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May 1, 1997updated 05 Sep 2016 12:45pm

BAY NETWORKS PREDICTS RISING REVENUE IN 1998

By CBR Staff Writer

Bay Networks Inc chief financial officer David Rynne says that the company expects revenues to be on the rise in fiscal 1998, following flat revenue for 1997. How much of a rise is still a mystery, though. Bay recently reported third quarter revenues off 1.7% at $512.9m (CI No 3,141). For the year-to-date, revenue was up 1.9% at $1.55bn. Analysts expect a profit of $0.11 a share for the fourth quarter.

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