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Thursday, April 15, 1999 Published at 10:04 GMT 11:04 UK

Business: The Company File

Apple bites back

Another distinctive Apple design,an iMac mouse

The computer giant Apple has reported a second quarter profit of 84 cents a share.

This reflects the sustained strong sales of its iMac personal computer. Revenues rose 9% to $1.53bn.

[ image: Steve Jobs: Back in business at Apple]
Steve Jobs: Back in business at Apple
The Californian-based company recorded an operating profit of $93m, or 60 cents a share, on $1.5bn in revenue.

Analysts expected Apple to achieve a profit of 57 cents a share.

This operating performance beat its results from a year ago when it reported a profit of $55m, or 38 cents a share, on $1.4bn in revenue.

Apple's second-quarter revenue slipped from the $1.7bn it reported in the previous quarter, when holiday demand boosted sales.

Rich harvest

Since the return of Steve Jobs, as interim chief executive officer, the company's fortunes have picked up considerably.

Under Jobs leadership, the company focused its business on four areas and launched the hugely popular iMac computer last August.

"Demand for iMac exceeded our most optimistic forecasts," Mr Jobs said.

Apple shares climbed 1-1/8 to close at 35-3/4 on the Nasdaq stock market.

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