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C-COR Posts Strong Fiscal 2Q

1/25/2007 5:24 AM Eastern

C-COR’s financial results for its fiscal second quarter ended Dec. 29 were up across the board.

The vendor reported net sales of $80.1 million versus $66.7 million in the year-earlier period and net income of $5.9 million, or $0.12 per share, versus a net loss of $15.7 million ($0.33) in the year-ago period.

C-COR said its results for the latest quarter included $990,000 of stock-compensation expense, $829,000 of amortization related to intangible assets and $461,000 of restructuring charges.

September