QLogic Posts Declines for the Fiscal Year

COSTA MESA — QLogic Corp., which makes computer data transfer products, posted declines in profit and revenue for the fiscal year ended March 31.

Net income fell to $666,000, or 12 cents a share, from $2 million, or 35 cents a share, for the previous year. Revenue declined 7% to $53.8 million from $57.7 million. For the fourth quarter, net income rose to $732,000, or 13 cents a share, from $35,000, or 1 cent a share, a year ago. Revenue was up 28% to a record $16.2 million from $12.7 million.