Digi International Q2 2014 revenue slightly down

Digi International Inc. (NASDAQ: DGII) said it has reported revenue of USD45.9m for the second fiscal quarter of 2014, compared with USD48.2m for the second fiscal quarter of 2013.

Net income was USD0.7m, or USD0.03 per diluted share, in the second fiscal quarter of 2014 compared to USD1.0m, or USD0.04 per diluted share, in the year ago comparable quarter.

Net income in the second fiscal quarter of 2014 was positively impacted by a reversal of certain tax reserves in connection with the conclusion of a federal income tax audit more fully described later in this earnings release, resulting in a tax benefit of USD1.1m, or USD0.04 per diluted share. However, net income in the second fiscal quarter of 2013 was unfavorably impacted by a legal settlement with US Ethernet Innovations, LLC of USD1.0m, net of taxes, or USD0.04 per diluted share.

Digi International is an M2M solutions expert, combining products and services as end-to-end solutions to drive business efficiencies. Its website is at www.digi.com

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