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Technology / AI and automation

COMPANY RESULT: MYLEX CORP

Mylex Corp has reported fourth quarter net profits down 42.2% at $3.0m on revenue down 8.5% at $37m; net profits for the year to December 31 were up 29.6% at $17.3m on revenue that rose 35.8% to $173.1m. Net per share fell 41.7% to $0.14 in the quarter and was up 19.4% to $0.80 in the year.

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CBR Staff Writer

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