Communications technology company Arris hit second quarter revenues of US$1 billion (€750 million) but swung to a net loss following its takeover of Motorola Home.
The firm’s US$1 billion revenues compared to US$353.7 million in revenue during the same quarter a year earlier. Arris made a net loss of US$50.28 million, compared to net profit of US$15 million a year earlier.
Commenting on the results, Arris chairman and CEO Bob Stanzione said: “I am very pleased with our second quarter and first half results. The industry continues to react positively to our Motorola Home acquisition. Our integration plans are well on their way and ahead of schedule. I am encouraged by the progress we are making in delivering new products to our customers and by an improving business climate.”
Arris executive vice-president and CFO David Potts added: “Our second quarter results were in line with our previously announced revenue guidance and above our Non GAAP EPS guidance, reflecting a strong start to our integration actions.”