Daegis shifts to profit in its first quarter
08/31/2012 12:00 AM
08/30/2012 9:54 PM
Daegis, the Roseville-based "electronic discovery" company, reported net income of $157,000 for its first quarter ended July 31.
That compares with a loss of $1.8 million, or 12 cents per share, in the same quarter last year. No earnings per share accompanied the first-quarter profit.
First-quarter revenue was $9.6 million, compared with $11.5 million in the year-ago period.
The company, long known as Unify Corp., renamed itself Daegis in July 2011, one year after it spent $38 million to buy San Francisco software maker Daegis.
"Electronic discovery" generally refers to discovery in civil litigation in connection with exchanging information in an electronic format.
– Mark Glover
Editor's Choice Videos
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.