Operator
Good day, and thank you for standing by. Welcome to the Fiscal Second Quarter 2021 Digi International Earnings Conference Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Jamie Loch, Chief Financial Officer. Please go ahead.
Jamie Loch
Senior Vice President, Chief Financial Officer, and Treasurer
Thank you, Grace. Good afternoon, everyone, and thank you for joining us today to discuss the fiscal 2021 second quarter results of Digi International. Joining me on today s call is Ron Konezny, our President and CEO. Ron will provide his thoughts on our business, and I will follow with the highlights of our financial performance. Following our prepared remarks, we ll take your questions. We issued our earnings release shortly after the market closed today. You can obtain a copy through the Financial Releases section of our Investor Relations website at digi.com. Some of the statements that we make during this call are conside
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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 first fiscal quarter ended December 31, 2020.
First Fiscal Quarter 2021 Results Compared to First Fiscal Quarter 2020 Results
Revenue increased to $73.1 million compared to $62.3 million, an increase of $10.8 million, or 17.4%.
Net loss per diluted share decreased to ($0.01) compared to net income per diluted share of $0.01. Net loss for the first quarter of fiscal 2021 includes an earn-out adjustment of $5.8 million, or $0.19 per fully diluted common share.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to Digi s International s 2021 First Fiscal Quarter Earnings Call. [Operator Instructions]
I will now hand the conference over to your speaker today, Jamie Loch, Senior Vice President, CFO and Treasurer.
Jamie Loch
Senior Vice President, Chief Financial Officer, and Treasurer
Thank you, Carmen. Good afternoon, everyone, and thank you for joining us today to discuss the fiscal 2021 first quarter results of Digi International. Joining me on today s call is Ron Konezny, our President and CEO. Ron will provide his thoughts on our business, and I will follow with the highlights of our financial performance. Following our prepared remarks, we ll take your questions. We issued our earnings release shortly after the market closed today. You may obtain a copy through the financial releases section of our Investor Relations website at digi.com.
Location: Hopkins, MN
Ron Konezny joined Digi International in December 2014, as President and Chief Executive Officer. Prior to joining, he was Vice President, Global Transportation and Logistics division of Trimble Navigation Limited, a global provider of navigation and range-finding equipment and related solutions. Konezny has extensive experience in the wireless M2M industry working with solutions comprised of hardware and cloud-based applications.
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