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Xircom Reports Record Revenues for Fiscal 2000

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Xircom Inc. in Thousand Oaks reported record sales for its fiscal year ended Sept. 30, while earnings fell because of acquisition costs.

Net sales for the year were $496.2 million, a 17% increase over the $424.4 million reported last year. Net income was $25 million or 82 cents per share, compared with $37.9 million or $1.48 per share for fiscal 1999.

Excluding acquisition-related costs and special charges, the company reported net income of $53.7 million or $1.76 per share for the fiscal year.

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Net sales for the fourth quarter grew to a record $134.1 million, up 16% from $115.6 million for the same period last year and a 6% increase over the $126.7 million for the previous quarter.

Excluding acquisition costs and special charges, net income was $12.2 million or 39 cents per share, compared with $11 million or 42 cents per share in the same period last year. Including acquisition-related costs and special charges, net income was $9.6 million or 31 cents per share.

Xircom makes data access products for both the wired and wireless communications industries.

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