Broadband Briefs for 07/31/09
• Arris posts Q2 profit
By The Associated Press
(AP) – Arris Group Inc., a communications equipment company, on Thursday reported higher second-quarter earnings, helped by sales of more profitable products. Net income jumped to $22.9 million, or 18 cents per share, compared with $7.8 million, or 6 cents per share, last year. Adjusted earnings in the most recent quarter totaled 27 cents per share, excluding equity compensation expenses, non-cash interest related to convertible debt and other costs.
Sales slipped to $278.5 million from $281.1 million. Analysts polled by Thomson Reuters predicted 22 cents per share and slightly higher revenue of $280.9 million.
Arris said gross margin was 42.1 percent, up sharply from 33 percent a year ago, because of strong sales of cable modem termination systems (CMTS) and MCS products, which include content and operations management systems, operations management systems and fixed-mobile convergence networks.
For the third quarter, adjusted earnings per share are expected to range between 22 cents and 26 cents, the company said. Analysts, who usually exclude items, expect 23 cents per share, on average. Sales are forecast to range between $260 million and $280 million, below analysts' average $289.8 million estimate.
• Verizon Business adds consulting service
By Mike Robuck
Verizon Business announced today that it has added a consulting service to its portfolio of business service offerings.
The new consulting services, which are immediately available in the United States, as well as countries in Europe and the Asia-Pacific region, focus on business applications, regulatory compliance, training and awareness, and testing.
The services include:
- Application Infrastructure Deployment Review – Assessment of current application and infrastructure deployment to determine if the deployment – including the application and operating system, as well as patching – is up to date.
- Business Continuity Compliance – Review of existing business continuity strategy to determine whether it meets compliance requirements; identification of gaps.
- Business Continuity/Disaster Recovery Testing Support – Development of strategy and plans for business continuity testing.
- Business Continuity/Disaster Recovery Training – Provision of customer training encompassing all aspects of business continuity and disaster recovery strategies and disciplines.
|More Broadband Direct 07/31/09:|
|• Evolution files for waiver on low-cost HD set-top box|
|• Report: Time Warner Cable joins WiMax party|
|• Comcast rings up caller ID in Colorado|
|• RCN adds Ebru TV to lineup|
|• Broadband Briefs for 07/31/09|