ARRIS announced the following preliminary financial results for the third quarter 2007: revenues of $254.7 million, up 11% as compared to $228.6 million in the third quarter 2006. Net income is expected to be $27.9 million, or $0.25 per diluted share, and compares to net income of $26.6 million, or $0.24 per diluted share, in the third quarter of 2006.
Some other highlights:
- Broadband product revenues were $72.6 million in the third quarter 2007 as compared to $87.6 million in the third quarter 2006 and $77.4 million in the second quarter 2007.
- Supplies & CPE product revenues were $182.1 million in the third quarter 2007, as compared to $141.0 million in the third quarter 2006 and $175.3 million in the second quarter 2007.
- International sales were $60.7 million in the third quarter 2007 and compare to $54.4 million in the third quarter 2006 and $67.8 million in the second quarter 2007.
- Backlog at the end of the third quarter 2007 was $94.0 million as compared to $136.2 million at the end of the second quarter 2007. Bookings in the third quarter 2007 were $212.5 million as compared to $219.3 million in the second quarter 2007.
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