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Summit Networks posts fiscal Q1 profit

Summit Networks Inc. said its normalized net income for the fiscal first quarter ended Oct. 31, 2014, came to $6,370.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 22.0%.

Total revenue totaled $22,410, and total operating expenses totaled $12,210.

Reported net income totaled $7,910, or 0 cents per share.