Video and broadband technology company Arris reported a rise in revenue and profits after reporting “remarkable progress in 2013” since its takeover of Motorola Home.
“As a result of our successful acquisition and integration of Motorola Home, we are a larger, stronger and much more relevant supplier to a growing worldwide customer community. Moreover, 2014 is looking to be our best year ever,” said Arris chairman and CEO Bob Stanzione.
Fourth quarter revenues were US$1.199 billion (€875 million), up 12% sequentially and more than triple the US$334 million it reported in the same quarter last year.
Adjusted Q4 net income was US$77.6 million, compared to US$32.2 million a year earlier. However, Arris’ net loss was US$2.8 million in the quarter, compared to net income of US$14.8 million in Q4 2012.
DTVE: the week in view – Should streamers help to fund Europe’s network expansion? digitaltveurope.com/comment/should… https://t.co/x6aSHT8EvH
05 December 2021 @ 19:34:00 UTC
ICYMI: Vodafone TV arrives on LG TVs in Spain digitaltveurope.com/2021/12/03/vod… https://t.co/dpCVTHxPFr
05 December 2021 @ 19:30:00 UTC
ICYMI: Vizio ads AVOD content to WatchFree+ streamer digitaltveurope.com/2021/12/03/viz… https://t.co/i6syMw9Eli
04 December 2021 @ 19:30:00 UTC