CSG predicts record profit in FY11

IT services provider CSG Limited (ASX:CSG) is hopeful of generating a record profit in FY11.

In a report to shareholders, CSG managing director Denis Mackenzie said the company intends to chase more multi-year managed infrastructure and application services contracts during the financial year.

CSG's print services business is primed for growth, having gained 10,000 customer contracts by signing on as a customer reseller, he added.

CSG reported a 35% increase in FY10 profit to $31.5 million. CSV shares are today trading 1.11% higher in FY11.