ARRIS announced preliminary and unaudited financial results for the first quarter 2007, saying its revenues were $235.3 million, up 13.0% as compared to $208.3 million in the first quarter 2006 and up slightly as compared to $234.6 million in the fourth quarter 2006. Operating income in the first quarter 2007 was $26.0 million and compares to $19.6 million in the first quarter 2006 and $28.5 million in the fourth quarter 2006. Net income in the first quarter 2007 was $37.6 million or $0.34 per diluted share and compares to net income of $20.7 million or $0.19 per diluted share in the first quarter 2006 and to net income of $70.3 million or $0.64 per diluted share in the fourth quarter 2006.
ARRIS said demand for its VoIP and high speed data products remains robust as cable operators’ have announced increases in capital spending plans and market acceptance of aggressive Multi System Operators (MSOs) marketing plans for voice, data and video services in 2007.
“The business momentum that we experienced in 2006 continues robustly into 2007,” said Bob Stanzione, ARRIS Chairman & CEO. “We see the spending trends of our customers now driven by external competitive and market forces that we believe should extend well into the future. Our technology leadership is well recognized in many product categories and new products now being introduced for the small and medium-size business markets will help maintain our momentum in voice over IP and high speed data rollouts.”http://www.arrisi.com
