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CSP Inc.

Q22019

5/8/2019

speaker
Aaron
Conference Coordinator

Good day, ladies and gentlemen, and welcome to the CSPI Second Quarter Fiscal 2019 Conference Call. My name is Aaron, and I'll be your coordinator for today. At this time, all participants are in listen-only mode. We will conduct a question-and-answer session toward the end of the conference call. You may register to ask a question at any time by pressing the star then 1 on your touchtone phone. Please be advised, today's program may be recorded. I would now like to turn the call over to CSPI Chief Financial Officer Gary Levine. Please proceed, sir.

speaker
Gary Levine
Chief Financial Officer

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'd like to remind you that during today's call, we'll 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 second quarter financials. Victor will come back for an update on our 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.

speaker
Victor Dellovo
Chief Executive Officer

Thanks, Gary. During the second quarter, we advanced our transformation to become a cybersecurity, wireless, and managed service company. Financially, strong demand for our managed IT services was offset by a soft and melty computer sales and resulted in a slightly lower year-over-year revenue. In our high-performance product segments, we advanced the customer evaluation stage for our ARIA SPS cybersecurity solution and experienced good demand for our legacy Miracom network adapters. In the technology solution, our U.K. operation delivered a strong quarter, and our U.S. operation benefited from the growing base of customers for our managed IT services. After Gary reviews our financial results for the quarter, I'll come back with a detailed review of our achievements and our progress in Q2 by segment. Gary.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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