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Arris sees revenue boost

Broadband and TV technology company Arris has reported third quarter revenues of US$357.5 million (€275 million), up from US$274.4 million a year earlier.

Order backlog at the end of the quarter was US$185.8 million, compared to US$155.3 million at the end of the third quarter 2011.

“Our third quarter results were strong, with adjusted net income per share in the upper half of our guidance,” said David Potts, Arris’s executive vice-president and chief financial officer.  “With respect to the fourth quarter 2012, we now project that revenues for the company will be in the range of US$345 to US$365 million, with adjusted net income per diluted share in the range of US$0.26 to US$0.30 and GAAP net income per diluted share in the range of US$0.13 to US$0.17, reflecting higher demand for our CMTS product line.”

Tags: Arris