Harmonic has announced its unaudited results for the third quarter of 2020. The solutions provider for video streaming and broadband services reported revenue of $94.9 million (€80.2m), down 18 per cent year on year, despite strong momentum.
“Harmonic’s third quarter results were driven by strong performance in both our Cable Access and Video segments,” said Patrick Harshman, president and chief executive officer of Harmonic. “Our Cable Access segment delivered solid sequential revenue growth and operating margin. Complementing this, Video segment revenue rebounded strongly quarter over quarter, reflecting increased customer activity. We continue to execute well on our strategic priorities, and we expect this strong business momentum will continue through the balance of the year.”
Business highlight include: