Welcome to our dedicated page for Csp news (Ticker: CSPI), a resource for investors and traders seeking the latest updates and insights on Csp stock.
CSP Inc. (NASDAQ: CSPI) is at the forefront of tackling some of the most demanding challenges in computing, including performance, availability, and security concerns. As an industry leader, CSPI provides both hardware and service solutions, operating through two main pillars: the High-Performance Products Division and the Technology Solutions Division.
The High-Performance Products Division is known for its Myricom ARC series network adapters, which play a crucial role in financial trading, video and multimedia production, and packet capture. These high-performance products are essential in industries requiring fast and reliable network solutions.
In the Technology Solutions Division, the focus is on IT and cybersecurity services. This division is split into two primary areas:
- IT Professional Services: This segment offers comprehensive IT managed services, including 24/7 monitoring and expert support to help businesses manage and secure their IT infrastructure efficiently.
- Security Services: Known for its advanced
CSPi (NASDAQ:CSPI), a provider of managed IT and cloud services, has been recognized by CRN as part of the 2023 MSP 500 list, specifically in the Managed Security 100 category. This distinction acknowledges industry-leading service providers that drive growth and innovation in managed services. CSPi was selected for its comprehensive Vital™ Managed IT Services portfolio, which includes offerings like Managed Backup, Disaster Recovery, and Managed Security. The recognition is attributed to the company's commitment to its clients through professional services and technical expertise. This award highlights the essential role of managed service providers in helping organizations optimize IT efficiency and focus on core business goals.
CSPi (NASDAQ:CSPI) has been recognized on the 2023 Tech Elite 250 list by CRN, a notable achievement that highlights the company's excellence in managed IT, professional IT, and cloud services.
This annual list showcases solution providers in the U.S. and Canada who excel in technical certifications and specializations from key technology vendors.
The recognition testifies to CSPi's commitment to mastering industry-leading technologies and delivering unparalleled IT solutions to meet client demands, according to Peter Kaufman, VP of Advanced Technologies.
The April issue of CRN Magazine will feature a detailed overview of the Tech Elite 250 list, celebrating top providers like CSPi who demonstrate extensive IT knowledge and service capabilities.
CSPi reported strong financial results for the fiscal 2023 first quarter ending December 31, 2022, achieving $18.3 million in revenue, a 48% increase from the previous year. Product revenue soared by 63%, while services revenue grew 13%. The company declared a quarterly dividend of $0.03 per share, payable on March 14, 2023. Gross profit rose to $5.8 million, marking a gross margin of 31.7%, up nearly 2.5 percentage points year-over-year. The gross backlog stood at $22.9 million. CSPi's consistent growth reflects its strategic shift toward higher-value cybersecurity and managed services offerings.
LOWELL, MA / ACCESSWIRE / February 1, 2023 / CSPi (NASDAQ:CSPI) is set to release its fiscal first quarter financial results on February 8, 2023, prior to market open. CEO Victor Dellovo and CFO Gary W. Levine will conduct a conference call at 10:00 a.m. ET for a financial review and business update. Investors can access the live webcast or listen via telephone. CSPi operates two divisions focused on advanced technology solutions and cybersecurity initiatives, including ARIA Cybersecurity Solutions and Managed IT Services. For additional information, visit the company's website at cspi.com.
FAQ
What is the current stock price of Csp (CSPI)?
What is the market cap of Csp (CSPI)?
What does CSP Inc. specialize in?
What are the main segments of CSP Inc.?
What products are offered by the High-Performance Products Division?
What services are included in the Technology Solutions Division?
How does CSP Inc. contribute to cybersecurity?
What recent achievements has CSP Inc. made?
What financial information is available for CSP Inc.?
What is the primary source of revenue for CSP Inc.?
Who are CSP Inc.'s partners?
Where can I find more information about CSP Inc.'s services?
