Emulex Corp. - Costa Mesa, Calif.
3rd Quar March 26:
2000 1999
Revenue $36,518,000 $18,235,000
Net income 7,678,000 1,355,000
Avg shrs (basic) 35,754,000 24,632,000
Avg shrs (diluted) 38,430,000 27,647,000
Shr earns (basic)
Net income .21 .06
Shr earns (diluted)
Net income .20 .05
9 Months:
Revenue 99,017,000 48,032,000
Net income 23,245,000 2,217,000
Avg shrs (basic) 35,149,000 24,589,000
Avg shrs (diluted) 38,173,000 27,026,000
Shr earns (basic)
Net income .66 .09
Shr earns (diluted)
Net income .61 .08
Emulex Corp. (EMLX) began recording an effective tax rate of 35% during the third quarter, compared with a 10% effective tax rate in 1999.
The company attributed results to sales of fibre channel adapters, which grew 13% sequentially, and its fibre channel backlog, which expanded 30% sequentially.
Emulex supplies fibre channel host adapters, hubs, ASICs and software products for fibre channel storage area networks.
|
