Digi International Reports Second Fiscal Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)--Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced its financial results for its second fiscal quarter ended March 31, 2024. Second Fiscal Quarter 2024 Results Compared to Second Fiscal Quarter 2023 Results Revenue was $108 million, a decrease of 3%. Gross profit margin was 57.9%, an increase of 130 basis points. Net income was $4 million, c