eGain (EGAN) Reports Q1 Loss of $0.02

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Go back to eGain (EGAN) Reports Q1 Loss of $0.02

eGain Reports 16% Growth Year Over Year in SaaS Revenue and $5.9 Million in Operating Cash Generated in Q1 2018

November 8, 2017 4:06 PM EST

SUNNYVALE, Calif., Nov. 08, 2017 (GLOBE NEWSWIRE) -- eGain (NASDAQ: EGAN), a leading provider of cloud customer engagement solutions, today announced financial results for its fiscal 2018 first quarter ended September 30, 2017.

Fiscal 2018 First Quarter Financial Highlights

SaaS revenue was $6.8 million, up 16% year over year from Q1 2017. Total revenue, excluding legacy license revenue, was $14.4 million, up 10% year over year from Q1 2017.Recurring revenue was $11.6 million, up 7% year over year and 80% of total revenue.Recurring revenue gross margin improved to 74%, from 73% in Q1... More