Arris Q2 Revenues Climb 4% to $1.72B | Light Reading

Rise aided by addition of Ruckus and increase in E6000 CCAP sales.

“ARRIS posted a solid second quarter, with non-GAAP earnings growing 14% year-over-year to $0.72 per share with continued strong performance from our higher margin Network & Cloud and Enterprise businesses,” said Bruce McClelland, ARRIS CEO. “Revenue grew by 4% year-over-year with the addition of Ruckus and increased E6000 CCAP sales. We have been active buyers of our stock in 2018 and intend to allocate the majority of our free cash flow to stock repurchases for the remainder of the year, targeting a minimum of $400 million for the year.”

Source: Arris Q2 Revenues Climb 4% to $1.72B | Light Reading

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