Monday, October 22, 2007

Harmonic Posts Q3 Sales of $82 Million, up 31% YoY

Harmonic reported net sales of $82.3 million, up 31% from $62.9 million in the third quarter of 2006. GAAP net income for the third quarter of 2007 was $9.4 million or $0.12 per diluted share, up from $4.0 million, or $0.05 per diluted share, for the same period of 2006.

Harmonic said results for the third quarter of 2007 included significant revenue from a growing number of satellite customers deploying an increasingly broad range of new products and solutions. The company also saw sequential revenue growth in both domestic and international markets, with international sales representing 46% of revenue in the third quarter.

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