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Short Take: MicroAge reports record quarter

MicroAge reported a record net income of $5.2 million, 34 cents a share, for its fourth fiscal quarter ending November 3, compared to a net loss of 40 cents per share, which included a one-time charge of $9 million last year. Revenue for the quarter was a record $1 billion. Net income for fiscal 1996 was $13.3 million, 89 cents a share, compared to $.2 million, 2 cents a share, for fiscal 1995.

MicroAge reported a record net income of $5.2 million, 34 cents a share, for its fourth fiscal quarter ending November 3, compared to a net loss of 40 cents per share, which included a one-time charge of $9 million last year. Revenue for the quarter was a record $1 billion. Net income for fiscal 1996 was $13.3 million, 89 cents a share, compared to $.2 million, 2 cents a share, for fiscal 1995.