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[December 28, 2020]
CSP Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2020 Results
LOWELL, Mass., Dec. 28, 2020 (GLOBE NEWSWIRE) CSP Inc. (NASDAQ: CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, reported financial and operating results for the 2020 fiscal fourth quarter and fiscal year ended September 30, 2020 and provided a business update.
Fourth Quarter Key Achievements
Gross margin improved by 8 percentage points compared to the year-ago fiscal fourth quarter, as higher margin offerings gain market acceptance
Managed Services Practice remains strong as new and existing customers continue to generate meaningful momentum
Ended fiscal year 2020 with a robust cash balance to fund growth objectives