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DIGI INTERNATIONAL REPORTS FIRST QUARTER 1993 SALES AND EARNINGS

 MINNEAPOLIS, Jan. 25 /PRNewswire/ -- Digi International Inc. (NASDAQ: DGII) today announced record sales and earnings, before initial application of Statement of Financial Accounting Standards No. 109, of $19.7 million and $3.5 million, respectively, for the quarter ended Dec. 31, 1992.
 Sales for the first fiscal quarter of 1993 exceeded sales for the first quarter of 1992 by 57 percent, while first quarter 1993 earnings before the cumulative prior-year effect of the initial application of SFAS No. 109, Accounting for Income Taxes, surpassed 1992 quarterly earnings by 47 percent. Earnings per share before the change in accounting for the first fiscal quarter of 1993 were $.25 compared to $.17 per share for first fiscal quarter of 1992.
 "In the first fiscal quarter of 1993 we saw continued strength in all areas of our business," said Mike Moroz, president and chief executive officer. "Particularly gratifying was the strong performance of our European operations, apparently bucking industry trends; and increasing interest in our local area networking and wide area networking products."
 Digi International is a leading provider of data communications hardware and software products. The company produces these communications subsystems under the DigiBoard and Arnet tradenames for the rapidly growing microcomputer-based multiuser and networked systems market. Digi International was recently ranked the 25th best small company in the United States by Forbes magazine.
 DIGI INTERNATIONAL
 FIRST QUARTER 1993 SALES, EARNINGS
 First Quarter
 1993 1992
 Sales $19,679,000 $12,565,000
 Operating Income 4,873,000 3,144,000
 Income before cumulative
 effect of a change in
 accounting for income taxes 3,525,000 2,397,000
 Cumulative effect of the
 change in accounting for
 income taxes 122,000 ---
 Net income $3,647,000 $2,397,000
 Income Per Share:
 Before cumulative effect of
 change in accounting for
 income taxes $.25 $.17
 Cumulative effect of the
 change in accounting for
 income taxes .01 ---
 Net income $.26 $.17
 Weighted average common and
 common equivalent shares
 outstanding 14,104,360 13,852,442
 -0- 1/25/93
 /CONTACT: Jerry Wall, 612-943-9020 or Maureen McGarrigle, 612-943-5347, both of Digi International/
 (DGII)


CO: Digi International Inc. ST: Minnesota IN: CPR SU: ERN

MP -- MN011 -- 8749 01/25/93 17:00 EST
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Publication:PR Newswire
Date:Jan 25, 1993
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