ARRIS reported third quarter revenue of $228.6 million, up 14% compared to $201 million in Q3 2005, and up sequentially as well, by 4%, compared to $220 million in the Q2 2006.
Net income in the just-concluded quarter was $26.6 million, an increase from $18.8 million a year ago.
ARRIS said revenue growth was a result of continuing demand for its voice-over-IP (VoIP) and high-speed data products, as cable operators aggressively compete with telcos for customers who sign up for the triple play.
ARRIS also reported strong demand for its CMTS products, including a two-year agreement signed with Time Warner Cable for both C4 and C3 CMTS products. Growth in that area has more than offset the ongoing phase-out of CBR (constant bit rate) product sales year over year.
Demand for CMTS products continues to be driven by 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, ARRIS said.