Harmonic sees growth in satellite and telco

April 23, 2014 09.08 Europe/London By Julian Clover

Harmonic Proview 7000Harmonic said it sees an improvement in demand from both satellite and telco pay-TV providers.

In an investor call timed to coincide with the technology providerís 1st quarter financials, President Patrick Harshman said the 15% increase on last year came as the result of developments in its MPEG-2 and MPEG-4 encoders. The sector represents 25% of the companyís business.

Overall revenues increased to $108.03 million from $101.67 million last year, but Harmonic still reported a first-quarter net loss of $5.4 million or $0.06 per share, compared to net income of $6.4 million or $0.06 per share in the same period last year.

International customers accounted for 50% of revenue.