Digi Int'l (DGII) Tops Q2 EPS by 9c

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Go back to Digi Int'l (DGII) Tops Q2 EPS by 9c

Digi International Reports Second Fiscal Quarter 2022 Results

May 4, 2022 4:05 PM EDT

Record Quarterly Revenues of $95M

Record ARR of $90M

MINNEAPOLIS--(BUSINESS WIRE)-- Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2022.

Second Fiscal Quarter 2022 Results Compared to Second Fiscal Quarter 2021 Results1

Revenue was $95 million, an increase of 23%. Gross margin was 54.9% versus 52.3%. Gross margin excluding amortization was 56.3% compared to 53.8%. Net... More