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Arris earnings boosted by E6000 router sales
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Arris reported better than expected fourth quarter earnings thanks to stronger sales of its CCAP-capable E6000 converged edge router and the full-year impact of R&D tax credits.
Announcing its Q4 and full year 2015 results, Arris said that net income attributable to Arris group was US$30.0 million (€27 million) or US$0.20 per-diluted share, while revenues came in at US$1.10 billion.
“We closed the Pace acquisition on January 4 and have made substantial progress on our integration activities,” said Arris chairman and CEO, Bob Stanzione.
“With respect to the first quarter 2016, we project that revenues for the company will be in the range of US$1.56 to $1.61 billion, with adjusted net income per diluted share in the range of US$0.37 to US$0.42 and GAAP net income per diluted share in the range of US$0.01 to US$0.06.”
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