Redwood City, CA--April 24, 1996--N.E.T. reported revenue of $91.8 million for the fourth quarter ended March 31, 1996, a 12 percent increase from $81.8 million reported in the comparable period last year. Net income for the quarter was $9.3 million, or $0.43 per share on a fully diluted basis, compared to $7.6 million, or $0.38 per share (excluding a one-time tax benefit of $9.9 million or $0.45 per share) for the same period a year ago. For the fiscal year ended March 31, 1996, revenue totaled $338.9 million, and increase of $54.9 million, or 19 percent above the $284.0 million reported in fiscal year 1995. Net income for the fiscal year ended March 31, 1996 was $31.4 million, or $1.50 per share on a fully diluted basis, compared to $17.2 million or $0.87 per share (excluding the tax benefit of $9.9 million) for the prior year. Return to Headlines
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