Burroughs Corp.'s fourth-quarter net income rose 22% from a year earlier on record revenue, the nation's No. 2 maker of mainframe computers said.
The earnings jump was in line with what most other major computer makers reported for the final quarter of 1985. Burroughs also made one of the more positive forecasts about its prospects for this year.
"We are hopeful that the trend of improved business conditions will continue in 1986 and, if this positive development is sustained, Burroughs will have another good year," Burroughs Chairman W. Michael Blumenthal said in a news release.
Blumenthal also said that the company expects its Memorex Corp. subsidiary to turn a profit in 1986. Losses at Santa Clara, Calif.-based Memorex have hurt Burroughs' earnings since it was acquired in 1981.