Several key cable tech vendors are enjoying the early spring, after posting healthy revenue and income gains for the first three months of the year. Motorola's Connected Home Solutions unit, Broadcom Corp., Juniper Networks and C-COR all reported sales increases in earnings results announced so far this week.
In one prime example, Motorola's cable equipment division racked up $710 million in Q1 sales, up 7% from the year-earlier period. The company credited the increase to higher shipments of video, voice and data equipment, especially digital set-top boxes and voice modems. Motorola said it shipped a record 2 million digital set-tops in the first quarter, up 48% from the previous quarter. It also shipped a record 623,000 voice modems during the quarter.
In another example, Broadcom reported earlier today that net revenue jumped to $900.6 million in Q1, up 63.7% from a year ago. At the same time, net income nearly doubled to $93.7 million. The company credited the gains to "numerous positive product cycles in our end markets" driven by "the strong positive trend in communications convergence."