Press Releases

December 13, 2011 CSP Inc. Postpones Financial Results Announcement and Related Conference Call Originally Scheduled for December 14
CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it is postponing its fourth-quarter and fiscal-year 2011 financial results announcement and related conference call originally scheduled for Wednesday, December 14, 2011. The Company and its independent accounting firm require additional time to complete the review and audit of the Company’s fiscal 2011 financial results. Once the review is complete, CSP will announce a new date for the news release and conference call. About CSP Inc. Based in Billerica, Massachusetts and founded in 1968, CSP Inc. and its subsidiaries develop and market best-of-breed IT solutions, systems integration services, and high-performance computer systems. CSP’s Systems segment includes the MultiComputer Division, which supplies high-performance Linux cluster systems for a broad array of defense applications, including radar, sonar and surveillance signal processing. The...
December 6, 2011 CSP Inc. to Announce Fourth-Quarter and Fiscal-Year 2011 Financial Results on December 14
CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its fourth-quarter and fiscal-year 2011 financial results before the market opens on Wednesday, December 14, 2011. CSP Chairman and Chief Executive Officer Alexander R. Lupinetti and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that morning to review the financial results and provide a business update. To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at www.cspi.com. Individuals may also listen to the call via telephone, by dialing (877) 709-8155 or (201) 689-8881. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for one year on CSP’s website. About CSP Inc. Based in Billerica, Massachusetts and founded in 1968, CSP Inc. and its subsidiaries develop and market best-of-breed...
August 3, 2011 CSP Inc. Reports Third-Quarter Fiscal 2011 Financial Results
CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today reported financial results for the third quarter of fiscal 2011 ended June 30, 2011. “Looking forward, we are optimistic about positive trends on both sides of the business” For the third quarter of fiscal 2011, total sales were $19.7 million compared with $28.6 million for the third quarter of 2010. For the first nine months of 2011, sales were $61.0 million compared with $71.2 million in the year-earlier period. Gross profit for the third quarter of fiscal 2011 was 18.0% compared with 17.0% in the third quarter a year ago. For the first nine months of fiscal 2011, gross profit was 20.0% compared with 18.0% in the same period of fiscal 2010. Net loss for the third quarter of fiscal 2011 was $0.2 million, or $0.06 per share, compared with net income of $0.6 million, or $0.17 per diluted share, in the third quarter of fiscal 2010. For the first nine months of...
July 18, 2011 CSP Inc. to Announce Third-Quarter Fiscal 2011 Financial Results on August 3
CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its third-quarter fiscal 2011 financial results before the market opens on Wednesday, August 3, 2011. CSP Chairman and Chief Executive Officer Alexander R. Lupinetti and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that morning to review the financial results and provide a business update. To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at www.cspi.com. Individuals may also listen to the call via telephone, by dialing (877) 709-8155 or (201) 689-8881. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for one year on CSP’s website. About CSP Inc. Based in Billerica, Massachusetts and founded in 1968, CSP Inc. and its subsidiaries develop and market best-of-breed IT solutions,...
May 4, 2011 CSP Inc. Reports Second-Quarter Fiscal 2011 Financial Results
Demand Environment Strong Across Service and Systems Integration Segment Service and Systems Integration Gross Margins Grew 300 Basis Points YOY to 16% May 04, 2011 08:30 AM Eastern Daylight Time CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today reported financial results for the second quarter of fiscal 2011 ended March 31, 2011. “We also are poised to capitalize on strong demand across the Service and Systems Integration segment and to make progress on our strategy to attract higher-margin consulting, as well as solutions and managed services business. As a result, we continue to be optimistic about the remainder of fiscal 2011.” For the second quarter of fiscal 2011, total sales were $19.2 million compared with $23.9 million for the second quarter of 2010. For the first six months of 2011, sales were $41.3 million compared with $42.6 million in the year-earlier period. Gross profit for the second quarter of...
April 14, 2011 CSP Inc. to Announce Second-Quarter Fiscal 2011 Financial Results on May 4
Company to Webcast Conference Call Live CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its second-quarter fiscal 2011 financial results before the market opens on Wednesday, May 4, 2011. CSP Chairman and Chief Executive Officer Alexander R. Lupinetti and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that morning to review the financial results and provide a business update. To listen to a live webcast of the call, please visit the “ Investor Relations ” section of the Company’s website at www.cspi.com . Individuals may also listen to the call via telephone, by dialing (877) 709-8155 or (201) 689-8881. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for one year on CSP’s website. About CSP Inc. Based in Billerica, Massachusetts and founded in 1968, CSP Inc. and its subsidiaries...
February 9, 2011 CSP Inc. Announces New Stock Repurchase Program
CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, yesterday reported that its Board of Directors has authorized a new stock repurchase program, which authorizes the Company to buy up to 250,000 shares of its Common Stock. Stock purchases under the program will be made from time-to-time at the discretion of management. CSP currently has approximately 99,000 shares authorized to repurchase under its previous stock repurchase program after it purchased 45,661 shares in the most recently reported first quarter of fiscal 2011. About CSP Inc. Based in Billerica, Massachusetts and founded in 1968, CSP Inc. and its subsidiaries develop and market best-of-breed IT solutions, systems integration services, and high-performance computer systems. CSP’s Systems segment includes the MultiComputer Division , which supplies high-performance Linux cluster systems for a broad array of defense applications, including radar, sonar and...
February 7, 2011 CSP Inc. Reports 18% Year-Over-Year Revenue Growth for First-Quarter of Fiscal 2011
Reports $0.11 Earnings Per Diluted Share in Q1 Compared with Loss of $0.21 in Year-Earlier Period; MODCOMP Gross Margins Climb 300 bps as Company Makes Progress on Strategy to Grow Consulting and Managed Service Business   BILLERICA, Mass.-( BUSINESS WIRE )- CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today reported financial results for the first quarter of fiscal 2011 ended December 31, 2010. “We began the fiscal year with solid top- and bottom-line financial results in the first quarter” For the first quarter of fiscal 2011, total sales increased 18% to $22.1 million from $18.7 million in the first quarter of fiscal 2010. Gross profit for the first quarter increased 97% to $4.5 million and gross profit margin increased 800 basis points to 20% from 12%. Net income for the first quarter of fiscal 2011 was $0.4 million, or $0.11 per diluted share, compared with a net loss of $0.7 million, or $0.21 per...
January 26, 2011 CSP Inc. to Announce First-Quarter Fiscal 2011 Financial Results on February 7
Company to Webcast Conference Call Live CSP Inc. (NASDAQ: CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its first-quarter fiscal 2011 financial results after market close on Monday, February 7, 2011. CSP Chairman and Chief Executive Officer Alexander R. Lupinetti and Chief Financial Officer Gary W. Levine will host a conference call at 4:30 p.m. (ET) that afternoon to review the financial results and provide a business update. To listen to a live webcast of the call, please visit the “ Investor Relations ” section of the Company’s website at www.cspi.com . Individuals may also listen to the call via telephone, by dialing (877) 709-8155 or (201) 689-8881. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for one year on CSP’s website. About CSP Inc. Based in Billerica, Massachusetts and founded in 1968, CSP Inc. and its subsidiaries...

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