Digital Equipment Corp. reported another powerful profit gain Wednesday, posting a 98% increase in quarterly profit and a 22% gain in revenue.
The big computer maker said it earned $269.96 million in its second quarter, ended Dec. 27, up from $136.1 million for the same quarter a year earlier.
Revenue totaled $2.27 billion compared to $1.86 billion a year earlier.
"DEC has been on a roll for 18 months," said analyst John Levinson of Goldman, Sachs & Co. "They have newer, faster, cheaper offerings and better networking," he said.
For the six months ended Dec. 27, the Maynard, Mass.-based high technology firm reported income of $452.6 million, an increase of 117% over the $208.4 million it reported for the comparable period the year before.