Preliminary results cheer Arris
By Chris Dziadul
The global technology company Arris Group has posted unaudited revenues of $278.5 million for Q2.
Though 9.9% more than in the previous quarter, they were 0.9% down on the corresponding period in 2008.
Its adjusted net income in Q2 was meanwhile $0.27 per diluted share, 50% up on the $0.18 recorded for the first quarter and 80% higher than the $0.15 in Q2 2008.
Arris Groups’ gross margin in Q2 was 42.1%, which was a significant improvement on both Q1 (37.7%) and Q2 2008 (33%) and reflected strong CMTS and MCS product sales.