Arris ‘headwinds and Horizon’
February 19, 2015
Arris expects earnings in the first quarter of 2015 to come in below Wall Street as as M&A activity involving some of its top Comcast, Time Warner Cable, DirecTV and AT&T means caution on spending. Also telco clients are using their cash for spectrum auctions.
The company updated that Q4 revenues were $1.26 billion, up from $1.19 billion in the year-ago quarter, and down from $1.4 billion in the previous period. For the first quarter of 2015, Arris said it expects revenues of $1.20 billion to $1.24 billion.
In the update Bob Stanzione, Chairman and CEO revealed Arris has secured a major role in the development of the successor to Liberty Global’s Horizon STB. “During the quarter we secured a strategic position in a new next generation 4K DVB Video Gateway program with Liberty Global, which will allow us to further our international market portfolio.”
Liberty’s next generation device will be based on the RDK software stack.
Arris is also seeing positivity from the deployment of DOCSIS 3.1 with lab and field trials due later this year.