in

Paul Strasser, COO of Pragmatics, on managing growth

Paul Strasser, COO of Pragmatics, on managing growth - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Paul Strasser, COO of Pragmatics, on managing growth - top government contractors - best government contracting eventBack in high school, Paul Strasser was a pole vaulter. “There aren“™t too many pole vaulters out there!“ he tells us. These days, Strasser is helping Pragmatics, a McLean, Va.-based company with over 400 employees, vault from one level to the next. The year he arrived at Pragmatics as chief operating officer, they closed the books at $31 million. This year, they’re going to bring in around $82 million. In the following Q&A, Strasser discusses that growth and how he is helping the company manage it.

What“™s the company“™s size “” in terms of employees and revenues?

Paul Strasser: We are about 400 employees, and we are going to do around $82 million this year. The good news is that we just won some important new business, including one very significant contract called Vanguard 1.0. These wins will lead us to approximately $120 million in revenue in our next fiscal year.

What“™s your biggest challenge in business right now as you manage this growth?

Paul Strasser: It actually is managing the growth. I“™ve been here since 2004; one month after I joined the company, we closed the books at about $31 million. So if we achieve $120 million in fiscal year 2009, that“™s quadruple the growth. We will have a compounded annual growth rate exceeding 30 percent per year “” in this business that is quite good, organically. Along with this growth comes an infrastructure growth responsibility, a staffing challenge, and then there is the ever-present need to ensure customer satisfaction and to have the right strategy in place to continue to grow at that pace.

736

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Executive Spotlight

Written by Admin

TCS Deal Seeks To Take Network Security Market By Storm - top government contractors - best government contracting event
TCS Deal Seeks To Take Network Security Market By Storm
3001 Embarks on new Odyssey with Northrop Deal - top government contractors - best government contracting event
3001 Embarks on new Odyssey with Northrop Deal