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Technology / AI and automation

COMPANY RESULT: ADAPTEC INC

Adaptec Inc has reported second quarter net profits up 122.1% at $1.2m on revenue up 44.2% at $215.0m; mid-term net fell 39.6% to $19.2m on revenue up 45.2% at $417.1m. Net per share, up 100% to $0.02 in the quarter, fell 42% to $0.34 in the half.

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CBR Staff Writer

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