Tuesday, July 24, 2007

Harmonic Posts Q2 Sales of $71.3 million, up 34%

Harmonic reported Q2 net sales of $71.3 million, up 34% from $53.3 million in the second quarter of 2006. GAAP net income for the second quarter of 2007 was $6.2 million, or $0.08 per diluted share, compared to a GAAP net loss of $2.9 million, or $0.04 per share for the same period of 2006.

"We are pleased with our sales and earnings growth in the first six months of 2007, as well as our improved gross margins and inventory management, and our strong bookings in the second quarter of 2007," said Patrick Harshman, President and Chief Executive Officer.

"While we continue to capture market share among satellite operators with our powerful MPEG-4 AVC high-definition video encoding solutions, we are also seeing success with our strategy to extend our satellite solution footprint to include video-on-demand and innovative video processing."http://www.harmonicinc.com

See also