DIGI INTERNATIONAL REPORTS RECORD SALES AND EARNINGS
DIGI INTERNATIONAL REPORTS RECORD SALES AND EARNINGS MINNEAPOLIS, Jan. 27 /PRNewswire/ -- Digi International Inc.
(NASDAQ: DGII) today announced record sales and earnings for the quarter ended Dec. 31, 1991. It is the 23rd consecutive quarter of record sales and ninth consecutive quarter of record earnings.
Sales for the first quarter of 1992 exceeded sales for the first quarter of 1991 by 62 percent, while quarterly earnings for 1992 surpassed quarterly earnings for 1991 by 41 percent. The company attributes increased sales to continued strong product demand and sales of its Arnet subsidiary. 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 United States by Forbes and Business Week magazines. DIGI INTERNATIONAL INC. FIRST QUARTER 1992 1991 Sales $12,565,000 $7,752,000 Operating income 3,144,000 2,275,000 Net income $2,397,000 $1,698,000 Net income per share $.26 $.21 Weighted average common and common equivalent shares outstanding 9,235,000 8,246,000 -0- 1/27/92 /CONTACT: Jerry Wall or Maureen McGarrigle both of Digi International, 612-943-9020/ (DGII) CO: Digi International Inc. ST: Minnesota IN: CPR SU: ERN
AL -- MN001 -- 3645 01/27/92 10:39 EST
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|Date:||Jan 27, 1992|
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