio’s selling, general, and administrative (SG&A) expenses decreased 2% to $95.6 million from $97.6 million in Q4 FY16. For the reported quarter, the Company’s depreciation and amortization (D&A) expenses decreased 4.6% to $20.5 million from $21.5 million in Q4 FY16.

During Q4 FY17, Presidio’s net income was $10.4 million compared to net loss of $7.4 million in Q4 FY16. For the reported quarter, the Company’s adjusted net income increased 30.8% to $30.6 million on a y-o-y basis from $23.4 million in Q4 FY16. During Q4 FY17, Presidio’s diluted EPS was $0.11 compared to negative diluted EPS of $0.10 in Q4 FY16. For the reported quarter, the Company’s adjusted diluted EPS increased 28% to $0.32 on a y-o-y basis from $0.25 in Q4 FY16. The adjusted diluted EPS was in-line with analysts’ expectations of $0.32.

On May 11, 2017, the Company appointed Benjamin A. Pawson as Chief Accounting Officer.

Balance Sheet

As on June 30, 2017, Presidio’s cash and cash equivalents decreased 16.6% to $27.5 million from $33 million in Q4 FY16. During Q4 FY17, the Company’s net accounts receivable increased 14.5% to $576.3 million from $503.0 million in Q4 FY16.

For the reported quarter, Presidio’s inventories decreased 42.6% to $27.7 million from $48.3 million in Q4 FY16.

For the reported quarter, the Company’s trade accounts payable decreased 8.3% to $350.5 million from $382.3 million in Q4 FY16. During Q4 FY17, Presidio’s total long-term debt decreased 29.7% to $751.6 million from $1.07 billion in Q4 FY16.

During FY17, the Company’s cash provided by operating activities decreased 40.7% to $51.0 million from $86.1 million in FY16. During FY17, the Company’s free cash flow increased 14.3% to $94.0 million from $82.2 million in FY16.

Outlook

For FY18, Presidio expects total revenue growth to be 5.5% and adjusted EBITDA margin to be around 8%. The Company estimates diluted EPS growth to be in the high single digit range for fiscal 2018.

Stock Performance

On Wednesday, October 04, 2017, the stock closed the trading session at $15.00, rising 4.38% from its previous closing price of $14.37. A total volume of 297.49 thousand shares have exchanged hands, which was higher than the 3-month average volume of 150.68 thousand shares. Presidio’s stock price surged 10.54% in the last one month and 5.86% in the previous three months. Furthermore, since the start of the year, shares of the Company have gained 5.26%. The stock currently has a market cap of $1.39 billion.

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