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VALLEY AND VENTURA COUNTY BUSINESS | REGIONAL EARNINGS

MRV Communications Posts Record Profits

May 06, 1997

MRV Communications Inc. posted record profits and revenues in its first quarter, which ended March 31.

MRV's net income more than doubled to $4.3 million, up from $1.9 million in the same period a year earlier, while revenues rose 129% to $35.6 million, up from $15.5 million.

The company attributed part of its strong results to continued sales to key customers Intel, Fujitsu and Digital Equipment.

The Chatsworth-based company is a maker of fiber-optic products used in computer networks as well as cable TV and telecommunications.

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