ARRIS Announces Preliminary Revenue of $292 Million, up 17% YoY

ARRIS announced preliminary fourth quarter 2008 revenues of $292.4 million grew by $42.8 million, or 17%, as compared to the fourth quarter 2007 revenues of $249.6 million. Full year 2008 revenues were $1,144.6 million, up $152.4 million, or 15%, as compared to full year 2007 revenues of $992.2 million. Non-GAAP net income in the fourth quarter 2008 was $0.25 per diluted share, as compared to the fourth quarter 2007 of $0.16 per diluted share, and as compared to the third quarter 2008 of $0.24 per diluted share. Net income per diluted share on a non-GAAP basis for the full year 2008 was $0.77 as compared to $0.79 in 2007.
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