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Tech Industry

Short Take: Fore profits fall, revenues increase

Fore Systems said its second-quarter net profits fell by more than half while its revenues increased slightly. The networking firm reported profits of nearly $7 million for the quarter, compared with $13.4 million a year ago. Revenues rose to $109.7 million, up from $98 million a year earlier. The company has been battling disappointing quarters and perceptions that it has maxed out its ATM strengths, pointing to an increase in ATM sales over the previous quarter.

Fore Systems said its second-quarter net profits fell by more than half while its revenues increased slightly. The networking firm reported profits of nearly $7 million for the quarter, compared with $13.4 million a year ago. Revenues rose to $109.7 million, up from $98 million a year earlier. The company has been battling disappointing quarters and perceptions that it has maxed out its ATM strengths, pointing to an increase in ATM sales over the previous quarter.