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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
CSP Inc. (NASDAQ:CSPI) reported strong financial results for its fiscal 2022 fourth quarter and full year ended September 30, 2022. Product revenue surged by 98.5%, while service revenue increased by 24.6% year-over-year. For the full year, total revenue rose 10.5%, with EPS jumping 161.7%. The gross margin improved to 34.6%, supported by a high backlog of $23.2 million. CSPi also announced a quarterly dividend of $0.03 per share. Despite ongoing supply chain challenges, the company remains optimistic about fiscal 2023 growth prospects.
CSPi (NASDAQ:CSPI) will announce its fiscal fourth quarter and full year financial results on December 6, 2022, before the market opens. A conference call hosted by CEO Victor Dellovo and CFO Gary Levine is scheduled for 10:00 a.m. ET to discuss results and provide business updates. Interested parties can access the call via a live webcast or by telephone. CSPi specializes in security and packet capture products, managed IT, and technology solutions, helping clients enhance their operational success.
CSPi (NASDAQ:CSPI) has been named to the 2022 CRN Managed Service Provider 500 list in the Security 100 category. The prestigious recognition highlights CSPi's expertise in managed IT services and its Vital Managed IT Services offerings. This annual list identifies leading North American solution providers excelling in managed services.
CSPi's services include managed security, backup, disaster recovery, and cloud consulting, aimed at helping organizations optimize efficiency while maintaining budget control.
CSPi Technology Solutions, a business within CSPi (NASDAQ:CSPI), has been recognized in the 2022 Solution Provider 500 list by CRN, which ranks North America's largest solution providers by revenue. This recognition highlights CSPi's commitment to delivering managed IT and cloud services. The Solution Provider 500 list underscores the significant impact these companies have in the IT sector, with a combined revenue exceeding $434 billion. This achievement reflects the dedication of CSPi's engineering and sales teams in addressing client needs.
CSPi (NASDAQ:CSPI), a leader in security and technology solutions, is set to release its fiscal third quarter financial results on August 10, 2022, before the market opens. CEO Victor Dellovo and CFO Gary W. Levine will discuss the results in a conference call at 10:00 a.m. ET. Investors can access the call via a live webcast on CSPi's website or by dialing in. CSPi specializes in cybersecurity products and managed IT services, aiming to enhance data protection and operational efficiency for its clients.
BOSTON, June 06, 2022 (GLOBE NEWSWIRE) -- CSPi announces the launch of its ARIA Zero Trust Gateway, a next-gen network security solution utilizing NVIDIA's BlueField-2 DPU. This security technology is designed to address modern network threats by detecting and stopping attacks in real-time at speeds of 100G. Key features include automated operation, cost-effectiveness, and the capability to operate without impacting data performance. The gateway is set to enhance cybersecurity for network service providers and cloud operators, with availability for purchase starting now.
CSP Inc. (NASDAQ: CSPI) reported its fiscal 2022 second quarter results, showing a 21% increase in services revenue compared to the previous year. Despite a revenue drop to $12.0 million from $14.1 million, gross margin expanded by 4%, leading to profitability of $0.03 per diluted share. The backlog reached a record $17.3 million, more than doubling from $7.8 million a year ago. This includes significant contributions from the Technology Solutions and High-Performance Product segments, indicating strong demand. CSPi plans to leverage its growth strategy and has repurchased shares during the quarter.
CSPi (NASDAQ: CSPI) announced it will release its fiscal second quarter financial results before the market opens on May 11, 2022. CEO Victor Dellovo and CFO Gary W. Levine will host a conference call at 10:00 a.m. ET to discuss the results and provide a business update. Interested parties can access the live webcast from the company's website or join by phone using Conference ID: CSPQ222. CSPi specializes in security, packet capture products, and managed IT services, aiming to enhance technology solutions for its clients.
CSP Inc. (NASDAQ: CSPI) reported strong financial growth in Q1 FY2022, with total revenue rising by 9% to $12.4 million, driven by a 22% increase in services revenue. Despite pandemic-related supply chain issues impacting order fulfillment, gross margins remained stable at 29.2%. The company reported a net loss of $366,000, a decrease from a net income of $1.2 million in Q1 FY2021, primarily due to prior gains from PPP loans. Cash reserves totaled $19.3 million, supporting future growth initiatives, including a re-activated stock repurchase program.
CSPi (NASDAQ: CSPI) will announce its fiscal first quarter financial results on February 9, 2022, before the market opens. The company's President and CEO, Victor Dellovo, along with CFO Gary W. Levine, will conduct a conference call at 10:00 a.m. ET to discuss the results and provide a business update. Interested parties can access the call via a live webcast on CSPi’s website or by phone. The results will provide insights into the company’s performance, impacting financial position and stock evaluation.
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