Harris Revenue Up

Harris Revenue Up
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Harris Revenue Up

Harris said its broadcast communications revenue was up 49% in the recent quarter, compared to the same period a year ago, to $98.9 million. That includes $21 million in revenue from the acquisition of Encoda Systems.
Still, Harris said, its broadcast segment "achieved double-digit organic revenue growth" in all of its business units, including radio, TV, software systems, networking and government solutions and Europe. It credited sales of HD Radio equipment, analog TV equipment, and its big studio and networking equipment contract for the Iraqi Media Network.
Notable business in the recent quarter included a multimillion-dollar agreement with Cox Radio for the provision of digital radio transmitters through 2008, and a contract to provide FM transmission systems and associated equipment to the International Broadcasting Bureau for U.S. government-funded broadcast services.
Overall, Harris Corp., the parent company, said its revenue grew in the second quarter of fiscal 2005 by 24%. Chairman Howard Lance called the quarter's results "exceptional from virtually every perspective."
The company had laid off 22 workers at its Quincy, Ill., plant in recent weeks.