PADUCAH, Ky. (Oct. 6, 2014) – CSI, whose full name is Computer Services Inc. (OTCQX: CSVI) today reported record revenues and net income for the second quarter of fiscal 2015, which ended August 31, 2014.
CSI’s revenues grew 2.9 percent to $55.6 million for the second quarter of fiscal 2015 compared with $54.0 million for the second quarter of fiscal 2014. Net income rose 17.5 percent to $7.6 million for the second quarter of fiscal 2015 compared with $6.5 million in the second quarter of fiscal 2014. Net income per share increased 20.0% to $0.54 for the second quarter of fiscal 2015 compared with $0.45 for the prior year’s second quarter.
“CSI reported record revenues and net income in our second fiscal quarter and benefited from new customer contracts coming online and cross-sales to existing customers,” stated Chief Executive Officer Steven A. Powless. “We also continue to have high contract renewal rates from existing customers that provide CSI with a solid base of recurring revenues. This marked our 41st consecutive quarter of revenue growth, and we are poised to report continued revenue growth this fiscal year based on these trends.
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