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CSP INC. ANNOUNCES SECOND QUARTER RESULTS FOR FISCAL 1992

 CSP INC. ANNOUNCES SECOND QUARTER RESULTS FOR FISCAL 1992
 BILLERICA, Mass., March 17 /PRNewswire/ -- CSP Inc. (NASDAQ: CSPI) announced second quarter sales of $4,014,000 representing an increase of 21 percent over the same period last year. Sales for the first half (six months) of fiscal 1992 were $7,770,000 which represents an increase of 22 percent over the same period last year. Net income for the second quarter at $409,000 (10.2 percent of sales) rose 60 percent over the prior year reaching $697,000 for the first six months, a 54 percent increase over the prior year, despite reduced investment income.
 SuperCard sales maintained the momentum gained in past months with the dual processor version (SuperCard 2XL) contributing significant volume. MAP sales to geophysical and medical imaging customers remain at healthy levels. There has been renewed interest in MasterScan with the introduction last month of a new software package, DNAScan, which will commence shipment in April.
 CEO David Botten commented, "The excellent results year-to-date indicate our success in maintaining our strategy of strength in our traditional vector processor markets while we build presence in the bio-instrumentation arena.
 "Worldwide emphasis on COTS-based defense programs have given us access to previously captive, in-house customers and we are pursuing opportunities in both new defensive programs and the refurbishment of existing weapons systems.
 "DNAScan was very well received when exhibited for the first time at the ASB&B exhibition in Houston during February. It's clear that DNA sequencing is an application that can support various software solutions at different price-performance levels and we plan to offer several separate packages so as to appeal to the widest possible audience."
 CSPI was founded in 1968 with specific strengths in digital signal processing and computer technology. Today, CSPI is recognized as a leading manufacturer of vector processors which enhance a computer's ability to perform high-speed arithmetic. Markets served include science and engineering applications in signal processing, sonar/radar/ ASW, image processing, seismic research, medical imaging, electronic publishing and others. In addition to its vector processor products, CSPI recently formed a new division, Scanalytics, for the development and marketing of turnkey imaging systems. CSPI is a public company with stock traded OTC via NASDAQ.
 CSP INC.
 Condensed Statement of Operations
 (Unaudited)(Dollars in thousands)
 Three months ended Six Months Ended
 2/29/92 2/28/91 2/29/92 2/28/91
 Sales $4,014 $3,318 $7,770 $6,370
 Costs & Expenses, net:
 Cost of sales 1,452 1,292 2,882 2,416
 Engineering & development 722 750 1,476 1,392
 Marketing & sales 913 793 1,768 1,568
 General & administrative 476 344 964 796
 Total costs & expenses 3,563 3,179 7,090 6,172
 Operating profit 451 139 680 198
 Investment income, net 193 263 373 470
 Income before taxes 644 402 1,053 668
 Net income $409 $277 $697 $45
 Primary earnings per share 15 cents 10 cents 26 cents 17 cents
 Primary shares outstanding 2,747,252 2,672,527 2,726,291 2,678,896
 -0- 3/17/92
 /CONTACT: Gary Levine of CSPI, 617-272-6020/
 (CSPI) CO: CSP Inc. ST: Massachusetts IN: CPR SU: ERN


EG-SH -- NE002 -- 8658 03/17/92 09:15 EST
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Date:Mar 17, 1992
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