Xylan’s Revenues Jump but Quarterly Profit Flat

Xylan Corp. posted flat earnings in its third quarter despite a 51% jump in revenues.

The Calabasas-based computer networking concern had net income of $4.6 million in its quarter that ended Sept. 30, about the same as a year ago.

Revenue in the latest quarter rose to $53.5 million, compared with $35.4 million the year earlier.

For the nine-month period, Xylan’s net income jumped 73% to $17.6 million, up from $10.2 million last year. Revenues climbed 69% to $146.6 million, up from $87 million.