beats by $0.11, beats on revenue

EGAN reported second-quarter fiscal 2019 adjusted earnings of 8 cents per share that comfortably beat the Zacks Consensus Estimate by 7 cents.

The figure also came well above the year-ago quarter’s adjusted earnings of 2 cents.

Revenues of $16.68 million increased 8.3% from the year-ago quarter per revenue recognition standard 605.
The figure increased 15% year over year to $17.7 million per the new revenue recognition standard 606.
The quarter results benefited from a mix of new bookings and customer renewals owing to demand for eGain’s services.

The Zacks Consensus Estimate for revenues was pegged at $16 million.

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