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eGain posts $5.8 M Q2 revenue
By siliconindia
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Friday, 31 January 2003, 20:30 IST
SUNNYVALE: eGain Communications Corporation (Nasdaq:EGAN) Friday posted revenues of $5.8 million for the second quarter of fiscal 2003.
This was as compared to $5.7 million in the prior quarter. On a proforma (non-GAAP) EBDA basis, which reflects earnings before depreciation, amortization, and other non-cash and restructuring charges, net profit for the quarter was $56,000 or $0.00 per share, compared to a proforma net loss of $2.9 million, or $0.08 per share, in the prior quarter. Non-cash charges include amortization expense, as well as accreted dividends.
On a GAAP basis, including non-cash and restructuring charges, net loss for the quarter was $2.4 million, or $0.07 per share, compared to a net loss of $8.1 million, or $0.22 per share, in the prior quarter.
"We are pleased to achieve EBDA break-even as planned this quarter," said Ashutosh Roy, eGain's chairman and chief executive officer. "Through 2002, we transitioned our business to a global operating model designed to deliver high customer satisfaction, sustained product innovation and a sound fiscal foundation. In 2003, we will focus on profitable growth based on our continued investment in customer satisfaction, market leading products, and distribution partnerships."