3Com up on Chinese sales


3Com up on Chinese sales

Alex Scroxton
3Com's focus on the Far Eastern market continued to pay off during the third quarter of its financial 2010, with its direct business in China growing 29.7% to $165.9m in the three months to 26 February.

Worldwide sales at the networking infrastructure vendor, which is currently in the process of being acquired by Hewlett-Packard for nearly $3bn, ticked up 6.5% year-on-year to $345.9m (£229.1m), while net income soared from $1.9m in the year-ago quarter to $41.4m at the end of February.

Analysts polled by Thomson Reuters had previously called for sales to remain approximately flat.

"We are very pleased with 3Com's continued strong performance in the quarter," reported CEO Bob Mao. "I am particularly gratified by our China direct business [which] essentially offset the reduced sales to Huawei."

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