Uncertainty over the Compaq acquisition and currency fluctuations failed to halt Digital Equipment's third quarter profit growth, the company said on Thursday.
Net profit for the quarter ended 28 March was $307 million, including $201 million from the sale of the networking business to Cabletron. The operating profit of $106 million compares to $51 million for the same quarter last year and $74.8 million for the second quarter.
Revenue was down to $3.19 billion from $3.31 billion for the same period in 1997. Windows NT Intel server sales grew 43 per cent and Alpha servers running Unix grew 11 per cent year on year.
"We achieved this in an environment of continued problems in the Asian economy, a strong US dollar worldwide, and an understandable, temporary hesitation by customers after our agreement to merge with Compaq Computer was announced," commented Robert Palmer, chairman of Digital.
Product revenue was down by around eight per cent to $1.68 billion but was mostly compensated for by an increase from services revenue.
Palmer said the Compaq takeover was still on track to get regulator and shareholder approval completed by the end of June.
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