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Arris Q4 results better than expected

Thursday 23 February 2017 | 10:19 CET | News
Arris reported a strong finish to 2016 with Q4 results better than expected. Revenue was up 60 percent year-on-year to USD 1.759 billion, thanks to the acquisition of Pace at the start of the year. Compared to Q3, revenue rose 2 percent. Net profit increased to USD 0.45 per share from USD 0.20 a year ago, better than Arris's forecast of USD 0.23-0.27. The order backlog at the end of the 2016 was worth USD 1.106 billion, up from USD 1.034 billion three months earlier, after a book-to-bill ratio in the fourth quarter of 1.04.

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Categories: Broadcast & Satellite / Internet
Companies: Arris / Ruckus Wireless
Countries: World
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