Business
CSPi Reports Fiscal 2025 Second Quarter Results; AZT PROTECT New Business Pipeline Continues to Increase Globally
Board Declares $0.03 per Share Quarterly Dividend LOWELL, MA / ACCESS Newswire / May 14, 2025 / CSP Inc. (NASDAQ:CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, ...
About this update from Csp Inc.
[{"type":"text","content":"Board Declares $0.03 per Share Quarterly Dividend","length":49,"tagName":"p"},{"type":"text","content":"LOWELL, MA / ACCESS Newswire / May 14, 2025 / CSP Inc. (NASDAQ:CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, today announced results for the fiscal second quarter ended March 31, 2025. The Company also announced that the Board of Directors declared a quarterly dividend of $0.03 per share payable June 11, 2025, to shareholders of record at the close of business on May 28, 2025.","length":470,"tagName":"p"},{"type":"text","content":"Recent Achievements and Operating Highlights","length":44,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Continued AZT PROTECT™ marketplace momentum results in additional new customers during the fiscal second quarter including a South African cell tower provider.","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"Global pharmaceutical company renewed twelve months' customer support for AZT PROTECT in a six-figure contract.","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Strengthened reseller relationships with Rockwell Automation and others led to greater market exposure via webinars and regional events and an expanded pipeline.","length":161,"tagName":"p"}]},{"val":[{"type":"text","content":"In April, we signed multi-year contracts with a Florida-based healthcare provider.","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"Ended the quarter with over $29 million in cash and cash equivalents and no long term debt; Robust balance sheet enabled the Company to repurchase 23,800 shares of CSPI common stock for $384 thousand during the fiscal second quarter.","length":233,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":750,"olType":false},{"type":"text","content":""Excluding a single, multi-million-dollar deal recorded in the year-ago fiscal second quarter, our business generated double-digit sales growth in the fiscal second quarter compared to the year-ago period," commented Victor Dellovo, Chief Executive Officer. "The prior year multi-million-dollar sale has proven to be successful resulting in the customer renewing customer support for twelve months in a six-figure contract during the fiscal second quarter. D...