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Article: Inet Technologies Reports Third Quarter Financial Results; Company's Cost Management Strategy Results in Profitable Quarter While Maintaining Strong Balance Sheet.
- Article from:
- Business Wire
- Article date:
- October 11, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
RICHARDSON, Texas--(BUSINESS WIRE)--Oct. 11, 2001
Inet Technologies, Inc. (NASDAQ:INTI), a leading global provider of communications software solutions for next-generation networks, today reported financial results for its third quarter ended September 30, 2001.
Revenues for the three months ended September 30, 2001 were $25.4 million versus revenues of $41.4 million in the third quarter of 2000. The Company reported net income of $869,000, or $0.02 per diluted share, for the third quarter of 2001, compared to net income of $10.1 million, or $0.22 per diluted share, for the same period last year.
"I commend the Inet ...
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