Adaptec Ends Fourth Quarter With Profit
Profit up from a year ago.Adaptec Inc. reported its fourth quarter and end-of-the-year results last week. In the quarter ending March 31, income was $24.9 million, or 22 cents per share, versus a loss of $3.7 million, or 3 cents per share, a year ago.
Income for the fiscal year was $62.9 million or 54 cents a share. The company had a net loss of $15.4 million or 14 cents a share a year earlier.