Intermec Inc., a mobile computing and RFID company, entered its 2008 fiscal year on the right foot, reporting a 21% jump in revenue, as well as earnings to replace a loss in the year-ago quarter.
For its first quarter, ended March 30, 2008, Intermec generated revenue of $217 million, a strong improvement on year-earlier sales of $179 million. Net income reached $7.7 million, turning around a net loss of $4.4 million in the 2007 first quarter. Cash flow from operations was approximately $17.5 million in the just-ended quarter, and the company paid off its long-term debt of $100 million.