Higher Sales Boost S-A's Bottom Line7/27/2004 10:12 AM Eastern
Scientific-Atlanta Inc. generated $70.2 million in fiscal-fourth-quarter earnings on sales of $458.8 million, aided by increased demand for advanced set-tops.
Revenue in the quarter increased 14% year over year, while earnings jumped 48% from last year's $47.4 million.
S-A said it sold 277,000 standard-definition “Explorer 8000” digital-video recorders and 106,000 HDTV DVRs in the quarter. The vendor added that it sold 121,000 HDTV set-tops without DVR capability, giving it 227,000 HD set-tops sold in the quarter.
The company said Cablevision Systems Corp. is testing its “Explorer 8300” Data Over Cable Service Interface Specification-enabled, multiroom DVR, but it wasn't recognizing any revenue pending final product approval by the MSO.
In other earnings news, CSG Systems Inc. reported $22 million in operating income on $129.7 million in revenues for the second quarter. The revenue figure dropped 9% from $142 million in the year-earlier period, but operating income actually rose 8% from last year's $20.3 million.
CommScope Inc. reported earnings of $84.1 million on sales of $312.9 million in its second quarter, compared with net sales of $141.4 million and a net loss of $51.4 million in the year-earlier period.
Last year's net loss included a $53.9 million charge related to after-tax equity losses with OFS BrightWave and impairment charges on fixed assets.