ARRIS reported preliminary Q3 revenue of $228.6 million, up 14% as compared to $201.0 million in the third quarter 2005 and up 4% as compared to $220.0 million in the second quarter 2006. Net income in the third quarter 2006 was $26.6 million, or $0.24 per diluted share, as compared to net income of $18.8 million, or $0.18 per diluted share, in the third quarter 2005 and as compared to net income of $24.8 million or $0.23 per diluted share in the second quarter 2006.
ARRIS said demand for CMTS products continues to be driven by the Multi System Operators’ (MSOs) competitive response to the telcos’ aggressive marketing programs for FTTX and advanced digital subscriber line technologies as well as the need for MSOs to offer ever higher data rates to their subscribers.
During Q3, ARRIS announced that the nation’s second largest MSO, Time Warner, had signed a two-year Purchase Agreement for ARRIS C4 and C3 CMTS products. Also announced were the successful field trials of wideband data services at speeds in excess of 100 Mbps to customers of KCTV JEJU Broadcasting in South Korea using the ARRIS FlexPath wideband data solution in the ARRIS Cadant C4 CMTS and the ARRIS Touchstone WBM650B wideband modems. Ihttp://www.arrisi.com
