eGain Communications Corporation (EGAN)

[fourkids_9pets]

eGain reports net income for Q3, raises revenue guidance for fiscal 2011 Comtex News Network   "Datamonitor"

Friday, May 13 2011 5:48 AM, EST

May 13, 2011 (Datamonitor via COMTEX) -- eGain Communications , a provider of cloud and on-premise customer interaction hub software solutions, has reported that net income for the third quarter ended March 31, 2011 , was $567,000 , or $0.02 per diluted share, compared to a net loss of $318,000 , or $0.01 per diluted share, for the same quarter ended March 31, 2010 . The company has also provided its outlook for fiscal 2011.

Total revenue for the third quarter of fiscal 2011 was $8.91 million , compared to $6.94 million for the same quarter of fiscal 2010.

Net income for the nine months of fiscal 2011 was $6.43 million , or $0.27 per diluted share, compared to $1.53 million , or $0.07 per diluted share for the same period of fiscal 2010. Total revenue for the nine months of fiscal 2011 was $31.48 million , compared to $23.23 million , for the same period of fiscal 2010.

eGain is reportedly increasing its revenue guidance for fiscal 2011, and currently expects a year-over-year increase in total fiscal 2011 revenue between 30% and 35%, up from the previously provided range of between 25% and 30%.

In addition, eGain expects to be profitable and generate positive cash flows from operations in fiscal year 2011 and plans to invest a significant portion of anticipated top-line growth back into growing its distribution capability.

"We are raising our revenue guidance for the full fiscal year based on growing traction for our market-leading customer interaction hub suite as enterprises increasingly move away from single point solutions," said Ashu Roy , eGain CEO.

"We are increasing our direct sales capacity and we plan to introduce new products in the fourth quarter to expand our served markets."