Buoyed by its set-top division, Scientific-Atlanta Inc. posted earnings of $42.7 million on sales of $395.6 million in its first fiscal quarter ending Sept. 30, compared with earnings of $11 million on sales of $311.6 million in the year-earlier period.
"It is becoming apparent that DVR [digital-video-recorder] services are very important for cable operators," chairman, president and CEO Jim McDonald said in a prepared statement.
S-A said it shipped 177,000 "Explorer 8000" DVR set-tops in the quarter and 940,000 set-tops overall. The vendor added that it shipped 291,000 "WebSTAR" cable modems in the period.
In other earnings news, Concurrent Computer Corp. reported higher sequential but lower year-over-year financial results.
For the first quarter of its fiscal year ending Sept. 30, Concurrent reported revenue of $22.1 million, down 27% from last year's $18.9 million but ahead of the previous quarter's $15.5 million. Net income for first quarter was $600,000, the same as the year-earlier period.
Video-on-demand-division revenue dropped to $10.4 million in the quarter from $13.4 million last year. Concurrent said it expects VOD revenue to be in the $10 million-$12 million range in the current quarter.