Digi International Reports Third Fiscal Quarter 2013 Results

Meets Street EPS Consensus Estimate for Third Fiscal Quarter 2013

MINNEAPOLIS — (BUSINESS WIRE) — July 25, 2013 — Digi International® Inc. (NASDAQ: DGII, www.digi.com) reported revenue of $48.8 million for the third fiscal quarter of 2013, compared with $47.6 million for the third fiscal quarter of 2012, an increase of $1.2 million, or 2.5%. Net income was $1.5 million, or $0.06 per diluted share, in the third fiscal quarter of 2013 compared to $2.3 million, or $0.09 per diluted share, in the year ago comparable quarter.

“Earnings for the quarter met the Street consensus estimate,” said Joe Dunsmore, President and Chief Executive Officer. “We are encouraged by the revenue pipeline development of The Social Machine® we released during the quarter which enables the connection of widely deployed devices into core business processes via the salesforce.com platform.”

Below is a table setting forth certain GAAP and non-GAAP results:

GAAP Results
(in thousands, except per share data)   Q3 2013   Q3 2012   YTD 2013   YTD 2012
Net Sales $48,824 $47,632 $144,012 $143,310
Operating Income $1,892 $2,082 $3,983 $6,327
Net Income $1,528 $2,307 $3,758 $5,153
Net Income per Diluted Share $0.06 $0.09 $0.14 $0.20
 
Non-GAAP Results*
(in thousands, except per share data) Q3 2013 Q3 2012 YTD 2013 YTD 2012
Operating Income $1,892 $3,045 $5,471 $7,586
Net Income $1,416 $1,853 $4,093 $4,680
Net Income per Diluted Share $0.05 $0.07 $0.16 $0.18
 
* A table with a detailed reconciliation to non-GAAP information is provided later in this earnings release.
 

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs

Synopsys: Custom Compiler

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
DVCon Europe 2017: Munich and So much more
More Editorial  
Jobs
Analog Hardware Engineer for Teradyne Inc at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
FPGA Engineer for Teradyne Inc at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Field Application Engineer for Teradyne Inc at San Jose, CA
Upcoming Events
15th IEEE/ACM ESTIMedia 2017 at Seoul Korea (South) - Oct 19 - 20, 2017
11th International Symposium on Networks-on-Chip (NOCS 2017) at Seoul Korea (South) - Oct 19 - 20, 2017
ESTIMedia 2017 at Seoul Korea (South) - Oct 19 - 20, 2017
25th IFIP/IEEE International Conference on Very Large Scale Integration (VLSI-SoC 2017) at Yas Viceroy Abu Dhabi Yas Marina Circuit, Yas Island Abu Dhabi United Arab Emirates - Oct 23 - 25, 2017
CST: Webinar series
Verific: SystemVerilog & VHDL Parsers
TrueCircuits: IoTPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise