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

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