IT services firm CSP's Q2 revenue rises 22%, returns to profit
Overview
US security and IT services firm's fiscal Q2 revenue rose 22% yr/yr
Company returned to profitability with net income of $264,000, or $0.03 per share
Gross margin declined to 27.9% from 32% due to higher product revenue mix
Outlook
CSP expects full-year growth compared to fiscal 2025
Company says it is on track to generate growth in the second half of the year
CSP says cloud and managed services will remain growth drivers, with AZT PROTECT contributing
Result Drivers
PRODUCT REVENUE GROWTH - Key customer order fulfillment and increased AZT PROTECT deployments drove 30% product revenue growth
TECHNOLOGY SOLUTIONS MOMENTUM - U.S. Technology Solutions business led revenue growth, supported by demand for complex cloud and enterprise needs
SERVICES SEGMENT GROWTH - Services revenue rose 6.6%, attributed to high customer retention and best-in-class service
Company press release: ID:nACSwDHQca
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $16 mln |
|
Q2 Gross Profit |
| $4.5 mln |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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