For the three months ended March 31, Arris reported revenues of US$1.48 billion (€1.36 billion) – a sequential decline of 16%.
For the quarter it made a GAAP net loss of US$39 million, compared to a net loss of US$203 million.
“We had a solid finish to Q1 on good order flow and shipments. We expect the key technology trends that underpin our business – fiber deep, DOCSIS 3.1, advanced wireless home networking, and 4K video – to gain momentum and result in second-half growth,” said Arris CEO Bruce McClelland.
“With respect to the second quarter 2017, we expect revenues will be in the range of US$1.64 billion to US$1.69 billion, GAAP net income per diluted share in the range of US$0.02 to US$0.07, and adjusted net income per diluted share in the range of US$0.55 to US$0.60.”
“We are making great progress with integration planning for our upcoming Ruckus Networks acquisition, and continue to work towards a third quarter close.”
ICYMI: Premier League clubs could stream non-televised matches from October digitaltveurope.com/2020/09/25/pre… https://t.co/VfuFljuy43
25 September 2020 @ 20:00:00 UTC
ICYMI: DTVE Digital Symposium looks in depth at Android TV, pay TV integration and local regulation… twitter.com/i/web/status/1…
25 September 2020 @ 19:00:00 UTC
ICYMI: Amazon launches game streaming service Luna digitaltveurope.com/2020/09/25/ama… https://t.co/0kBw2fMwmK
25 September 2020 @ 18:00:00 UTC
DTVE: the week in view – Six more months of COVID-19 restrictions – where does sports broadcasting go from here?… twitter.com/i/web/status/1…
25 September 2020 @ 17:08:33 UTC