Costa Mesa, Calif.--Jan. 21, 1998--Qlogic Corp. announced thatrevenues for its third fiscal quarter ended Dec. 28, 1997 rose to a record $20.9 million, up 20 percent compared with the $17.4 million reported for the same quarter a year ago. Third quarter net income grew 135 percent to $3.9 million, or a record $0.43 per share on a diluted basis, compared with the $1.7 million, or $0.27 per share on a diluted basis, from a year ago.
For the first nine months of fiscal 1998, revenues expanded to $58.7 million compared with the $49.9 million reported for the same period a year ago. Net income for the first nine months grew 142 percent to $9.2 million, or $1.19 per share on a diluted basis, compared with net income of $3.8 million, or $0.64 per share on a diluted basis, from a year ago.
3545 Harbor Blvd.
Costa Mesa, CA 92626
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