(Reuters) - BANGALORE, July 20 - Network- and
storage-security company Hifn Inc. posted its first
profit in seven years, helped by sales of its data compression
technology products and cost-reduction initiatives.
Shares of the Los Gatos, California-based company jumped
more than 18 percent to $7.48 in afternoon trade on the Nasdaq.
Earlier, they had touched a new year high of $7.65.
Read more at Reuters.com Market News
storage-security company Hifn Inc. posted its first
profit in seven years, helped by sales of its data compression
technology products and cost-reduction initiatives.
Shares of the Los Gatos, California-based company jumped
more than 18 percent to $7.48 in afternoon trade on the Nasdaq.
Earlier, they had touched a new year high of $7.65.
Read more at Reuters.com Market News
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