Business
CSP Inc. Reports Fiscal Year 2020 Second Quarter Financial Results
LOWELL, Mass., May 14, 2020 (GLOBE NEWSWIRE) -- CSP Inc. (NASDAQ: CSPI), a provider of security and packet capture products, managed IT and professional
About this update from Csp Inc.
[{"type":"text","content":"LOWELL, Mass., May 14, 2020 (GLOBE NEWSWIRE) -- CSP Inc. (NASDAQ: CSPI), a provider of security and packet capture products, managed IT and professional services and technology solutions, reported financial results for the 2020 fiscal second quarter ended March 31, 2020 and provided a business update.\n “Our team was performing well during the second quarter and meeting our expectations prior to the COVID-19 pandemic,” commented Victor Dellovo, Chief Executive Officer. “To minimize the business disruption, we quickly adjusted our operations to comply with local and federal requirements and currently over 90% of the team is working remotely, which allows us to maintain contact with customers. Despite the current environment we are continuing to experience a growing interest in our newest offerings, ARIA and Unified-Communications-as-a-Service (UCaaS) business as we continue to transition to a cybersecurity, wireless and managed service markets company. We believe this is especially critical because of the increased threat to the global digital infrastructure, which is today’s lifeline to the outside world. For example, in the past few weeks we have had over a dozen customer engagements and virtual demonstrations as large and small enterprises are recognizing the need to upgrade their systems to protect customers, now and well into the future. With this rising interest in ARIA and our UCaaS offerings, we are cautiously optimistic we will convert a good number of these opportunities to revenue when the business environment is more favorable.\" Recent Operating Highlights Introduced the new ARIA Advanced Detection and Response (ADR) application, which automatically detects and stops cyberattacks without requiring highly trained security staff.Integrated ARIA Cybersecurity Solutions with Juniper Networks’ Juniper Secure Analytics Platform™, providing deep network visibility, as well as the accelerated incident response needed to disrupt cybersecurity threats before extensive harm can be done.Integrated ARIA Cybersecurity Solutions with Sumo Logic’s Continuous Intelligence Platform™ to provide security teams with cloud-native, real-time security intelligence and insights to help stop network-borne threats, including those involving Internet of Things (IoT) devices, without interfering with business operations.Received four awards at t...