Digi International Inc. (NASDAQ:DGII) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Digi International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25% to $0.06 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Decreased 1.67% to $48.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Digi International Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company met the mean analyst estimate of $0.06. It beat the average revenue estimate of $48.04 million.
Quoting Management: ”We have spent significant time this quarter in strategically focusing the Digi team to be the premier provider of M2M solutions,” said Joe Dunsmore, President and Chief Executive Officer. “The reception from potential customers and partners in the salesforce.com ecosystem has been very positive. We see momentum building around our solutions combining Digi’s deep device expertise with Etherios’ ability to integrate devices directly into an organization’s core business processes.”
Key Stats (on next page)…