eGain (EGAN) Reports In-Line Q3 EPS

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eGain Announces Fiscal 2016 Third Quarter Financial Results

May 5, 2016 4:07 PM EDT

SUNNYVALE, CA -- (Marketwired) -- 05/05/16 -- eGain (NASDAQ: EGAN), a leading provider of cloud customer engagement solutions, today announced financial results for its fiscal 2016 third quarter ended March 31, 2016.

Ashu Roy, eGain's CEO, commented, "We delivered solid new subscription bookings this quarter, including a seven figure cloud deal through our Cisco channel. We continued to streamline our business as we operationalize our cloud transition, achieving cash flows from operations of $2.8 million this quarter. Our top line revenue declined over the prior year, primarily due to lower sales of perpetual licenses as we continue... More