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Exhibit 99.1
FOR IMMEDIATE RELEASE
For more information contact:
Investor Relations |
|
Media Relations |
Ciel Caldwell |
|
Joseph Vukson |
508.323.1198 |
|
508.323.1228 |
ciel_caldwell@3com.com |
|
joseph_vukson@3com.com |
3COM REPORTS FISCAL Q4 RESULTS
Records Sequential Revenue Gains Across All Regions
Fourth Quarter Highlights
Revenue of $177 million, up 10 percent sequentially;
Americas revenue increased 20 percent, Asia Pacific revenue grew 6 percent and EMEA revenue grew 2 percent over the third fiscal quarter; and
Enterprise networking products revenue of $164 million grew 11 percent sequentially, driven by a full quarter of TippingPoint product sales and strong double-digit growth in voice and wireless.
MARLBOROUGH, Mass. June 29, 2005 3Com Corporation (NASDAQ: COMS) today reported financial results for its fourth quarter of fiscal year 2005 ended June 3, 2005.
Revenue for the quarter was $177 million. Gross profit was $62 million, or 35 percent of revenue. Operating expenses were $125 million, including $8 million in restructuring charges and $4 million in amortization. This resulted in a net loss of $58 million, or $0.15 per share. This compares to a net loss of $53 million or $0.14 per share in the third quarter of fiscal year 2005, and $19 million, or $0.05 per share, for the fourth quarter of fiscal year 2004.
The company ended the quarter with $844 million in cash, cash equivalents and short-term investments.
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