eGain (EGAN) Tops Q3 EPS by 5c

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Go back to eGain (EGAN) Tops Q3 EPS by 5c

eGain Reports 30% Growth Year Over Year in Recurring Revenue in Q3 2018

May 7, 2018 4:05 PM EDT

SUNNYVALE, Calif., May 07, 2018 (GLOBE NEWSWIRE) -- eGain (NASDAQ: EGAN), a leading provider of cloud customer engagement solutions, today announced financial results for its fiscal 2018 third quarter ended March 31, 2018.

Fiscal 2018 Third Quarter Financial Highlights

SaaS revenue was $8.9 million, up 74% year over year from Q3 2017. Total revenue, excluding legacy license revenue, was $15.6 million, up 23% year over year from Q3 2017.Recurring revenue was $13.2 million, up 30% year over year and 84% of total revenue.Recurring revenue gross margin was 75%, up from 69% in Q3 2017.GAAP operating... More