Arris Group reported lower revenue but improved profitability in its first quarter, and said customer activity suggests the company will report a solid Q2 as well.
Arris made $253.5 million in revenue in its first quarter of 2009, down from the $273.5 million the company posted in the like quarter in 2008, and also down sequentially, from $292.4 million in sales in the fourth quarter of 2008. Net income was $12.8 million, up from $3.8 million a year ago.
The company’s shipments of both cable modems and E-MTAs were down from the immediately prior quarter.
| Arris product shipments | ||
|
|
Q4 2008 |
Q1 2009 |
|
CMTS Upstreams |
26,706 |
33,598 |
|
CMTS Downstreams |
32,726 |
24,516 |
|
E-MTAs |
1,456,478 |
1,260,158 |
|
Cable Modems |
115,805 |
58,876 |
|
Source: Arris
|
||
“Although macro-economic conditions caused 2009 to start off somewhat slowly, we delivered a solid quarter with significantly higher earnings than a year ago,” said Bob Stanzione, Arris chairman & CEO. “During the quarter we have seen positive signs in our business that, coupled with the current plans of our customers, gives me cautious optimism that our business will gain momentum in the second quarter and beyond.”
