Xircom’s Sales Rise 53%, Reflecting Tournaround

Xircom Inc., a Thousand Oaks high-technology company, says sales for its fiscal year ended Sept. 30 increased 53% over a year ago.

Xircom reported sales of $193.3 million compared with $126.6 million for fiscal 1995. The company also posted net income of $6 million or 30 cents a share for fiscal 1996, compared with a net loss of $58.8 million or $3.44 per share for the previous fiscal year.

Sales for the fourth quarter grew to $58.1 million, an increase of 94% over the fourth quarter of fiscal 1995. Xircom reported net income for the September quarter of $2.8 million, or 14 cents a share.

Year-ago figures showed a net loss of $17.1 million or 91 cents per share.

In fiscal 1996 the company took action to focus the Xircom brand on its core PC card business. The steps taken included divesting its Netwave wireless LAN product line and creating Netaccess Inc., a wholly owned subsidiary, to pursue the remote access server market.

Founded in 1988, Xircom manufactures communications products for connecting mobile and remote portable computer users to corporate networks, the Internet and other online services.