Atlanta -- Robust sales of its Explorer 2000 interactive
digital set-tops fueled record second-quarter revenue at Scientific-Atlanta Inc., for the
period ended Jan. 1.
Revenue for the quarter was $310.7 million, a 5 percent
increase and earnings were up by 37 percent to $19.2 million, or 25 cents per share.
For the first half of the fiscal year, Scientific-Atlanta
reported revenue of $568.2 million, compared to $589 million in the previous year. Net
income for the first six months of the fiscal year were $34.2 million, or 44 cents per
share, compared to $31.3 million, or 40 cents per share in the prior year.
The company said that so far, 17 cable companies have
committed to deploying the Explorer 2000 system, and 89 sites have been committed to date,
with more than 17 million basic subscribers and 25 million homes passed.
Sales of analog set-tops also were strong during the
quarter, with more than 530,000 standard and advanced analog units shipped in the period.
Wall Street reacted favorably to the report. At midday
Friday, S-A's shares had risen $1.94 to $31.94.