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Technology / AI and automation

COMPANY RESULT: 3COM CORP

3Com Corp has reported fourth quarter net profits up 202% at $89.2m on turnover up 25.7% at $829.9m; net profits for the year to May 31 were up 110% at $373.9m on revenue that rose 35.2% to $3.1bn. Net earnings per share rose 182% to $0.48 in the quarter, up 100% to $2.02 in the year. Year ago fourth-quarter comparatives include a one-time write off of $53.3m for purchased in-process research and development.

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