Last Wednesday Harris Corp. announced its fiscal 2005 first quarter results. For Harris Corp. as a whole, income climbed 57 percent on revenue growth of 22 percent. While growth in broadcast communications equipment was not as spectacular, a Harris press release quoted Howard L. Lance, chairman, president and CEO of Harris saying, "our Broadcast and Microwave businesses are moving in a positive direction. We believe that new products and renewed customer and operations focus will contribute to continued momentum."
In the section on the Broadcast Communications division, Harris said revenue in that division increased by 15 percent compared to the prior-year quarter and operating income rose to $2.3 million. The press release said, "During the quarter, the company received new international digital TV transmitter orders in Australia, Bulgaria and China. Digital radio contracts included equipment for Cox Communications and several National Public Radio member stations. To help advance the transition to HD Radio, Harris is working with the nation's largest broadcasters, including Clear Channel Radio, to demonstrate the benefits of digital radio technology. At the recent National Association of Broadcasters Radio trade show, Harris demonstrated its proprietary Split-Level combining method that integrates the signal from an existing FM analog transmitter with a new FM-HD Radio transmitter."
For details, see the press release.
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