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Zix posts 1Q profit

DALLAS (AP) _ Zix Corp. (ZIXI) on Tuesday reported first-quarter profit of $1.8 million.

The Dallas-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 7 cents per share.

The e-mail encryption company posted revenue of $15.9 million in the period.

For the current quarter ending in July, Zix expects its per-share earnings to be 6 cents.

The company said it expects revenue in the range of $16.1 million to $16.4 million for the fiscal second quarter.

Zix expects full-year earnings to be 28 cents per share, with revenue ranging from $66.2 million to $66.7 million.

Zix shares have increased 5.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.21, a rise of 28 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZIXI at https://www.zacks.com/ap/ZIXI


Keywords: Zix, Earnings Report