CSPI..."For the first quarter, revenues increased 16% year over year and net income grew to $0.07 per diluted share from a net loss per share of $0.12 a year ago."
Nice forward looking statements also.
CSPI is a nice growing company with an approx 8% dividend yield and a verrrrry low float. Trading in the mid $5's, this is a good strong long term hold into next year (IMO).
Hopefully they will have a little something to say about the new director Azeri (Google) in the cc. (I'll listen to it later today).
From the earnings report...
"Myricom’s historical product line continues to perform ahead of our initial expectations, and the commercialization of our next-generation products is progressing well. We expect meaningful revenue from our new network adapters for the financial services market in our third fiscal quarter. Our next-generation products have the potential to expand our commercial market reach and become the primary growth driver for HPP.
“At our Technology Solutions (TS) division, we made significant progress operationally on our core strategy to increase revenues from managed services,” said Dellovo. “On a global basis, we continue to implement new processes and take actions to focus our sales force on generating sales from these higher margin offerings. We are increasing our managed services pipeline, and are beginning to close deals at a greater frequency.
“While we still have much work to do, the most significant changes to transform the business are in place, and we are now focused on the solid execution of our strategy,” said Dellovo. “We have created many opportunities for CSPi, and we are looking forward to capitalizing on our potential in fiscal 2016 and beyond.”
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