SANTA CLARA-3Com Corp. reported a net income of $87.5 million, or 24 cents per share, for the fourth fiscal quarter, ended May 28, compared with $63.6 million, or 17 cents per share, reported in the year ago quarter.
Sales for the quarter were $1.4 billion, compared with $1.3 billion reported last year.
The company also said it authorized the repurchase of up to 15 million additional shares of its common stock, following the original authorization for 10 million shares in March and 10 million in June.
