CORRECTION - eGain Announces Fiscal 2015 First Quarter Financial Results

SUNNYVALE, CA -- (Marketwired) -- 11/03/14 -- In the press release, "eGain Announces Fiscal 2015 First Quarter Financial Results," issued earlier today by eGain (NASDAQ: EGAN), we are advised by the company that the "Total assets" figure in the first column of the first table should read "53,098" rather than "51,913" as originally issued. Corrected text follows.

eGain Announces Fiscal 2015 First Quarter Financial Results

SUNNYVALE, CA -- (Nov 3, 2014) -- eGain (NASDAQ: EGAN)

eGain Corporation
                   Condensed Consolidated Balance Sheets
                               (in thousands)
                                (unaudited)

                                                September 30,    June 30,
                                                     2014          2014
                                                -------------  ------------
ASSETS
Current assets:
  Cash and cash equivalents                     $       5,111  $      8,785
  Restricted cash                                       1,944            30
  Accounts receivable, net                             15,402        11,163
  Deferred commissions                                    598           865
  Prepaid and other current assets                      1,870         1,348
                                                -------------  ------------
    Total current assets                               24,925        22,191
Property and equipment, net                             4,220         4,489
Deferred commission, net of current portion               225           337
Intangible assets                                       9,705             -
Goodwill                                               13,229         4,880
Other assets                                              794           750
                                                -------------  ------------
    Total assets                                $      53,098  $     32,647
                                                =============  ============


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable                              $       2,928  $      2,162
  Accrued compensation                                  6,931         5,729
  Accrued liabilities                                   3,960         1,456
  Deferred revenue                                     13,383        12,920
  Capital lease obligation                                399           392
  Bank borrowings                                       1,167         1,417
                                                -------------  ------------
    Total current liabilities                          28,768        24,076
Deferred revenue, net of current portion                1,380           793
Capital lease obligation, net of current
 portion                                                  381           625
Bank borrowings, net of current portion                10,533         3,583
Other long term liabilities                             2,307           521
                                                -------------  ------------
    Total liabilities                                  43,369        29,598
                                                -------------  ------------
Stockholders' equity:
  Common stock                                             26            25
  Additional paid-in capital                          338,967       330,657
  Notes receivable from stockholders                      (84)          (83)
  Accumulated other comprehensive loss                   (964)         (970)
  Accumulated deficit                                (328,216)     (326,580)
                                                -------------  ------------
    Total stockholders' equity                          9,729         3,049
                                                -------------  ------------
    Total liabilities and stockholders' equity  $      53,098  $     32,647
                                                =============  ============

eGain
Charles Messman
VP Finance
Phone: [phone]
Email: [e-mail]

MKR Group Investor Relations
Todd Kehrli or Jim Byers
Phone: [phone]
Email: [e-mail]