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DIGI INTERNATIONAL INC. REPORTS RECORD RESULTS FOR FOURTH QUARTER AND YEAR END 1992

 DIGI INTERNATIONAL INC. REPORTS RECORD
 RESULTS FOR FOURTH QUARTER AND YEAR END 1992
 MINNEAPOLIS, Nov. 12 /PRNewswire/ -- Digi International Inc. (NASDAQ: DGII) today announced record sales of $17.1 million and record earnings of $3.4 million for the quarter ended Sept. 30, 1992.
 Sales increased 43 percent over the fourth quarter of 1991, while earnings increased 51 percent over the same period. Earnings per share for the 1992 quarter were $.24 compared to $.18 for the fourth quarter of 1991.
 Digi International Inc. also posted record sales and earnings for the year ended Sept. 30, 1992, of $57.79 million and $11.45 million, respectively. This represents a 41 percent increase in sales and a 43 percent increase in earnings over fiscal 1991. Earnings per share for 1992 were $ .82 compared to $ .65 for 1991.
 "While the whole year has been strong, continuing our trend of record sales and earnings, we went into the fourth fiscal quarter of 1992 with the largest backlog in the company's history," said Mike Moroz, Digi International's president and chief executive officer. "This definitely contributed to the results we are announcing today. The backlog we have going into the first fiscal quarter of 1993 is even greater than last quarter. The acceptance of our products in the marketplace is very gratifying."
 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
 (Dollars in thousands, except per share amounts)
 Three Months Ended
 9/30/92 9/30/91
 Sales $17,134 $12,003
 Operating income 4,466 3,057
 Net income $3,383 $2,243
 Net income per share $.24 $.18
 Weighted average common and common
 equivalent shares outstanding 13,998,587 12,579,365
 Year Ended
 9/30/92 9/30/91
 Sales $57,789 $40,843
 Operating income 14,958 11,006
 Net income $11,447 $7,982
 Net income per share $.82 $.65
 Weighted average common and common
 equivalent shares outstanding 14,011,461 12,319,808
 -0- 11/12/92
 /CONTACT: Jerry Wall, 612-943-9020, or Maureen McGarrigle, 612-943-5347, both of Digi/
 (DGII) CO: Digi International Inc. ST: Minnesota IN: CPR SU: ERN


KH -- MN009 -- 0354 11/12/92 16:06 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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