eGain Swings to Profit in Fiscal Q4 (NASDAQ:EGAN)


eGain (NASDAQ:EGAN) reported fiscal Q4 net income was $0.05 per share, swing from a loss of $0.11 a year ago, exceeding expectations for a $0.03 loss from a single analyst polled by Capital IQ. In the quarter ended June 30, the provider of cloud customer engagement solutions said revenue edged up to $17.6 million from $17.1 million, topping expectations from three analysts for sales of $17.5 million.

The stock decreased 2.87% or $0.08 on September 13, hitting $2.71. About 29,354 shares traded hands or 64.08% up from the average. eGain Corp (NASDAQ:EGAN) has declined 22.93% since February 8, 2016 and is downtrending. It has underperformed by 39.42% the S&P500.

eGain Corporation provides cloud and on-site customer engagement software solutions. The company has a market cap of $70.15 million. The Firm is engaged in the development, license, implementation and support of customer service infrastructure software solutions. It currently has negative earnings. The Firm optimizes service processes across the Web, social and phone channels. eGain transforms fragmented sales engagement and customer service activities into unified customer interaction hubs.

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