Wang Laboratories Inc. said its first-quarter profit...

Wang Laboratories Inc. said its first-quarter profit came to $22.5 million, contrasted with a $30-million loss in the same quarter last year. The Lowell, Mass.-based firm said the figures reflected the company’s strict cost-cutting regimen. Sales jumped 16% to $693 million for the period, reflecting higher revenue from computers on the high end of its product line.