EGain (EGAN) Q4 Earnings Lag Estimates, SaaS Revenues Up Y/Y
Zacks Investment Research | Sep 03, 2019 10:26PM ET
eGain (NASDAQ:EGAN) reported fourth-quarter fiscal 2019 adjusted earnings of 2 cents per share, which missed the Zacks Consensus Estimate by a couple of cents. However, the figure jumped 50% year over year.
Revenues of $16.8 million increased 7.9% from the year-ago quarter (per revenue recognition standard 606) but missed the consensus mark. At constant currency (cc), revenues increased 10%.
The company witnessed strong demand for AI-powered customer engagement capabilities, particularly within its partner base, which includes the likes of Cisco (NASDAQ:CSCO), Deloitte, Avaya and Amazon (NASDAQ:AMZN). eGain also won several new customers throughout fiscal 2019.
Top-Line Details
Subscription revenues (90% of total revenues) increased 11.9% year over year (14% at cc) to $15.1 million. SaaS revenues grew 26% year over year at cc to $11.6 million. Legacy support revenues declined 12% year over year at cc to $3.6 million.
eGain Corporation Price, Consensus and EPS Surprise
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