Harmonic profits reach US$ 11.9mn in Q3

October 24, 2007 – Harmonic has announced that its profits reached US$ 11.9mn in the third quarter of 2007, compared to US$ 7.5mn from the same period of the previous year.

Net sales were reported to have reached US$ 82.3mn in the period, up 31% from the US$ 62.9mn posted in the third quarter of 2006.  The company forecasts combined sales for the fourth quarter of this year and first quarter of next year to reach between US$ 155mn and US$ 165mn.

“We are very pleased with our strong sales and earnings growth, as well as our improved gross margins and operating efficiencies, for the third quarter and for the year-to-date,” said Patrick Harshman, President and Chief Executive Officer. “…In the emerging IPTV market, our IP-based video solutions have been winning new business with telco companies worldwide and, increasingly, drive network expansions for existing global telco customers.”