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Monday, August 15, 2011
Computer Software Innovations, Inc. Announces Second Quarter 2011 Financial Results

 Easley, SC – (MARKET WIRE) – August 15, 2011 – Computer Software Innovations, Inc. (OTCBB: CSWI), CSI Technology Outfitters(TM) ("CSI") today announced its financial results for the second quarter and six months ended June 30, 2011.

 
Financial Highlights:
 
·         Revenues of $13.5 Million for the Second Quarter of 2011, 18% below the Second Quarter of 2010; New Cloud Services offerings trending up, with higher expectations for Q3.
·         Gross Profit of $3.0 Million for the Second Quarter of 2011, relatively flat at 2% below the Second Quarter of 2010;
·         Operating Income of $0.4 Million for the Second Quarter of 2011, 32% below the Second Quarter of 2010; Increased investment in Sales Team;

·         EBITDA of $0.9 Million for the Second Quarter of 2011, 19% below the Second Quarter of 2010.

 

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