QLogic Posts Earnings of 35 Cents Per Share

QLogic Corp. reported earnings of $2 million, or 35 cents per share, for the fiscal year ended April 2, compared with a loss of $4.7 million, or 86 cents per share, for the prior year.

Annual revenue for the Costa Mesa-based maker of computer processing products was $57.7 million, up 28% from $44.9 million.

Net income for the company’s fourth quarter was $35,000, or 1 cent per share, compared with $87,000, or two cents per share, for the same period a year earlier. Revenue of $12.7 million was up 11% from the year-ago period.