ACT Networks Inc, Camarillo, California frame relay WAN access specialist, reported fourth-quarter net income down 84% at $113,000, or $0.01 per share, on revenue up 48% at $13.4m. For the year, net income was $1.5m, or $0.15 per share, on revenue up 73% at $49.2m, compared to a loss of $5.7m a year ago. Results […]
ACT Networks Inc, Camarillo, California frame relay WAN access specialist, reported fourth-quarter net income down 84% at $113,000, or $0.01 per share, on revenue up 48% at $13.4m. For the year, net income was $1.5m, or $0.15 per share, on revenue up 73% at $49.2m, compared to a loss of $5.7m a year ago. Results include acquisition charges of $3.4m and $5.6m for 1997 and 1996, respectively.
