Arris Posts Flat Q2 Sales
Vendor cites strong DOCSIS 3.0 CPE, softer demand for CMTSs
By Todd Spangler, Multichannel News -- Broadcasting & Cable, 7/28/2010 6:06:29 PM
Arris Group's second-quarter revenue was flat with the year-ago period and net income dropped, although sales to Comcast and Time Warner Cable -- its two biggest customers -- rebounded "considerably" from the previous quarter, chairman and CEO Bob Stanzione said on the company's earnings call Wednesday.While Arris expects strong sales of DOCSIS 3.0 cable modems and other customer-premises equipment to continue, the company anticipates a short-term decline in revenue from cable-modem termination systems.Revenue for the quarter ended June 30 was $280.4 million, roughly flat versus $278.5 million in second quarter 2009 and up $13.7 million sequentially. Net income dropped 14%, to $19.8 million for the second quarter.
Comcast's orders for DOCSIS 3.0 CPE were higher in the June 30 quarter and Arris won a significant share of Time Warner Cable's CMTS business for the year, according to Stanzione.
Click here for the full story at Multichannel.com: http://www.multichannel.com/article/455344-Arris_Posts_Flat_Q2_Sales.php
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