Arris revenue upward trajectory
Arris Group reported higher Q3 revenue than last year, but slightly lower profit. The company said it is shipping record numbers of its flagship C4 CMTS and that it is heading toward more growth in Q4 of this year.
Arris reported third-quarter 2008 revenue of $297.6, up $42.9 million, or 17 percent, from the similar period a year ago. Company sales were up sequentially, as well, by $16.5 million, or 6 percent. Net income was $24 million, down from $27.8 million in Q3 2007.
The company said its C4, which supports downstream channel bonding capabilities for speeds up to 160 Mbps consistent with the DOCSIS 3.0 spec, now supports more than 18 million subscribers worldwide.
“Our CMTS business in the quarter was remarkably strong, with record shipments as customers began their rollouts of new DOCSIS 3.0 wideband platforms," said Bob Stanzione, Arris’ chairman and CEO.
“Partially offsetting our strong CMTS performance were the expected Access, Transport & Supplies results,” Stanzione’s statement continued. “Although the current economic climate may present some obstacles in the near term, demand for Arris products that enable high-speed data and video traffic remains strong as both competition and traffic intensifies. In addition, opportunities in Latin America, Asia and Europe give me optimism that our international sales will be a bright spot in Arris' results in the coming year.”
The company projects fourth-quarter 2008 revenue will be in the range of $280 to $300 million, with net income in the same range as Q3, give or take.
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