Harmonic Q4 revenues grow more than expected

Wednesday 1 March 2017 | 12:00 CET | News
Harmonic announced fourth-quarter revenues of USD 113.1 million, up from USD 86.6 million and better than the company's outlook. Bookings increased to USD 116.9 million from USD 97.3 million in Q3 and USD 101.0 million a year earlier. The company's net loss still widened to USD 10.4 million or 13 cents a share from USD 7.2 million or 8 cents a share in Q4 2015. Harmonic said it made significant progress last year on the transition to software-based products and the integration of Thomson Video Networks. In 2017, it targets revenue growth and double-digit operating profit for its Video

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Categories: Broadcast & Satellite
Companies: Harmonic / Thomson Video Networks
Countries: World
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