Sales of Iomega?s Zip storage drives helped the supplier move back into the black and report a small profit for its fiscal first quarter results.
The firm?s $569,000 profit matched Wall Street?s estimates and represented an improvement over its loss of $18.6 million, or $0.07 per share, a year ago. Revenue for the quarter hit $386 million, up from $408 million last year.
Iomega sold 2.6 million Zip drives during the period, representing an increase of 44 per cent over the previous year. Each 100Mb Zip disk drive stores the equivalent of 70 floppy disks.
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