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SGI leaps into the black

Thanks to a tax refund...

By Kate Hanaghan

Published: 1 May 2002 16:00 BST

Silicon Graphics (SGI) has turned in profits of just over $10m in its third quarter thanks to a $32m tax refund.

In the same period last year the company was languishing in losses of more than $140m.

Excluding the tax refund it made a pro-forma loss of $9.8m for the quarter. Revenue was down on last year from $509.7m to $313.6m.

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