TSS Shifts Toward AI Data Centers as Revenue Falls, Profits Rise
TSS reported second-quarter revenue down 20% to $35.1M, but gross profit rose 11% and adjusted EBITDA increased 12%. The company is exiting lower-margin procurement work and expanding systems integration for AI and HPC, with systems integration up 46% to $13.9M and growing to 39% of revenue. Facilities management rose 84% to $2.7M, and TSS began turning an idle Round Rock facility back on. It also plans a $17M AI data center technology investment.