San Jose, CA--July 22, 1996--IMP Inc. (San Jose, CA) announced results for the first fiscal quarter ended June 30, 1996.
Revenues for the first fiscal quarter ended June 30, 1996, were $23.5 million, an increase of 42 percent from $16.5 million reported in the same quarter of fiscal 1996. Net income for the quarter was $2.5 million, or 9 cents per share. This compares to net income of $593,000 or 2 cents per share, during the first fiscal quarter of 1996.
On a sequential basis, IMP's revenues increased 7.8 percent from the $21.8 million reported last quarter, while net income increased 13.6 percent from the $2.2 million of the prior quarter.
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