Technology

Arris Reports Mixed Results

4/22/2004 6:34 AM Eastern

Arris Group Inc. generated first-quarter revenue of $111.6 million compared with $91.3 million in the year-earlier period, but its net loss widened to $18.7 million versus a profit of $3.4 million in the first quarter of 2003.

The year-earlier figures were boost by a one-time gain related to the debt retirement of Nortel Networks Corp.'s membership interest, Arris said.

Broadband revenue climbed 18.7% year-over-year from $60.8 million to $72.1 million.

"Performance during the quarter was generally in line with our expectations, and I am encouraged by our order backlog," chairman and CEO Bob Stanzione said in a prepared statement.

"We continue to be very optimistic about the implementation of new VoIP [voice-over-Internet-protocol] services by our customers both domestically and internationally," he added.

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

Cloud Summit

Raleigh Marriott City Center, Raleigh, NC

October