May 22, 1996
QLogic Corp., which makes computer data transfer products, posted declines in profit and revenue for the fiscal year ended March 31. Net income fell to $666,000, or 12 cents a share, from $2 million, or 35 cents a share, for the previous year. Revenue declined 7% to $53.8 million from $57.7 million. For the fourth quarter, net income rose to $732,000, or 13 cents a share, from $35,000, or 1 cent a share, a year ago. Revenue was up 28% to a record $16.2 million from $12.7 million.
CALIFORNIA | LOCAL
July 8, 1997 |
Attracting businesses to downtown and extending the hours of the Police Resource Center are among the goals the Moorpark City Council will consider at a Wednesday meeting. Each year, city staff members lay out what they want to accomplish during the new fiscal year, which began July 1. Overall goals include encouraging community involvement in local government and keeping youths out of trouble.
November 20, 1986
WCS International reported net income of $1.5 million for its fiscal year ended July 31, contrasted with a net loss of $223,376 for the prior fiscal year. The Anaheim-based scrap metal exporter said revenue for the year totaled $31.4 million, contrasted with revenue of $13.5 million for the previous year. The company attributed the gains to an increased market share.
CALIFORNIA | LOCAL
February 25, 1998
To give incoming members more time to review the city's estimated $50-million budget, the City Council has moved the beginning of its fiscal year from July to October. City officials said the July 1 beginning of the fiscal year did not give new council members enough time to evaluate the budget. Newly elected council members typically take office the third week in April. The change in the fiscal year will take place Oct. 1, 1999.
August 7, 2002 |
The number of U.S. work visas issued to foreigners has fallen by half in the last fiscal year, a drop analysts attributed more to the foundering U.S. technology industry than to a post-Sept. 11 visa crackdown. About 60,500 temporary visas for foreigners with special computer-related or other technical skills were issued from Oct.
June 27, 1991
The city will begin the new fiscal year without an approved budget, after the City Council decided Tuesday to take more time to study an $11.3-million proposal. The council will consider the budget at its July 9 meeting. The fiscal year begins Monday. The proposed budget includes 39 capital improvement projects totaling $4.9 million. If all are undertaken, the city will face a $1.2-million deficit, City Administrator James E. McRea said.
January 12, 2000
General Automation Inc., an Irvine provider of computer products and services, reported net income of $791,000, or 8 cents a share, for the fiscal year ended Sept. 30, contrasted with a loss of $12.4 million, or $1.33 a share, for the prior year. Net income in 1999 included an extraordinary gain of $3.5 million. Sales were down 6% to $28.9 million from $30.7 million.
CALIFORNIA | LOCAL
December 19, 1994 |
Ventura cut general government spending by 18% between June, 1993, and June of this year, according to the city's annual financial report released Friday. The report reviews the city's finances for the 1993-94 fiscal year, which began July 1, 1993, and ended June 30. The report also states that the city's sales-tax revenue rose 1% from the prior fiscal year. Although that is a good indicator of a strengthening economy, officials say, it still falls short of the 8% increases of the late 1980s.
March 26, 2002 |
Fujitsu Ltd., Japan's biggest maker of business computers, said it expects a return to profit in its fiscal year starting April 1 on a rise in software services sales and cost savings achieved through job cuts. The Tokyo electronics maker needs to post operating profit of $750 million to $1.25 billion in its coming fiscal year "to proclaim recovery in earnings," a Fujitsu executive said. The profit would contrast with a $562-million operating loss projected for Fujitsu's current business year.
May 31, 1988
Delphi Informations Systems reported a sizable loss for both the fourth quarter and for the fiscal year that ended March 31. The Westlake Village company, which makes computer systems for insurance agents and brokers, reported a $796,000 loss, compared to a $1.5-million profit in the fourth quarter a year earlier, on a 47% drop in sales to $4.4 million. For the latest fiscal year, the company lost $1.7 million, compared to a profit of $1.1 million, or 36 cents a share the year before.