Cable hardware and software vendors Harmonic Inc. and SupportSoft Inc. posted both sequential and year-over-year quarterly-revenue increases in financial results released Thursday.
Harmonic reported net sales of $47.3 million in the third quarter of 2003 compared with $41.7 million in the previous quarter and $37 million in the year-earlier period.
The company reported revenue increases for both its digital-cable-headend division and its fiber-optics-products division.
Chairman, president and CEO Anthony Ley said increasing competition with direct-broadcast satellite is causing operators to be more aggressive with video-on-demand and HDTV rollouts. "We are pleased to see a firmer industry capital-spending environment," he said in a release.
Despite the revenue gain, the company reported a net loss from operations of $7.3 million in the quarter versus $38 million in the year-earlier period.
SupportSoft reported third-quarter revenue of $13.5 million compared with $12.6 million in the prior period and $11.1 million last year. Net income on a GAAP (generally accepted accounting principles) basis was $2.6 million versus $37,000 a year ago.
New orders and renewal contracts with 18 customers -- including Adelphia Communications Corp., Comcast Corp. and Time Warner Cable -- helped the results, the company said.
SupportSoft added that its automation software has been deployed by 11 cable and digital-subscriber-line providers worldwide serving 14 million broadband customers.