RSS   Newsletter   Contact   Advertise with us

CSP gross margin in Q4 increased to 24.6%

Share on Twitter Share on LinkedIn
Staff Writer | January 13, 2017
CSP reported financial results for the fourth quarter of fiscal 2016 ended September 30, 2016.
CSP
CSP   A provider of IT solutions
CSP also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record January 27, 2017 payable February 8, 2017.

For the fourth quarter of fiscal 2016, revenue was $25.6 million compared with $27.7 million in the fourth quarter a year ago. For full year fiscal 2016, revenue was $103.4 million compared with $89.3 million for fiscal year 2015.

Gross margin in Q4 increased to 24.6% from 21.4% in the prior year as a result of higher margin product and service sales. For the full year, gross margin was 24.2% compared with 21.5% for the prior year due to leverage on higher volumes.

Net income for the fourth quarter of fiscal 2016 was $561,000, or $0.14 per diluted share, compared with net income of $653,000, or $0.18 per share, in the fourth quarter of fiscal 2015.

For the full year fiscal 2016, net income was $2.6 million, or $0.67 per diluted share, compared with a net loss of $210,000, or $0.06 per share, for fiscal year 2015.

Cash and short-term investments increased to $13.1 million from $11.2 million at year end.


 

MORE INSIDE POST