Cagnazzi said the decrease in digital infrastructure was due to lower sales from government customers, particularly the federal government, and the shift towards software subscriptions. However, the CEO expects the segment to bounce back in the next quarter.
"[Digital infrastructure] is going to be a low single-digit growth area for us over time," he said. "You'll see over time the continuing trend toward greater cloud and greater security business in our solution set, so that's going to change the mix over time as well."
Presidio stock slightly dropped in after-hours trading from $15.96 per share at the market close, to $15.65 as of 6 p.m.
"We're excited about the results," said Cagnazzi. "We'll continue to grow and scale in all the right areas. We're expecting to see growth in the business and continue to position the company for long-term growth around security, around cloud, around managed services, and around increasing services overall."
Presidio this week received the 2017 Dell EMC Services Delivery Partner of the year award, as well as the 2017 Partner Services Quality Award for "achieving extraordinary results and commitment" to Dell EMC, according to a release.