MTI Technology Corp.

The Anaheim provider of computer storage products posted third-quarter net income of $2.5 million, or 8 cents a share, up 67% from $1.5 million, or 5 cents a share, a year earlier. Net income for the recent quarter ended Jan. 1 includes a loss of $1.4 million from the company’s investment in Caldera Systems Inc. and $600,000 in severance-related charges. Revenue rose 24% to $59 million.

The company said it expects strong growth in its core business over the next several quarters.