AST Research Reaches $8.1 Million Net Income
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AST Research Inc., enjoying an all-time high demand for its computer enhancement products, said Monday that its fiscal 1986 first quarter net income nearly tripled to a record $8.1 million from the $2.2 million reported a year ago.
The Irvine-based computer accessory maker said revenues for the period ended Sept. 30 jumped 68%, to $43.7 million from $26 million in the comparable 1985 quarter.
Safi Qureshey, president of AST, attributed half of the sales boost to the company’s personal computer products. He also said that AST’s international operations accounted for nearly 15% of revenues.
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