Xircom Reports Record Revenues for Fiscal 2000

Xircom Inc. in Thousand Oaks reported record sales for its fiscal year ended Sept. 30, while earnings fell because of acquisition costs.

Net sales for the year were $496.2 million, a 17% increase over the $424.4 million reported last year. Net income was $25 million or 82 cents per share, compared with $37.9 million or $1.48 per share for fiscal 1999.

Excluding acquisition-related costs and special charges, the company reported net income of $53.7 million or $1.76 per share for the fiscal year.

Net sales for the fourth quarter grew to a record $134.1 million, up 16% from $115.6 million for the same period last year and a 6% increase over the $126.7 million for the previous quarter.

Excluding acquisition costs and special charges, net income was $12.2 million or 39 cents per share, compared with $11 million or 42 cents per share in the same period last year. Including acquisition-related costs and special charges, net income was $9.6 million or 31 cents per share.

Xircom makes data access products for both the wired and wireless communications industries.