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DIGI INTERNATIONAL INC. REPORTS RECORD FOURTH QUARTER AND YEAR END RESULTS

                DIGI INTERNATIONAL INC. REPORTS RECORD
                  FOURTH QUARTER AND YEAR END RESULTS
    MINNEAPOLIS, Nov. 13 /PRNewswire/ -- Digi International Inc. (NASDAQ: DGII) today announced record sales of $12.0 million and record earnings of $2.2 million for the quarter ended Sept. 30, 1991.
    Sales increased 7 percent over the third quarter of 1991 and 72 percent over the fourth quarter of 1990.  Earnings increased 9 percent over the previous quarter and 45 percent over the same period for 1990.  Earnings per share for the 1991 quarter were $.27 versus $.19 for the fourth quarter of 1990.
    Digi International Inc. also posted record sales and earnings for the year ended Sept. 30, 1991, of $40.84 million and $7.98 million, respectively.  This represents a 76 percent increase in sales and a 58 percent increase in earnings over the same period in 1990.  Earnings per share for 1991 were $.97 compared to $.62 for 1990.
    "The increasing power of multiuser microcomputer systems and the acceptance of the UNIX operating system have fueled the growth rate in this market," said John Schinas, Digi International chief executive officer and chairman of the board.  "As the leading provider of connectivity solutions in the market, we have positioned Digi to capitalize on this growth and it is reflected in our fourth quarter and year end results."
    Digi International Inc. is a leading provider of data communications hardware and software products that permit microcomputers to function as multiuser systems in a variety of operating system environments.  The company produces these communications subsystems under the DigiBoard and Arnet trade names for the rapidly growing multiuser microcomputer connectivity market.  Digi International was recently ranked fifth of the best small companies in the U.S. by Forbes and Business Week magazines.
                        DIGI INTERNATIONAL INC.
                                                    Three Months Ended
                                                   9/30/91      9/30/90
    Sales                                       $12,003,000   $6,984,000
    Operating income                              3,057,000    2,091,000
    Net income                                   $2,243,000   $1,544,000
    Net income per share                               $.27         $.19
    Weighted average common and
     common equivalent shares outstanding         8,386,243    8,213,078
                                                        Year Ended
                                                   9/30/91      9/30/90
    Sales                                       $40,843,000  $23,193,000
    Operating income                             11,006,000    6,390,000
    Net income                                   $7,982,000   $5,043,000
    Net income per share                               $.97         $.62
    Weighted average common and
     common equivalent shares outstanding         8,213,205    8,191,144
    -0-                       11/13/91
    /CONTACT:  Jerry Wall of Digi International, 612-943-9020/
    (DGII) CO:  Digi International Inc. ST:  Minnesota IN:  CPR SU:  ERN AL -- MN001 -- 3854 11/13/91 10:32 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 13, 1991
Words:428
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