eGain Expects FY21 Results To Top Guidance, Consensus

eGain Corp EGAN expects FY21 revenue and earnings to be at or above the high end of its previously provided guidance range.
The company had expected revenue of $77.3 million to $77.9 million, versus the analyst consensus of $76.34 million.
It expected SaaS revenue of $66 million to $66.4 million.
It estimated non-GAAP net income of $6.2 million to $7.1 million, GAAP net income of $4.4 million to $5.3 million, or $0.13 to $0.16 per share.
The company’s non-GAAP EPS guidance was $0.19 to $0.22, compared to the analyst consensus of $0.15.
It expects to end FY21 with $63 million in cash and no debt.
Price action: EGAN shares closed lower by 1.54% at $10.89 on Wednesday.