Key Developments For CSP Incorporated
CSP Incorporated (CSPI.O) (Consolidated Issue listed on NASDAQ Global Market)
CSP Inc. Comments On FY 2009 Outlook
CSP Inc. announced that for fiscal 2009, it expects to report revenue and net income growth.
CSP Inc. Announces New Stock Repurchase Program
CSP Inc. announced that its Board of Directors have authorized a new stock repurchase program, which authorizes the Company to buy up to 350,000 shares of its Common Stock. Stock purchases under the program will be made from time-to-time at the discretion of management. The Company currently has approximately 53,000 shares authorized to repurchase under its previous stock repurchase program.
CSP Inc. Comments On FY 2009 Revenue Guidance
CSP Inc. announced that it expects revenues in fiscal 2009 to return to approximately the levels the Company reported in the years prior to fiscal 2007, when it recorded an unusually large contract.
CSP Inc. Comments On FY 2009 Revenue Guidance
CSP Inc. announced that few of the contracts it had expected to record in fiscal 2008 have been pushed out to fiscal 2009 and 2010, as a result, the Company has a stronger order pipeline going into fiscal 2009 and expect revenue growth year-over-year. The Company anticipates a more typical revenue run rate in fiscal 2009 that should approximate the level of sales it reported in the years prior to the Raytheon contract.
CSP Inc. Announces Acquisition Of Complementary IT Solutions Company
CSP Inc. announced that it has acquired Miami-based R2 Technologies, an IT Solutions and Managed Services Provider. The Company purchased R2 Technologies for $2 million in an all-cash transaction. R2 Technologies will be operated as a division of MODCOMP's Florida-based Systems and Solutions Division.
