eGain (EGAN) Reports In-Line Q1 EPS

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eGain Announces Fiscal 2016 First Quarter Financial Results

November 4, 2015 4:07 PM EST

SUNNYVALE, CA -- (Marketwired) -- 11/04/15 -- eGain (NASDAQ: EGAN), the leading provider of cloud customer engagement solutions, today announced financial results for its fiscal 2016 first quarter ended September 30, 2015.

Ashu Roy, eGain's CEO, commented, "Our new cloud bookings this quarter were up more than 300% from a year ago and opportunities in the pipeline reflect our ongoing transition to the cloud. As expected, our top line was impacted by this transition, with a 64% decrease in on-premise license revenue in the quarter that drove a 20% decline in total revenue."

"We are pleased to... More