Digi International Reports Fiscal First Quarter 2002 Financial Results

1/16/2002 - Digi International® Inc. (Nasdaq: DGII), the leading provider of Connectware(TM), a category of wired and wireless, hardware and software connectivity solutions, today announced fiscal first quarter 2002 revenue of $25.2 million, which exceeds Wall Street consensus estimates. Excluding amortization of intangible assets, net of taxes and restructuring charges, net income is $0.04 per diluted share, which also exceeds Wall Street consensus estimates. Digi's net loss for the first fiscal quarter of 2002 was $0.5 million, or $0.03 per diluted share, compared to a loss of $0.4 million in the first quarter of fiscal 2001, or $0.03 per diluted share.

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