CSP Inc.

Good day, ladies and gentlemen, and welcome to the CSPI's first quarter fiscal 2019 conference call. My name is Aaron, and I will be your conference coordinator today. At this time, all participants are in listen-only mode. We will conduct a question and answer session toward the end of this conference call. You may press star then 1 at any time to register to ask a question. I would now like to turn the call over to CSPI Chief Financial Officer Gary Levine. Please proceed, sir.

Good morning, everyone, and thank you for joining us. With me on the call today is Victor Dellovo, CSPI's Chief Executive Officer. Before we begin, I would like to remind you that during today's call, we will take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to statements that may be deemed to be forward-looking under the Act. The company cautions that numerous factors could cause actual results to differ materially from forward-looking statements made by the company. Such risks include general economic conditions, market factors, competitive factors, and pricing pressures and others described in the company's filings with the SEC. Please refer to the section on forward-looking statements included in the company's filings with the Security and Exchange Commission. During today's call, after Victor provides an introduction, I'll discuss our first quarter financials. Victor will come back on for an update on the business segments and on our strategic progress, and then we'll open it up to your questions. With that, I'll turn it over to Victor.

Thanks, Gary. We delivered a solid start to the fiscal year 2019, where revenues are 14%. Strong demand for managed IT services in the U.S. offset software multi-computer sales and development delays for our next-generation cybersecurity products. On the bottom line, we reported a net income of $50,000, or one cent per diluted share. In our high-performance product segment, we continue to develop value-added capabilities for our legacy Maricom network adapters and have now advanced our next-generation ARIA SDS cybersecurity solutions to the customer evaluation stage. In the technology solution, our U.S. operations benefit from new and larger projects for our managed IT services and wireless practice. After Gary reviews our financial results for the quarter, I'll come back with detailed review of our achievements and our progress in Q1 by segment. Gary.