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Harris Revenue Increases, Helped by Acquisitions

Harris Revenue Increases, Helped by Acquisitions

Harris said its broadcast revenue was $135.4 million in the second quarter of its fiscal year 2006, compared to $98.9 million in the prior-year quarter; those statistics were boosted by acquisitions. Revenue benefited from the prior purchase of Leitch Technology and Encoda Systems.
“Improved margin performance reflects the impact of higher-margin product lines from acquired companies and cost-reduction actions,” it stated.
Harris said major orders during the quarter included digital radio transmitters and exciters for Clear Channel Communications.
For the parent company at large, Harris said revenue in the quarter increased 14 percent to $842 million.
Chairman Howard L. Lance said the company’s financial performance in the first half of its year exceeded expectations. “We see strength in demand and profitability continuing at RF Communications, and we expect further improvements at Microwave and Broadcast in the second half.”

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