eGain (EGAN) Preliminary Q1 Revs Miss Views; Sees Cloud Revs Up 40%

eGain Communications (NASDAQ: EGAN) announced preliminary financial results for its fiscal 2013 first quarter ended September 30, 2012.

Fiscal First Quarter Selected Preliminary Financial Results:

• The company currently expects to report total revenue between $10.0 million and $10.5 million for the first quarter ending September 30, 2012. The Street is at $10.8 million.
  
  
• The company currently expects to report new business mix of 94% new cloud (hosting) contracts and 6% new license and support contracts for the first quarter; and
  
  
• The company currently expects cloud revenues for the first quarter to increase 40% over the first quarter of fiscal 2012.

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