Recently moved Daegis reports quarterly loss, Roseville office stays

Published: Monday, Dec. 9, 2013 - 8:21 pm

Daegis Inc., the Roseville electronic discovery and information-management firm that recently moved its headquarters to Irving, Texas, reported a net loss of $210,000, or a penny per share, in its fiscal second quarter ended Oct. 31.

In the same quarter last year, the company reported net income of $252,000, or a penny a share.

Daegis still oversees an office in Roseville. The company said it will close its San Francisco and New York offices, “while maintaining its bi-coastal presence with the Roseville and Rutherford, N.J. offices.”

Second quarter revenue totaled $7.7 million, compared with $10.3 million in the year-ago period.

“While we had a challenging second quarter from a revenue standpoint, we believe we’ll begin to see our plans translate into growth starting in the second half of the year,” said CEO Tim Bacci.

Call The Bee’s Mark Glover, (916) 321-1184.

Read more articles by Mark Glover

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