ACT Networks Reports Net Income for Quarter

ACT Networks in Camarillo reported net income of $225,000, or 2 cents per share, for the second quarter ended Dec. 31, compared with a loss of $483,000, or 5 cents per share, for the same period a year earlier.

For the immediately preceding quarter, the company reported a net loss of $966,000, or 10 cents per share. Second-quarter revenues were just over $12 million, compared with $15.3 million in the comparable quarter for the previous year.

“We continue to execute our business plan, which calls for re-engineering our business processes and cutting expenses,” said Andre de Fusco, president and chief executive officer. “Additionally, this quarter we signed a supply agreement with Fore Systems, much like the Lucent agreement announced last quarter, further validating the competitiveness of our products and our new distribution strategy.”

ACT Networks develops and manufactures multi-service access products that support integrated voice and data networking systems.