Pacific Office Automation (POA), the leading office equipment dealer in the United States, announced its financial results for the year 2022 at its annual business meeting held on January 14, 2023, at the Oregon Convention Center. The company’s president and CEO, Doug Pitassi, reported the results to more than 900 employees, manufacturers, partners, and media in attendance, while hundreds of others joined virtually.
POA achieved a revenue increase of $33 million, or 8.6 percent, over 2021, while the office market was struggling to recover from the effects of the pandemic. This impressive performance marked the company’s 44th consecutive year of revenue growth. Furthermore, POA exceeded its pre-pandemic revenue numbers, with a growth of $56 million over 2019, the last full fiscal year before the pandemic, representing a 15.3 percent increase.
The pandemic presented unprecedented challenges for most industries, but POA was able to overcome them, thanks to its strong comeback. The company’s focus on improving IT services and expanding into new, innovative ways to serve its customers played a significant role in its post-pandemic resurgence. Services alone brought in more than $52 million in revenue, and the company plans to increase its IT, unified communications, and other services offerings to make up 20 percent of its total revenue over the next seven years.
POA’s geographic expansion also played a role in its success. The company saw increases in all of its markets, including a 4.9 percent increase in revenue in its largest market, Oregon. It also expanded to Las Vegas, Nevada, and Austin, Texas, and plans to grow in several other cities in 2023, including Flagstaff, Bellingham, Colorado Springs, Dallas, Houston, and San Antonio.
In conclusion, Pacific Office Automation demonstrated remarkable resilience and growth in the face of the pandemic, surpassing its revenue goal and projecting $442 million in revenue for 2023. The company’s commitment to improving its services and expanding into new markets is a testament to its drive for success and growth.
About Pacific Office Automation:
Founded in 1976, Pacific Office Automation (POA) is a privately held office technology company headquartered in Beaverton, Oregon. POA has more than 1,400 employees across ten states and is the largest authorized dealer of high-quality printer manufacturers in the United States. The company is dedicated to offering custom office solutions, state-of-the-art technology, and award-winning customer service to customers and the community. POA provides managed print services, enterprise-level IT services, software, office equipment, and unified communications all over the United States. To learn more, visit www.pacificoffice.com.
SOURCE Industry Analysts Inc.
