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EGain fiscal Q2 loss narrows YOY

eGain Corp. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was a loss of 3 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 10 cents per share.

The per-share loss decreased 77.0% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $791,250, compared with a loss of $3.4 million in the prior-year period.

The normalized profit margin climbed to negative 4.2% from negative 17.9% in the year-earlier period.

Total revenue came to $19.0 million, compared with $18.9 million in the prior-year period, and total operating expenses decreased 19.9% on an annual basis to $19.5 million from $24.3 million.

Reported net income totaled a loss of $1.4 million, or a loss of 5 cents per share, compared to a loss of $5.3 million, or a loss of 20 cents per share, in the prior-year period.