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TSS results below CEO’s expectations

TSS Inc., of Columbia, a technology services company, reported second-quarter results that its CEO called “below our expectations.” TSS had a net loss of $1.3 million, or 9 cents per share, compared with a loss of $964,000 and 7 cents for the prior-year period. Revenue dropped to $6.3 million from $7 million in the 2013 quarter. CEO Anthony Angelini said in a statement: “Our second-quarter results were below our expectations and do not reflect the potential of our company. Earlier in the year, we changed several members of our sales organization, resulting in improved sales activity for the business solutions we are emphasizing. That said, some key customer projects that we planned would occur in the second quarter slipped to later in the year.”

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