Harmonic (HLIT) Tops Q1 EPS by 1c

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Harmonic Announces First Quarter 2015 Results

April 28, 2015 4:03 PM EDT

SAN JOSE, CA -- (Marketwired) -- 04/28/15 -- Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, announced today its preliminary and unaudited results for the first quarter of 2015.

Net revenue for the first quarter of 2015 was $104.0 million, compared with $107.9 million for the fourth quarter of 2014 and $108.0 million for the first quarter of 2014.

Bookings for the first quarter of 2015 were $97.3 million, compared with $121.1 million for the fourth quarter of 2014 and $126.3 million for the first quarter of 2014.

Total backlog and deferred revenue was $122.2 million as of April 3, 2015, compared to $128.7 million... More