Tuesday, July 24, 2007

ARRIS Posts Q2 Revenue of $252.7 Million, Up 15%

ARRIS reported Q2 revenues of $252.7 million, up 14.9% as compared to $220.0 million in the second quarter 2006 and up 7.4% as compared to $235.3 million in the first quarter 2007. Net income was $23.3 million, or $0.21 per diluted share, and compares to net income of $24.8 million, or $0.23 per diluted share, in the second quarter 2006.



Broadband product revenues were $77.4 million in the second quarter 2007 as compared to $98.8 million in the second quarter of 2006 and as compared to the first quarter 2007 level of $80.2 million. These results reflect the previously anticipated and disclosed decline of CBR telephony product sales.



Supplies & CPE product revenues were $175.3 million in the second quarter 2007 as compared to $121.2 million in the second quarter 2006 and compared to $155.1 million in the first quarter of 2007.



International sales were $67.8 million in the second quarter 2007 and compare to $58.2 million in the second quarter 2006 and $60.5 million in the first quarter 2007.



Gross margins for the second quarter 2007 were 28.6%, and as expected, were down slightly from the first quarter 2007 gross margin results of 29.2%. http://www.arrisi.com

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