Analysts said a corporate revamping earlier this year had resulted in higher productivity.
Some economists suggested that the expectations of greater profitability could indicate that plans for corporate revamping, thus far vague, will be further-reaching than many thought.
In the corresponding quarter last year, Apple reported a loss because of charges it had taken for a corporate revamping.
The number of corporate name changes rose again in 1996, according to an annual survey, primarily because of corporate revamping.
But that type of employee has become rarer after a decade of layoffs and corporate revamping.
- Citigroup's first-quarter earnings declined 11 percent because of a big charge for its recently announced corporate revamping.
To be sure, the 57-year-old turnaround specialist, who recently announced the biggest corporate revamping in Scott's history, has acquired a few predatory nicknames himself.
Analysts said then that the move could signal the beginning of a corporate revamping.
Wang Laboratories Inc. reported today that it had a quarterly loss of $496.7 million after the final costs of its corporate revamping wiped out earnings.
It is one reason DaimlerChrysler is also emphasizing its corporate revamping.