Cable Operators

Higher Sales Boost S-A's Bottom Line

7/27/2004 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.

Want to read more stories like this?
Get our Free Newsletter Here!
August

Cloud Summit

Raleigh Marriott City Center, Raleigh, NC

October