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.”
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20 April 2018 @ 15:43:36 UTC