Digi International reports Q2 EPS 51c, consensus 48c

Reports Q2 revenue $104.5M, consensus $104.1M. “In what seems to be an increasingly uncertain and rapidly changing marketplace, Digi has stayed focused on the execution of our solution oriented approach,” stated Ron Konezny, President and CEO. “This focus generated 12% year over year growth in ARR for the quarter and sustained our profitability. Our solutions strategy delivers real ROI for customers at a time when they need it the most. Our strong cash generation in the quarter paid down $25 million of debt, improving our forecast of no net debt from end of the calendar year to the end of our fiscal year. We believe Digi’s resiliency and adaptability, strengthened over our forty-year history, will prove invaluable as we navigate current and potential tariffs as well as the evolving global political and economic climate.”