Tuesday, July 29, 2008

ARRIS Posts Q2 Revenues of $281.1 million

ARRIS reported Q2 revenues of $281.1 million, an increase of $7.6 million or 2.8% , as compared to first quarter revenues of $273.5 million. Second quarter 2008 gross margin was $92.9 million, or 33.0%, as compared to $85.2, or 31.2%, in the first quarter 2008 and $72.4 million, or 28.6%, in the second quarter 2007. Order backlog increased to $206.0 million at the end of the second quarter as compared to $147.0 million at the end of the first quarter. Book-to-bill ratio in the second quarter was 1.21. GAAP net income in the second quarter 2008 was $0.08 per diluted share, as compared to $0.21 per diluted share for the second quarter 2007.http://www.arrisi.com