Symbolics Posts Profit for 1st Time in 2 Years

Symbolics, citing extensive cost cutting, posted a quarterly profit for the first time in 2 years, earning $415,000, or 2 cents a share, for the first quarter that ended Oct. 2. A year earlier, the company lost $4.5 million.

Revenue in the period was flat, rising less than 1% from a year earlier to $16.3 million.

Symbolics, a maker of computers used in artificial intelligence work, has corporate headquarters in Cambridge, Mass., and manufacturing operations in Chatsworth. The company employs 150 people in Chatsworth, about half the number of people the company employed there 3 years ago.