Arris Result 08/05/2017

By Jasmine Kang Sodha
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Arris announced its unaudited FY17 Q1 result with revenue of $1.5 billion and a net loss of $39 million. The revenue dropped by 8% on a yearly basis while the net loss reduced considerably from $202 million in FY16 Q1.

Even though there was a drop in sales, the company believes that it had a good order flow and shipments, and believes that it is on track to achieve its full year target for 2017. In line with these expectations, the revenue guidance for FY17 Q2 is $1.64-$1.69 billion.