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Technology / AI and automation

COMPANY RESULTS

Tandem Computers Inc has reported fourth quarter net profits of $71.0m, up from just $3.2m last time, on turnover that rose 9.1% at $604.4m; net profit for the year to September 30 were $170.2m against a loss last time of $517.7m, which included a $451m restructuring charge and a $12.3m gain from an accountancy change, on turnover that rose 3.8% at $2,018m. Net earnings per share were $0.62, up from $0.03 in the quarter, and $1.50 in the year.

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