Amplicon’s Earnings Up 17%, but Its Revenues Rise by 49%
- Share via
Amplicon Inc. of Santa Ana reported earnings of $4.9 million for its 1987 fiscal year ended June 30, up 17% from the $4.2 million posted in its fiscal 1986. Revenues for the year rose 49% to $74 million, from $49.7 million a year earlier.
Earnings for the fourth quarter were $1.45 million, up 12% from the $1.3 million posted in the final quarter of fiscal 1986. Revenues for the fourth quarter of fiscal 1987 increased 66% to $21.7 million, from $13.1 million reported for the same period last year.
Patrick Paddon, president and chief executive officer, attributed Amplicon’s performance to large numbers of new leases and profits on the company’s residual equipment investments.
Amplicon sells, leases and finances mid-range computers, peripherals and other electronic equipment.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
