Half of Large Enterprises Hit by Financial Losses Due to Network Outages
Digi International Inc. (DGII)
Last digi international inc. earnings: 1/30 04:05 pm
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/4i-m.url
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Source: Business Wire
New research uncovers increasing costs of downtime, with lengthy resolution times, creating financial and reputational damage for organizations EDISON, N.J.--(BUSINESS WIRE)--Fifty percent of CIOs report their businesses have recorded financial losses due to increased downtime, according to research commissioned by Opengear, a Digi International company (NASDAQ, DGII, www.digi.com). The global study that polled 500 network engineers and 500 CIOs across the U.S., U.K., France, Germany, and Australia, indicates both the volume and costs of downtime are spiraling.The research shows that mean time to recovery (MTTR) is also ramping up, wreaking further havoc on companies’ finances and reputations. It now takes organizations an average of 11.2 hours to find and resolve a network outage after it’s reported, an increase of nearly two hours since Opengear conducted a similar study in 2020. While CIOs rank financial loss as the most severe impact of network outages, the study reveals a much
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DGII
Earnings
- 1/31/24 - Beat
DGII
Analyst Actions
- 2/5/24 - Stephens & Co.
DGII
Sec Filings
- 2/21/24 - Form 3
- 2/14/24 - Form SC
- 2/13/24 - Form SC
- DGII's page on the SEC website