Presidio, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2017. For the quarter, the company reported total revenue of $729.3 million against $753.9 million a year ago. Operating income was $35.9 million against $23.0 million a year ago. Income before income taxes was $22.6 million against loss before income taxes was $6.7 million a year ago. Net income was $10.4 million against net loss was $7.4 million a year ago. Diluted LPS was $0.09 against $0.20 a year ago. Adjusted revenue was $729.4 million against $754.1 million a year ago. Pro forma adjusted net income was $30.6 million against $23.4 million a year ago. Pro forma diluted EPS was $0.32 against $0.25 a year ago. Adjusted EBITDA was $60.4 million against $53.9 million a year ago. The increase in Total Revenue resulted from an increase in client demand across both Security and Cloud solutions along with a higher proportion of services as part of solutions. The growth was impacted by an increase in the proportion of solutions being delivered in the form of new software subscriptions where the revenue associated with these solutions are recognized net of the related costs of sales in Total Revenue. Diluted EPS was $0.11 against LPS of $0.10 a year ago.

For the year ended, the company reported total revenue of $2,817.6 million against $2,714.9 million a year ago. Operating income was $108.1 million against $98.9 million a year ago. Income before income taxes was $4.4 million against loss before income taxes was $3.4 million a year ago. Net income was $4.4 million against net loss was $3.4 million a year ago. Diluted EPS was $0.05 against LPS of $0.0.05 a year ago. Net cash provided by operating activities was $51.0 million against $86.1 million a year ago. Additions of equipment under sales-type and direct financing leases was $100.1 million against $95.4 million a year ago. Additions to equipment under operating leases were $2.0 million against $2.7 million a year ago. Purchases of property and equipment was $11.4 million against $16.4 million a year ago. Adjusted revenue was $2,818.2 million against $2,683.7 million a year ago. Pro forma adjusted net income was $112.1 million against $94.3 million a year ago. Pro forma diluted EPS was $1.18 against $1.03 a year ago. Adjusted EBITDA was $226.1 million against $211.1 million a year ago. The decline in Total Revenue was impacted by an increase in the proportion of new software subscription sales in solutions; had the software subscription sales been sold on the same terms as the prior year, the decline would have been 0.1%.

Fiscal 2018 guidance, The company expects total revenue growth of approximately 5.5%; Adjusted EBITDA margin in the low 8% range; and Pro Forma Diluted EPS growth in the high single digit range.