View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 21, 1997updated 05 Sep 2016 12:57pm


By CBR Staff Writer

3Com Corp – currently in the process of buying US Robotics Corp – reported solid third quarter numbers in line with analysts’ expectations. Net earnings were up 17.5% at $87.6m, on revenue up 29.8% at $786.8m. Earnings per share for the quarter increased 11.9% to $0.47, ever so slightly better than the $0.46 that analysts expected. Sales of systems products, including switches, hubs, internetworking and remote access products, grew by 24% to $432.6, and sales of network adapters shot up 39% to $346.3m. For the first nine months of fiscal 1997, net income is up 91.2% at $284.8m on revenue up 39% at $2.32bn. Earnings per share for the first three quarters rose 82% to $1.53. Net income for the first nine months of 1996 included a of $69m associated with the acquisition of Chipcom Corp.


Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.