March 30, 2010
3Com Reports Q3 Profit Jump
By Matthew L. Brown
3Com Corp. reported a 6.5 percent revenue increase for its third quarter and a profit that jumped from $1.9 million a year ago to $41.4 million.
The Marlborough-based network switch, driver and router maker said all the regions in which it sells its products saw double-digit revenue increases except for China, where the company has a major presence. Revenue there was down 1.3 percent, the company said.
The company generated $89.7 million in cash from operations and finished the quarter with $795 million in cash and equivalents compared to $546 million a year ago.
WBJ Web Partners
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