|Yup. Below is the press release. Earnings will come out in another week.|
Also liked today's news about the big multi-year contract HSTX got from BSNL to build a 4G WiMAX network in southern India. Here's a quote from the article
"This mobile WiMAX rollout by BSNL will represent one of the largest deployments of this technology in the world."
Sounds like we're lean with good margins and now growing our revenue as well.
Harris Stratex Networks Updates Q4 Revenue Guidance
Estimates Revenue will be below prior guidance. Stronger Gross Margin.
Source: Harris Stratex Networks, Inc.
On Friday August 7, 2009, 8:00 am EDT
RESEARCH TRIANGLE PARK, N.C., Aug. 7 /PRNewswire-FirstCall/ -- Harris Stratex Networks, Inc. (Nasdaq: HSTX), a leading provider of wireless solutions that enable the evolution of next-generation fixed and mobile broadband networks, today updated its revenue guidance for the quarter ending July 3, 2009.
The company revised its revenue estimate for its fourth fiscal quarter to approximately $135 million. A portion of the revenue that was anticipated to be recorded in Q4 FY 2009 has been determined to be deferred revenue and will be recorded as revenue in a subsequent period. Despite lower than expected revenue, the Company believes that an increase in gross margin will allow it to meet or exceed the First Call mean estimates for earnings per share of $0.02. These results are subject to completion of the Company's closing process and preparation of its financial statements.
The Company will release its earnings report for the fourth quarter and the full fiscal year 2009, on August 18 at 1:30 PM U.S. Pacific time.
About Harris Stratex Networks, Inc.
Harris Stratex Networks, Inc. is a leading provider of wireless solutions that enable the evolution of next-generation fixed and mobile broadband networks. The company offers reliable, flexible and scalable wireless network solutions, backed by comprehensive professional services and support. Harris Stratex Networks serves all global markets, including mobile network operators, public safety agencies, private network operators, utility and transportation companies, government agencies and broadcasters. Customers in more than 135 countries depend on Harris Stratex Networks to build, expand and upgrade their voice, data and video solutions. Harris Stratex Networks is recognized around the world for innovative, best-in-class wireless networking solutions and services. For more information, visit www.HarrisStratex.com.