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Technology / AI and automation

COMPANY RESULT: ADAPTEC CORP

Adaptec Corp has reported first quarter net profits that fell 42.5% at $17.9m, which includes $26.5 exceptional charge for write-off of in-process research unit on revenue up 46.4% to $202.0m. Net earnings per share were down by 44.8% to $0.32.

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CBR Staff Writer

CBR Online legacy content.