Summit Networks Inc. announced earnings results for the first quarter of fiscal 2021 ended December 31, 2020. For the quarter, the company reported Total revenue of $3.9 million, an increase of 61.3% from total revenues of $2.4 million for the first quarter of 2020. Operating income increased 88.6% to $1.8 million. Net Income was $1.6 million, compared to net income of $1.0 million last year.