Tuesday, February 9, 2010

ARRIS Posts $300 Million in Q4 Revenue

ARRIS reported preliminary Q4 2009 revenues of $300.0 million, compared to third quarter 2009 revenues of $275.8 million and fourth quarter 2008 revenues of $292.4 million. Full year 2009 and 2008 revenues were $1,107.8 million and $1,144.6 million, respectively.

GAAP net income for the fourth quarter 2009 was $0.26 per diluted share, as compared to the third quarter 2009 of $0.17 per diluted share, and the fourth quarter 2008 loss of $(1.33) per diluted share. Full year 2009 GAAP net income was $0.71 per diluted share as compared to a loss of $(1.04) per diluted share for 2008.

"We ended 2009 with very strong performance," said Bob Stanzione, ARRIS Chairman & CEO. "New applications, growth of Internet TV and competition from both telco and satellite providers require ongoing network capacity additions in our customers' networks. I am confident that ARRIS has the market leading products and services necessary for our customers to meet these challenges. Longer term, we are well positioned to provide new products for a converged platform to deliver voice, data and video. We have taken key steps to grow our current business to include a strong video product suite in order to capitalize on the industry's vision of a converged voice, data and video platform."http://www.arrisi.com