05.02.2008 12:00 AM
Digital Build-outs Drive Harris Broadcast Revenue Rise
The Broadcast Communications segment of Harris Corp. posted revenue of $159 million in the third quarter of its 2008 fiscal year (ending March 28), an increase of 14 percent compared to the prior-year quarter. Operating income was $7 million, compared to an operating loss in the previous-year quarter of $18 million.

Revenue growth in the third quarter was across all broadcast business areas in both U.S. and international markets, with higher revenue being driven by the continuing global conversion to digital and high-definition operations, the company said.

Sales of transmission systems grew at double-digit rates, compared to the prior-year quarter, as a result of strong shipments in the U.S. market for the over-the-air digital transmission build-out. Double-digit growth continued at the company’s Infrastructure and Digital Media systems segment, including routers, graphics equipment and multiviewers. Third quarter sales of traffic and billing Software Solutions also improved, particularly in international markets.

Overall, Harris Corp. revenue for the quarter was $1.33 billion, an increase of 24 percent over $1.07 billion in the prior-year quarter, or a 15 percent increase when the impact of prior-year acquisitions is excluded. Net income for the quarter was $108 million, or 78 cents per diluted share, down from $1.52 per diluted share in the prior-year quarter, when the company included a significant gain associated with the company’s merger with Stratex Networks.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

Manor Marketing /   Tuesday 10:32 AM
Cobham takes on American Ninja Warrior
ignite strategic communications /   Tuesday 07:12 PM
Bexel Expands Inventory with Investment in Fujinon Cabrio Lenses

Featured Articles
Product News
Discover TV Technology