Harris Broadcast Communications Revenue Declines Slightly
May 15, 2009
Harris Corp. released its financial results for the third quarter of Fiscal Year 2009 last week and revealed that revenue in its Broadcast Communications business was down 17 percent.
Harris said revenue was down in both U.S. and international sectors "primarily as a result of declining sales in Infrastructure and Networking Solutions where the impact of the global market softness was most significant."
Transmission system sales were "modestly lower" as a result of weakness in the global radio market. Harris Corp.'s total revenue increased in the quarter to $114 million, compared with $108 million in the third quarter of FY2008.
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