Harris Stratex Networks' Revenue Falls to $120 Million

Harris Stratex Networks reported quarterly revenue of $120.0 million, compared with $195.8 million in the year ago period. GAAP net loss was $7.8 million or $0.13 per share, compared with a GAAP net income of $6.5 million or $0.10 per diluted share in the year ago quarter.


Revenue in North America was $48.0 million in the first quarter of fiscal 2010, compared with $63.0 million in the year ago period. International revenue was $72.0 million, compared with $132.8 million in the year ago period. Network Operations revenue, which represented 2 percent of revenue in FY2009, is now reported within the North America and International segments.


"The macroeconomic environment remains challenging and continues to constrain our revenue growth potential. However, we are seeing stabilization in North America, continued strength in Asia Pacific and even early indications of potential growth in countries hardest hit by this downturn," said Harald Braun, president and chief executive officer of Harris Stratex Networks.
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